HOT TOPICS
ARTICLES RELATING TO DEBT

ConCourt rules on insolvency appeal

2014-12-19 14:04

The Constitutional Court has ruled that all employees, including household staff, must be informed if their bosses are declared insolvent.

Worried about debt review and chance of a job

2014-12-09 15:29

A Fin24 user is worried about the impact going under debt review could have on his chances of getting a job.

Bad credit record because of forgotten account

2014-11-24 10:51

A Fin24 user was surprised to find he has a bad credit record for an overdue account he could not remember having opened.

Debt review can turn your life around

2014-11-17 15:03

You should look at the debt review process as a way of turning your life around, but be aware of the do's and don'ts involved, says an expert.

New credit ombud appointed

2014-11-11 11:17

Nicky Lala-Mohan will take up the position of credit ombud from February 1 next year, when the contract of current incumbent Manie van Schalkwyk expires.

Ellerine owes creditors R1.3bn

2014-11-05 18:58

The former furniture unit of failed lender African Bank Investments says it owes creditors R1.3bn, nearly half of that to the four major banks.

Court bid to stop salary attachment

2014-11-02 12:55

A group of indebted farm workers are taking microlenders to court in a bid to stop them attaching their salaries.

5 tips to cut your debt

2014-10-27 05:00

Don’t let debt take over your life. Take a look at these helpful hints to keep the monster at bay.

Surprised by car finance terms

2014-10-20 15:39

A Fin24 user did not realise that the interest rate on her car finance would change.

Lawyers in Argentine debt dispute to meet

2014-10-12 20:30

A court-appointed mediator says he will hold a meeting between lawyers for Argentina and creditors suing the country in a dispute over defaulted debt.

Cut debt but spend for jobs - IMF

2014-10-08 19:00

The International Monetary Fund says advanced economies still hold too much debt, but even as they trim it they need to spend more to generate jobs.

Debt review vs own arrangements with creditors

2014-10-03 17:46

A Fin24 user wants to know if it is advisable to cancel debt review and deal directly with creditors.

ECB to begin buying secured debt

2014-10-02 16:45

The European Central Bank will buy bundles of loans and other forms of secured debt from mid-month in an attempt to kick start a languishing eurozone economy.

Argentina bank chief quits, raising unease

2014-10-02 10:45

Argentina's central bank chief has resigned after a long tussle with the economy minister and has been replaced with a regulator.

Perfect storm could hit consumers - experts

2014-09-30 16:03

Deeply indebted onsumers are in for hard times with middle and lower income groups expected to suffer the most, warn experts.

The rights of a life partner

2014-09-29 18:17

After 25 years the life partner of a Fin24 user wants to move out of the house, but not without some compensation.

African Bank and credit cards

2014-09-29 14:33

A few Fin24 users wrote with queries about how the African Bank curatorship is impacting the credit cards they have with the bank.

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.

 

Debtors to fight garnishee orders in court

2014-12-17 14:12

A legal aid clinic and 15 debtors are asking the high court if it is constitutionally permissible for salaries to be attached without proper judicial oversight.

Civil case debt decreases

2014-11-20 17:17

The total number of civil summonses issued for debt has decreased by 5.5% in the third quarter of 2014 compared to the same quarter last year, says Statistics SA.

Zim bad debt set to rise even further

2014-11-14 10:03

Zimbabwe's central bank says its non-performing loans ratio now stands at 20% and will increase if gross indiscipline in financial services is not checked.

Sweden grapples with huge household debt

2014-11-09 12:30

Sweden's new centre-left government and its financial authorities will be under pressure when they meet to tackle a mountain of household debt.

Petrol price dip not licence to spend

2014-11-03 15:33

The drop in the fuel price may bring temporary relief, but consumer debt remains high, warns an expert.

Pensioner battles to survive due to debt

2014-10-29 14:56

A 72-year-old Fin24 user is battling to survive due to debt repayments and is desperate for help.

Debt counselling fees shock

2014-10-27 14:24

A Fin24 user who decided to go for debt counselling was surprised by the fees he ended up having to pay.

5 tips for cutting your debt

2014-10-26 14:14

Don’t let debt take over your life. Take a look at these helpful tips to reduce your debt.

Trapped by garnishee fraud

2014-10-17 16:40

A Fin24 user is stuck with a garnishee order for an account he says he never had.

I'm struggling to save, what can I do?

2014-10-10 09:05

Expert advice for a young Fin24 user who says despite trying her best to save, she still overspends.

Eskom tariff increase will hit consumers hard

2014-10-07 15:05

The Eskom tariff increase will have a profoundly negative impact on deeply indebted consumers, warns an expert.

Wonga SA loans must still be paid back

2014-10-02 16:47

Wonga SA says the Wonga Group's news regarding its lending criteria and forbearance programme in the UK will have no direct impact on the SA business.

Wonga writes off debt for 330 000 customers

2014-10-02 16:13

UK short-term lender Wonga is writing off the debt of customers worth about £220m, after being forced to overhaul its lending practices.

Argentina defies US court order

2014-10-01 10:00

Argentina has deposited a $161m bond interest payment with a newly appointed local trustee, defying a US judge who held it in contempt a day earlier.

US judge holds Argentina in contempt

2014-09-30 09:45

In a rare move, a US judge has held Argentina in contempt, saying the country is taking "illegal" steps to evade his orders in a longstanding dispute.

Can banks discriminate after debt review?

2014-09-29 14:47

The big banks don't discriminate against insolvent parties, but people who have been under debt review. Is this legal, asks a Fin24 user.

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.

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