What to keep in mind when borrowing money from family Source – Fin24.com Johannesburg – The credit crunch has dashed the hopes of many South Africans wanting to buy a home or start a business. Despite a relaxation in recent months, banks’ lending criteria remain much stricter than a couple of years ago, with 100%… Continue Reading
What it means to have a High Court judgment listed on your credit record
In short, it means you did not pay a debt at one point in time and the creditor you owed secured the debt by getting a court to grant a judgment against you. The judgment secures the debt as the creditor can now attach any property you own in order to satisfy the judgment debt.… Continue Reading
Financial preparation before starting a family
One of the most important things to consider before starting a new family is financial preparation. Source: Carly Wood of Wonga Thinking about starting a family is a big step, but one filled with excitement as you plan for the new arrival. One of the most important things to consider before starting a new family is financial… Continue Reading
Rehabilitation Check List
What information you must provide to an attorney to apply for your rehabilitation Rehabilitation steps We’ll need the following information (some of which we may have to get from your trustee): Your full names Identity Number Job description now Job description at the time of your sequestration Employer’s detail now Your current income Your wife’s income (if… Continue Reading
The Prescription of Debt – When you can’t be forced to pay….
The Prescription Act provides that the basic period of prescription shall be 30 years in respect of any ‘judgement of debt’ and 3 years for ‘any other debt’. Source: Paul Slot of Octogen Pty Ltd. The phone rings and the agent on the other end inform you that you have not paid your debt. You have… Continue Reading
Spend wisely over Christmas
It’s so easy to get into debt at this time of year, but financial headaches can be avoided if you follow these tips. Spend wisely over Christmas Staff reporter Thu, 01 Dec 2005 This article is a printout from iafrica.com Copyright © 2000 iafrica.com*, a division of Metropolis* Spend wisely this holiday season, says the… Continue Reading
Managing family finances
Getting married and starting a family is no easy feat financially, but when it comes to second marriages and stepchildren, juggling monthly cash flow, debt and future asset allocation can be a minefield. Managing family finances Iona Minton Fri, 25 Nov 2005 This article is a printout from iafrica.com Copyright © 2000 iafrica.com*, a division of… Continue Reading
Manage your credit card
A credit card is seen as a symbol of status. But it’s also a symbol of debt — the easy lending facility we can use when we’re broke but still need to spend. It’s the single easiest way to borrow money, often more than we intend to. Manage your credit card Jocelyn Newmarch Fri, 18… Continue Reading
Save on your cellphone
Cellphones are wonderful. They’re so convenient, essential for keeping track of business and friends, and many of us would be lost without them. But it’s so easy for cellphone expenditure to get out of hand. Save on your cellphone Jocelyn Newmarch Fri, 11 Nov 2005 This article is a printout from iafrica.com Copyright © 2000… Continue Reading
This article explores the causes of stress and how to cope with it.
Source: Melissa Tabor Recognising, Avoiding, and Coping with Debt Stress Debt can quickly become a destructive force in anyone’s life, and can also become a major source of stress and worry. The stresses caused by debts can often make taking action to rectify the situation or attempt to deal with debts even more difficult, and… Continue Reading
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