Debtors Can Reinstate Credit Agreements

Debtors Can Reinstate Credit Agreements

Reinstatement of Credit Agreements Last week, the Constitutional Court passed a judgment that throws a lifeline to struggling debtors. A ruling that was applauded by Socio Economic Rights Institute (Seri). The court ruled that debtors in arrears could reinstate their...
How to Exit Debt Review Smoothly

How to Exit Debt Review Smoothly

  Before the Amendment The National Credit Amendment Act (NCA) introduced in March this year specifies when someone can exit debt review, if they wish to do so. Before the NCA was amended, you were legally bound to settle all of your debts as agreed to in the...
What’s the Deal with Tax-free Savings Accounts?

What’s the Deal with Tax-free Savings Accounts?

Unrealistic Bank Charges                                                                       Extortionate bank charges are putting low-income consumers off tax-free savings accounts and understandably so. Individuals who have only a small amount to invest are better...
What does it mean to be blacklisted?

What does it mean to be blacklisted?

You are referred to as ‘blacklisted’ if you have fallen behind on your credit repayments for three months or more. As a result, credit providers inform the credit bureaus, who then list you as a high-risk credit user.  Furthermore, attorneys who have obtained a...
Are you in debt?

Are you in debt?

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