Every time you apply for credit (let’s say a mobile phone network contract for example), your potential creditor will first consult your credit profile before accepting or rejecting your application. Your potential creditor does this to determine how risky it is to lend you money. You see, your credit profile shares all your secrets: […]
By Jolané van der Walt-Nieuwoudt (LLB) (LLM) The Small Claims Court (SCC) was implemented in South Africa to make justice less expensive and more accessible for everyone. Although you are not allowed to have legal representation when presenting your legal case, nothing stops you from seeking legal advice to learn more about your legal rights in the matter before […]
Repossession – Beauty miraculously dodges the Bleepbank Beast This Friday Legal Hero celebrates 3 years of offering our members a solution (quality legal cost insurance) to unaffordable legal fees. As part of our celebration, we would be honoured to share a few success stories with you. Disclosure: the below is based on a true story […]
Debt Review – did you know? 1. Debt review will stop your creditors from harassing and threatening you all hours of the day to demand payment. Your debt counsellor will become the middle man; 2. We renegotiate debts with your creditors and may even decrease the amount of interest you contractually agreed to; 3. We […]
Financial problems getting you down? Outstanding debt is easier to sweep under the carpet than to deal with. Initially, you might find some solace in pretending, however, as time progresses, that bulge under the carpet will eventually become stress bulges that run down your neck and keep you up at night. Eventually the sound of […]
South Africans are drowning in debt! According to the National Credit regulator, debt counsellors have assisted over indebted consumers with repayment plans worth up to R18 BILLION in total. Statistics show that by 2013, about 240 034 government employees and about 120 000 private sector employees had emolument attachment orders (a garnishee) against their salaries. WHAT […]