Are you too deeply in debt?

Debt is a major problem in South African households – and one definitely not restricted to the lower income groups. If you suspect you might be in over your head, brace yourself and take an honest look at these debt-defining signs. Are you too deeply in debt?   By Bruce Cameron This article was first… Continue Reading

A new approach to corporate failures

Some useful insight into a new approach that banks and other credit-grantors are taking with respect to corporate failures A NEW APPROACH TO CORPORATE FAILURES This an article appeared in ITC’s e-newsletter of 9/11/2001, What’s new…s? (www.itc.co.zawebmaster@itc.co.za)This week’s edition of What’s new…s? provides some useful insight into a new approach that banks and other credit-grantors… Continue Reading

Negative Savings

With barely 0,4 percent of domestic disposable income being saved, negative savings is the predominant feature of the monthly budget of most families NEGATIVE SAVINGS Star JohannesburgWith barely 0,4 percent of domestic disposable income being saved, negative savings is the predominant feature of most families’ monthly budget. The Chairman of the South African Savings Institute,… Continue Reading

Insolvency

When you are unable to pay your debts Insolvency Reproduced with permission from Readers Digest ‘You and Your Rights’  When you are unable to pay your debts When you cannot pay your debts (because they exceed your assets), you are said to be insolvent. Although insolvency itself is not a crime, criminal charges can often follow… Continue Reading

Sale In Execution

Seizing property in lieu of a debt Sale in Execution Reproduced with permission from Readers Digest Once judgment has been obtained against a debtor, the creditor (who then becomes known as the ‘judgment creditor’) can immediately apply for a writ of execution against the debtor’s property in order to cover the amount of the debt.… Continue Reading

Debtors in Financial Difficulty

Steps to take when you cannot pay your debt Debtors in Financial Difficulty When you cannot pay your debts Source: Reader’s Digest’s You and Your Rights When a family’s income drops because the breadwinner is injured or has been dismissed, retrenched or forced to take a lower-paid job, finances must be rearranged immediately. The first thing… Continue Reading

How’s your credit report?

How’s your credit report? If you are labouring under the inconvenience of a bad credit record you will know that when it comes to procuring loans you will either be denied, or you will be hit with higher interest charges to offset the risk. The good news is that you can fix a bad credit… Continue Reading

What’s your daily cost of living?

If you’re constantly wondering where your money goes to, try breaking down your expenses into daily costs — the amount of money you spend every day on your lifestyle. What’s your daily cost of living? Iona Minton Tue, 20 Dec 2005   This article is a printout from iafrica.com Copyright © 2000 iafrica.com*, a division… Continue Reading

Getting a handle on teen finances

Anyone who has teenage children should be under no illusion that their little darlings are an enormous financial commitment. Getting a handle on teen finances Iona Minton Tue, 20 Dec 2005   This article is a printout from iafrica.com Copyright © 2000 iafrica.com*, a division of Metropolis*Anyone who has teenage children should be under no illusion… Continue Reading

Prepare now for emergencies

Have you ever considered what you would do if you had an emergency and needed access to money in a hurry? If not, then now is the time to start planning. Prepare now for emergencies Staff Reporter Mon, 19 Dec 2005 This article is a printout from iafrica.com Copyright © 2000 iafrica.com*, a division of… Continue Reading

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