Through the years that debt review (or debt counselling) has been in our market, it has always been difficult for a consumer who genuinely cannot afford to pay their installment, to get assistance. When going under debt review, a court order is granted, and only the court can relax or vary the terms of the order. Even if the creditors, debt counsellor and consumer all agreed, you would still need to go to the court to change the order, otherwise, there is a default and the creditors will end up terminating.Continue reading “Under debt review and can’t afford to pay?”
One of the biggest worries at the moment is whether you will be able to pay your bond or not. Here is some advice on the bond payment options available to you if you hold a bond at the main South African Banks.Continue reading “Bond payment options during the COVID-19 lockdown”
There is so much information being thrown at us in the media at the moment and all of this just leads to more confusion. This article is meant to give small, relevant bits of information on some of the more important financial aspects of the #lockdown and #coronavirus crisis. Hope that these tips and tricks give you some help. If you feel that you have gained a bit from this article, please hit the like and share buttons at the bottom to help spread the word.Continue reading “Tips and Tricks to deal with reduced income during the COVID19 crisis”
FNB is the latest bank to release news that they will be offering payment relief to clients during the #coronavirus crisis.
Clients who bank with FNB and whose accounts are in good standing will qualify. The bank will be offering three months (April, May and June 2020) of reduced or zero payments. The decision will be made based on each individual client.Continue reading “FNB offers Payment Relief amidst Coronavirus Crisis”
SA Home Loans has put plans in place to offer assistance to consumers receiving “no pay” during the #coronavirus lockdown. Consumers affected will be able to avail themselves of this offer from April 2020 as all consumers should still be able to make full payment in March 2020.Continue reading “SA Home Loans – Arrangements for Debt Review clients”
ABSA Bank announced that it will be offering affected clients a special payment relief program during the #Coronoavirus Crisis.
This relief will be available to all clients; Personal, Business and Corporates will be able to avail themselves of the offer.Continue reading “ABSA announces payment relief program for clients”
You have probably already heard that Standard Bank has extended a payment holiday to its small business clients and students. You might have wondered whether this offer will be made to their personal accounts as well?
Standard Bank has also now extended that payment holiday to certain categories of personal accounts.Continue reading “Standard Bank personal account payment holiday”