Debt articles
When can the bank repossess your house?
Can your home loan provider simply evict you off the property, or do the right of unlawful occupiers apply to you to?
Stricter laws to help over-indebted bank customers?
There is a debt culture in South Africa, as many families are forced to take on debt to provide the basics for their family, such as putting food on the table. While there are steps and procedures in place to help people who become over-indebted...
Cosatu wants consumer debt to be written off
In a submission made to Parliament’s portfolio committee on Trade and Industry on Tuesday, the Congress of South African Trade Union (Cosatu) appealed to the government to cancel debt of consumers who have been victims of reckless and exp...
The advantages and disadvantages of going under debt review
Consumers often turn to debt review as a solution to their financial problems. Experts warn that applying for debt counselling should be carefully considered as there are both advantages and disadvantages.
Why are people not paying their debt?
The latest Credit Bureau Monitor (CBM) released by the National Credit Regulator (NCR) revealed that there has been an increase in the number of credit defaulters. According to the results, credit facilities over the period decreased by R1.26 mi...
Debit order disputes result in legitimate transactions being cancelled
The ease at which direct debits are being disputed are increasingly resulting in people contesting legitimate debits such as debt counselling obligations, mortgage repayments and other forms of debt repayments. This form of abuse is setting cust...
Your guide to prescribed debt
When neither you nor the company that you owe the money to has acknowledged the debt for a specified number of years it becomes prescribed debt. But what does this mean?
Guide to payday loans
This guide explains what a payday loan is, how it works, and what to do if you are struggling to repay your loan.
Debt forgiveness: What is it?
Government has proposed introducing a debt forgiveness programme specifically aimed at retrenched workers.
Unsecured lending on the up
We take a look at the rising trend of unsecured lending and what the consequences thereof.
How to manage your debt in the New Year
Justmoney explores ways in which you can manage your debt in the New Year.
Guide: Should you get out of debt review?
This guide explains the various steps of debt review and what you can and cannot do while under debt review.