Debt-related issues can present significant challenges for individuals, affecting their financial stability and prospects. Understanding the various types of listings that can appear on a credit report is crucial in navigating the complexities of the credit system. In this article, we will explore four common types of listings found on credit reports: payment profile information, […]
By Andries Cornelissen B. Proc, Practical Legal Training, Accredited and Certified Mediator, International Accredited and Certified Mediator London School of Mediation, Certified and Accredited Conflict Coach, Practicing Associate: The Association of Arbitrators, Certified and Accredited AHI Representative The privileged minority who are in a position to own property, enjoy more security than ever before. Post COVID […]
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 […]
“My debt counsellor has vanished. What do I do and am I really under debt review if my debt counsellor who initially placed me under debt review, was not a real debt counsellor?“ Whilst debt counselling sought to alleviate the situation for over-indebted consumers, it unfortunately also exposed the same consumers to the risk of […]
Here at Head Office we all do some credit ‘spring cleaning’ right after the annual budget speech. Everybody requests a copy of his/ her credit report from TransUnion/ Experian and then scrutinizes the document in order to avoid any nasty surprises. Did you know that potential creditors are obliged to check your credit report for any […]