ARTICLES RELATING TO DEBT

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
83 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.

Eurozone debt levels rise

2014-07-22 15:45

The eurozone's mountain of debt has expanded in the first three months of the year following gains in nations at the centre of the region's financial crisis.

Good debt vs. bad debt

2014-07-17 14:17

What is ‘good’ debt and ‘bad’ debt, and why is it important to distinguish between the two?

Cash in envelopes disciplined way to save

2014-07-16 12:53

The OneRandMan evokes a reaction for everyone who follows his story. Some comments are quite harsh, while others are supportive.

No more reckless lending to consumers

2014-07-08 21:26

The new credit act, which will soon be implemented, will not only tighten measures to grant credit but also offer more protection to consumers.

Loan sharks prey on Thai indebted

2014-07-01 11:22

Business is great, says a moneylender who charges a whopping 10% a month interest but finds plenty of takers in Thailand.

North West working to clear municipal debt

2014-06-27 15:22

North West Premier Supra Mahumapelo says part of plans to turn the province around was clearing all debts owed to municipalities.

Wonga to pay £2.6m for fake legal letters

2014-06-25 12:39

Britain's biggest payday lender Wonga will pay £2.6m in compensation to 45 000 clients after sending them threatening letters from non-existent law firms.

Inflation, poor returns eat into savings

2014-06-19 05:57

Far too many retirees run out of money, warns an expert, but choosing the right annuity can help overcome this obstacle, he says.

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Consumers are often pressured to sign documents under duress because they don’t understand their rights, says an expert.

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Debt difficulties

2014-06-12 07:22

There is relief for consumers struggling with debt.

0 comments 0 Views
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People who go through the traumatic experience of divorce will tell you that in most cases it has to do with financial circumstances, says an expert.

8 comments 7587 Views

Garnishee order creates amnesty concerns

2014-06-11 11:46

A Fin24 user wants to know if having a garnishee order against him would prevent him from getting credit amnesty or a home loan.

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Old debt???

2014-06-11 07:15

Don't be tricked into paying for prescribed debt.

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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.

Inside Labour: Understandable desperation

2014-07-18 07:45

The poor's disproportionate debt burden is leading to rising anger, says Terry Bell.

Labour Wrap: SA a nation wallowing in debt

2014-07-17 07:35

Debt - combined with the steadily rising cost of living - is a major reason for protracted and bitter strikes, says Terry Bell in his latest Labour Wrap.

Portugal Telecom warns bank on unpaid debt

2014-07-16 11:23

A key shareholder in stricken Portuguese bank Banco Espirito Santo has failed to repay a huge debt, putting the banking group at risk of legal action.

How to avoid the cash flow crunch

2014-07-04 06:00

A cash flow crunch often occurs in small businesses trying to balance cash coming in with cash going out. Watch this video to help you improve ...

Consumers brace for triple price blow

2014-07-01 06:30

Hard-pressed consumers are facing a slew of price increases in July that will have a severe impact on their debt burden, says an expert.

Wonga SA responds to UK probe

2014-06-25 13:57

Wonga.com SA CEO Kevin Hurwitz speaks to Fin24 about the £2.6m in compensation Wonga UK will be paying to over 45 000 customers.

Zuma signs credit amnesty amendment into law

2014-06-23 12:58

President Jacob Zuma has signed the National Credit Amendment Act, which provides for the automatic removal of adverse consumer credit information, into law.

So you are out of debt, what next?

2014-06-19 03:08

The Debt Management Group says people should plan their future once they are out of debt and not make rash decisions.

Gallery

Consumers are often pressured to sign documents under duress because they don’t understand their rights, says an expert.

9 comments 4689 Views
Gallery

There is relief for consumers who are struggling to service their debt, says an industry expert.

0 comments 2188 Views
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Debt trap alert!

2014-06-11 07:15

Beware! This is the most expensive way to buy a car.

0 comments 0 Views
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Many consumers are tricked by debt collectors into paying for debt that has prescribed. Here is what you can do if you find yourself in this situation.

54 comments 16445 Views

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