Archive for February, 2012

Bank’s Action Reckless in Debt Review

“The legislation obliges the consumer and credit provider to participate in good faith in the debt review, and any negotiations should result in responsible debt rearrangement. “I am of the view that the plaintiff’s failure to participate in the review proceedings is reckless.”

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New Year’s Resolutions: Save money, pay off debt in new year

Santa brought lots of gifts this year. Unfortunately, he also brought lots of credit card debt. But you can still get out of debt and save money in 2012. Adv Randolph Samuel, CEO of the Credit Foundation of South Africa, offers these tips:

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ID Theft Ruins Lives

He wanted to buy a house but discovered to his utter shock that he was blacklisted for goods he never purchased.

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Constitutional Court Ruling May Offer Consumers Better Protection From Banks

In the first nine months of 2011, 77 percent of credit provided was to people earning under R10 000 a month. They were less likely to receive a notice because of service delivery issues. The Post Office could not be seen as an agent for debt collection.

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Credit Reports Deny Employment

Given that backdrop, some argue that employers should hire based on skills and qualifications and not credit report histories. Those in the job market have plenty of obstacles right now and should not have to try to defend the fact that they missed payments on bills.

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Credit Cards 101: How to Use Your Credit Wisely

What credit card users must realize is that credit cards are a tool which, if used wisely, can help establish and maintain good credit, and finance major expenses, but if used foolishly can also be the key to one’s financial undoing.

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How To Keep Your Debt In-Check

Start with revising your budget, cutting back on unnecessary spending, and looking for better deals on everything from your car insurance to your cellphone, is a good way to make sure that you are able to make a dent in your debt.

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