Archive for Judgments

A Victory For Consumers Plagued By “Garnishees”

EAOs, which are imposed on a debtor’s salary by a creditor to recover outstanding money, have been widely abused by unscrupulous unsecured lenders and debt collectors.

Read more

Wonga Ordered To Remove Blacklistings and Judgments

The NCR said it ordered Wonga to submit an audit report and remove adverse credit bureau listings from some of its customers’ records at its own expense.

Read more

Civil Debt Judgments Down

Despite that fact, the continuing fall in the number of civil judgments seems to indicate that creditors are holding back on taking legal action, that results in a civil judgment.

Read more

Civil Judgments For Debt Continue Downward

During 2011, 503,528 civil judgements for debt amounting to R5.1656 billion were recorded.

Read more

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 more

Civil 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 more

Judgments 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 more

Debt 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 more

Judgments 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 more

Consumers 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 HighSouth African’s Drowning In DebtNCR Offers Tips For Smarter BorrowingChristmas – [...]

Read more