Archive for Judgments
Consumer Judgments For Debt Continue To Decrease
Civil judgments for debt continued to fall in October, suggesting that more consumers are meeting their financial obligations OR creditors are less inclined to proceed with enforcement action…
Read moreCivil Debt Judgments Still Falling
“This means that 38,000 people were issued civil judgments on their debts, compared to 49,000 a year ago.
Read moreJudgments Fall But Debt Remains High
On average four-fifths of after-tax income goes just to service debt, leaving one-fifth for food, school fees and uniforms, transport, insurance and medical costs.
Read moreDebt Counseling Responsible For the Slide In Judgments
Therefore we must ask an obvious question: if 46.5% of consumers are in default on repayments of their credit agreements, why is the number of civil summonses and judgments declining? The answer (in part) can be attributed to: debt counseling.
Read moreJudgments Fall But Bad Debt Still High
While data published by Statistics SA (Stats SA) showed that the number of civil judgments recorded for debt continued to decline steadily in March, South African consumers remain highly indebted.
Read moreConsumers Stem Judgments
Staff Writer @ Lucid Living Civil judgements recorded for debt fell 16.2% year-on-year to 42 018 cases in January, according to data released by Statistics South Africa (StatsSA) on Thursday. This was the sixth month showing a decline. Related Posts:Judgments Fall But Debt Remains HighNCR Offers Tips For Smarter BorrowingChristmas – A Time To SaveSouth [...]
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