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 Adv. Nwabisa Matwa What is Partial Exemption This is a tool introduced by the Department of Basic Education to make sure that every child, irrespective of their background or financial constraints, has access to quality education. What do you need in order to apply? The parent applying on behalf of the child must be […]
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: […]
“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 […]
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 […]
This weekend might be a great time to get your ducks in a row and write a Will! DIY Wills are, however, dangerous and can be declared invalid. If you are a Legal Hero policyholder, rather contact your hero and ask for professional assistance. 5 FAQ’s answered: 1. What are the basic formalities? a) Write/ […]
“Hi, Im working for a construction company as a manager. The company owes me december, january, march and april salaries. I lost because of not paying my debts. Can you please advise me on what steps to take so that i dnt lose the money im being owed and must the company pay me interest because […]
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