PLEASE NOTE:

MyNews24 is a user-generated section of News24.com. The stories here come from users.

 
Ashleigh_Coetzee
 
Comments: 25
Article views: 1551
 
 
Latest Badges:

 
View all Ashleigh_Coetzee's badges.
 

What they don't tell you about your Credit Record...

06 December 2012, 09:37

So many South Africans have a bad credit record and more often than not...some of them had absolutely no control over it! Those who work in Credit Management or Financial Management can't get a job because of their bad credit record... so how do they earn money to pay off their debt? It's a catch 22 don't you think? Surely someone's credit record should only be used when applying for credit? Some companies say: "If they can't manage their own money...then they can't manage the companies money!" This is actually quite unreasonable because how many of them actually bothered to find out WHY someone has a bad credit record?

Sometimes companies have incompetent staff who aren't trained properly and they list someone in error and don't even realise it. Some consumers have medical bills that were authorised prior to treatment but because the medical service providers charged 200% and the medical aid will only pay 100%...they're listed because they can't afford the high charges!

What about the single parents who don't receive maintenance who battle to pay their expenses every month and just don't earn enough?

Over the years, petrol, food, rent, electricity...etc have all increased at an alarming rate but sadly salary increases have not kept up with this trend and 5 to 10 years down the line the average person in the street just can't keep up and are forced to live on credit which they eventually, with the vicious cycle, can't afford to pay back the debt because the cost of living is just too high!

According to the Employment Act of South Africa... it's discriminatory to use age, religion, HIV status...etc against someone when applying for employment... Then why are people's confidential financial information allowed to be used when applying for a job? It's ridiculous to say that people with a bad credit record will steal and people with a good credit won't...it purely depends on the individual and their integrity, honesty and situation of that person at that time. Anyway...with computers and technology as well as segregation of duties, surely companies protect themselves against fraud and embezzlement?

So...where does one draw the line? The unemployment rate is so high and is being compounded by the fact that people with bad credit records (whether through their own doing or not) are denied the chance to earn money to pay off their debts and to support their families! Is this perhaps, not a contribution to the extremely high crime rate in South Africa?

Let me ask you this:
If you had a bad credit record and it wasn't your fault and all attempts at getting it cleared failed and you were unable to get a job because of this... and your children hadn't eaten in 3 days... would you steal a loaf of bread at a supermarket... or... what would you do? Tell me!!! Because I know hundreds of people out there that are in this boat and they are at a loss as to how to solve their problem. In fact, there are hundreds of thousands of South Africans out there that are just not pulling through and it gets worse as prices go up and salaries don't keep up!

I approached the DA in February this year and even though they were enthusiastic and agreed with me....they did NOTHING and instead told me to go to the media... so I tried other avenues first with no success...so here I am!

I approached the ANC at the beginning of this week and sent my email to the average ranks and worked my way up from there to include the ANC Youth League, The President's Office, Thabo Mbeki, Beryl Baker, Gill Marcus among others including the ANC Media Office and got plenty of "read receipts" but NOT one response from any of them!

In 10 years time when our economy collapses due to consumers not being able to survive on their salaries and living on credit and then not being able to pay it back... AND then  not even being able to get a job because of the bad credit record... what will everyone say then: "If only we'd known this was going to happen.". Let me tell you... it's only a matter of time before it all caves in... so wouldn't it be a good idea to do something about it now?

I suppose the government is not too worried because THEY all have jobs and even if you have a criminal record it doesn't matter in government... so a bad credit record means even less to them! BUT....when the tax payers don't have jobs to generate their tax revenue.... then what?!

Everyone has be warned! It's coming... it's just a matter of time... and when?!!!

Disclaimer: All articles and letters published on MyNews24 have been independently written by members of News24's community. The views of users published on News24 are therefore their own and do not necessarily represent the views of News24. News24 editors also reserve the right to edit or delete any and all comments received.
 

Read News24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
25 comments
Add your comment
Comment 0 characters remaining

Read more from our Users

Submitted by
czoe
Racial syndrome..a dividing line

Without tolerance of each other and respect of one’s culture and race that are identically unique, we shall never be stable and successful politically; socially; culturally and economically.  Read more...

5 comments 37 views
Submitted by
Siyabonga Dube
Nothing South African about that

If being fake was a crime then a very vast majority of people in our country would be in jail. Read more...

1 comments 271 views
Submitted by
PhillipHoffman
The perfect God

This is in response to Rebone’s recent article about the Jewish/Christian God. She elaborates on reasons why God is imperfect. Read more...

89 comments 270 views
Submitted by
Godless Heathen
Character Assassination, Hello Pe...

On Thursday some allegations were made in a comment and I am going to tell you why I will not engage.  Read more...

4 comments 210 views
Submitted by
Tendani Siala
EFF conduct necessary and warrant...

Under normal circumstances the (mis)conduct of the EFF MPs in Parliament yesterday over the Nkandla saga should be condemned in the strongest terms. Read more...

15 comments 554 views
Submitted by
Morgan Willard
Time to put an end to erotic musi...

When did we start being okay with soft porn being showed on television sets on a daily basis?  Read more...

21 comments 282 views

Jobs in Cape Town [change area]

Property [change area]

Travel - Look, Book, Go!

Magical Massinga

Spend 5 nights at the gorgeous Massinga Beach Lodge in Mozambique and only pay for 4 from R13 220 per person sharing. Includes return flights, accommodation, transfers and romantic turndown. Book now!

Kalahari.com - shop online today

20% off all TV Series!

Want to have a chilled day at home? Get 20% off TV series, the perfect excuse to "veg out". Shop now!

Save R700 on the Hisense LED TV Now R2499

Get the Hisense 32” HD ready LED TV for only R2499. Offer valid while stocks last. Shop now!

Up to 40% off fashion accessories

Save up to 40% on selected handbags, purses, watches, jewellery and more. Offer valid while stocks last. Shop now!

Save up to R2000 on top electronics

Get every day mind bowing savings on top electronics. Offer valid while stocks last. Shop now!

As seen on TV - New book releases at only R199 each

Get mind blowing book savings on new titles. Offer valid while stocks last. Shop now!

OLX Free Classifieds [change area]

Samsung Galaxy s4

Mobile, Cell Phones in South Africa, Western Cape, Cape Town. Date October 24

Best bargain in big bay

Real Estate, Houses - Apartments for Sale in South Africa, Western Cape, Cape Town. Date October 25

VW Golf 6, 1.6 Trendline (Excellent condition)

Vehicles, Cars in South Africa, Western Cape, Cape Town. Date October 25

 

services

E-mail Alerts The latest headlines in your inbox

RSS feeds News delivered really simply.

Mobile News24 on your mobile or PDA

E-mail Newsletters You choose what you want

News24 on your iPhone Get News24 headlines on your iPhone.

SMS Alerts Get breaking news stories via SMS.

Blogs Your opinion on you, me and everyone.

Calais Website keywords automated by OpenCalais.

 
Interactive Advertising Bureau
 
© 2014 24.com. All rights reserved.
There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Settings

Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.








Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.