Archive for May, 2014

Home Loan Defaults Worry Banks

Standard Bank believes it could take at least another two to three years to get rid of SA’s overhang of distressed properties, given the worrying state of consumers’ financial positions.

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Credit Amnesty Did Not Improve Access To Credit

“As anticipated, banks have adjusted their credit underwriting to account for the effect of the credit amnesty” said Advocate Kate Thambiran, Managing Director of LUCID Clear Credit, a credit rehabilitation firm.

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