ARTICLES RELATING TO DEBT

Watch out for common law rule on debt

2014-09-22 11:03

A Fin24 user is questioning the in duplum rule as his employee's debt increases instead of getting less.

iPhone 6: To upgrade or not

2014-09-11 16:01

Are cellphone contracts a good thing? Fin24 users discuss this vexing question in the wake of Apple’s launch of iPhone 6, iPhone 6 Plus and Watch.

UN vote vindicates debt fight - Argentina

2014-09-11 14:00

The government says its refusal to repay a group of US hedge funds, standing to profit from the country's debt, has been vindicated by UN support for bond reforms.

UN assembly calls for action on national debt

2014-09-10 13:45

The UN General Assembly has voted overwhelmingly in favour of a resolution that calls for adoption of a new legal framework to restructure national debts.

Argentina creditors do not want in on bond swap

2014-09-10 12:45

A majority of Argentina's creditors are opposed to their bonds being moved to a new jurisdiction under a government proposal that would sidestep a US court ruling.

Govt owes 5% of outstanding municipal debt

2014-09-09 16:08

The government owes municipalities R4.5bn of the R94bn outstanding debt on their books, says the department of co-operative governance and traditional affairs.

Consumers warned of credit fix scams

2014-09-08 12:37

Growing numbers of unscrupulous fraudulent online credit “fixers” are emerging to take advantage of consumers, warns a credit bureau.

Zim banks reduce lending as debt looms large

2014-09-05 14:53

Zimbabwean banks have reduced their lending as the sector is saddled with $700m in non-performing loans, making lending highly risky.

African Bank rot may be worse than anticipated

2014-09-05 11:17

African Bank asked clients R600m too much on loans in arrears and its auditors have brought this transgression to the NCR's attention.

Delete your debt...now!

2014-09-03 16:10

Money makes the world go round, it can also seem quite a burden when you struggle with your finances and end up getting into a debt situation.

Being hounded by debt collectors

2014-08-29 19:01

A Fin24 user is being hounded by debt collectors for debt she claims is not hers.

Argentina to deal with all holdout investors

2014-08-28 11:00

Argentina's government has ruled out further debt talks with a small group of US hedge funds, the country needs to strike a deal with all bondholders.

Zim sets up body to deal with bad debt

2014-08-26 13:05

Zimbabwe has created a special vehicle to buy non-performing loans from banks, as bad loan levels have risen to 18.5% compared to an international benchmark of 5%.

Capfin in hot water over easy loans

2014-08-22 20:16

The National Credit Regulator is of the opinion that Capfin's approach is a transgression of the National Credit Act, because no proof of income is requested.

Negotiating with banks to write off debt

2014-08-21 18:58

A Fin24 user wants to know if there is a way to negotiate with banks in order for them to write off a debt.

Credit temptation

2014-08-20 13:53

A Fin24 user cut up her credit & bank cards because she could not trust herself around them.

Dealing with debt due to identity fraud

2014-08-12 17:43

A Fin24 user has been blacklisted due identity fraud and wants to know how to clear his name again.

Argentina calls for US intervention

2014-08-12 09:04

Argentina has asked the US to intervene in a court case over its defaulted debt after a district judge threatened the country with contempt for 'false statements'.

Cell C bondholders agree to debt restructuring

2014-08-10 20:21

Bondholders of Cell C have unanimously agreed to a R2.3bn debt restructuring, the company said, allowing it to free up cash for network expansion.

More than 2 million SA women in arrears

2014-08-08 12:28

Almost half of credit-active South African women are in arrears with their clothing accounts, says an expert.

Credit shock for maintenance defaulters

2014-08-06 13:56
79 comments

Parents who do not pay their children's maintenance will soon be in for a shock should they apply for a loan or credit.

No need to keep up with the Joneses

2014-07-31 17:27

Fin24 users provide their own personal tips on how to save money instead of trying to keep up with the Joneses.

Argentina needs protection against challenges

2014-07-25 11:03

Argentina says that it needs financial protection against challenges it could face from holders of its restructured debt if it is to negotiate.

Russian firms face debt refinancing

2014-07-23 11:45

Russian companies, including oil giant Rosneft, may face challenges refinancing $112bn in debt due to mature over the next four years.

 

Former African Bank boss apologises

2014-09-14 09:18

Former African Bank executive Tami Sokutu has finally apologised for having dismissed the poor who borrowed from the embattled bank.

Argentina passes debt restructuring law

2014-09-11 16:00

Argentina's Congress has given approval to a law that would restructure its debt to skirt a US court ruling that forced it into its second default in 12 years.

Credit record, affordability key

2014-09-11 09:35

Advice for a Fin24 user who is looking for a way to pay off three loans and still have some money left for a rental deposit on a flat.

Consumers more likely to service future debt

2014-09-10 13:08

There has been a decline in the household sector's vulnerability to service its future debt, says First National Bank.

No new debt for Germany in 2015

2014-09-09 14:45

Germany will not take on new debt next year for the first time since 1969, underlining the robustness of the country's finances.

Ex-Abil boss puts luxury home on market

2014-09-07 15:00

A Rooi-Els home purportedly owned by Leon Kirkinis, the former executive of African Bank, is on the market for R60m.

Debt bill gets the nod from Argentina senate

2014-09-05 12:18

Argentina's senate has passed a bill aimed at circumventing US court decisions regarding its defaulted debt by changing payment jurisdiction.

Student stressed by missed payment

2014-09-03 17:13

A Fin24 user is stressed because of missing a payment on a clothing account.

Microlenders want to hike rates

2014-09-01 20:22

The government should not make it more difficult to collect debt, and the credit industry should get higher maximum interest rates and fees, a report says.

Are you financially fit?

2014-08-29 11:38

Stop living a fake life, get real about your finances and put yourself out of the debt monster's reach, says a Fin24 user.

Video

The downgrading of the country's four big banks will likely raise the borrowing costs for consumers and subject them to more stringent credit checks.

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You'll pay African Bank until you die - clients

2014-08-25 17:27

African Bank's curator responds to the many Fin24 users who are burdened by the high interest rates on loans.

New Eskom hike may be last straw for indebted

2014-08-22 17:01

The extra tariff hike Eskom will impose later this year may just drive many already deeply indebted consumers into dire poverty, says an economist.

African Bank 'kept lending to indebted customers'

2014-08-21 10:11

Court documents show that African Bank made high-interest loans to customers even when bank statements indicated they would struggle to service their debts

Credit temptation: Cut up your cards

2014-08-20 13:12

A Fin24 user shares her strategy of tackling debt, adding that she cut up her credit and bank cards because she could not trust herself around them.

Problem paying debt review amount

2014-08-18 19:33

A Fin24 user is having trouble paying a court ordered amount under debt review due to a change in circumstances.

Rescission of judgment explained

2014-08-12 16:48

During tight financial times many consumers fall behind in paying their creditors and this often results in a judgment against the debtor, explains an expert.

Impact of credit amnesty on good credit record

2014-08-11 18:46

A Fin24 user wants to know if the recent credit amnesty could have a negative impact on consumers with an already good credit record.

Jailed Indian tycoon tries to sell NY Plaza

2014-08-10 14:15

It's hardly the $30 000 a night royal suite, but after five months in India's biggest jail, the owner of the New York Plaza is thrilled.

Gloves off when talking to money

2014-08-07 14:56

A Fin24 user has decided to give money a piece of her mind as she is tired of being a slave to it.

Argentina holds no positive expectations

2014-08-01 15:15

Argentina's Cabinet says the government holds no positive expectations for a court hearing in New York that will discuss the country's debt default.

Debt review nightmare

2014-07-28 17:43

A Fin24 user has been under debt review for two years and seems unable to make any headway.

Trapped under administration

2014-07-24 15:33

A Fin24 user cannot understand why he is still under administration after six years.

Argentine government refuses to capitulate

2014-07-23 10:30

The battle against "holdout" investors suing the country is increasing the odds that the Argentine government will default for a second time in 12 years.

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