her homeloan account a second chance.
now that Absa has agreed to cancel the execution sale of her property.
dispute resolution process made possible by Hotline.
employed and can arrange to make repayments. But I still insist that I was not
from today onwards I will sleep a bit easier and it is all because of Hotline,”
property as collateral.
months, though she insisted that she informed the bank that she could no longer
make regular payments.
the end of each month.
employer to apply for a second housing subsidy but her application wasn’t
successful. During that period, Absa began legal processes to recover its money
but failed to inform Mqhayi.
after coming across an advertisement showing that it was being auctioned.
date for the auction had been set and that she owed the bank R213 477 and a
further R37 266 in respect of the unpaid debt consolidation loan.
regarding all this. So I could not understand how they could sell the house
without proper consultation.
was obviously irritating,” said Mqhayi.
pay R4 679 but the bank’s legal department demanded 20% of arrears plus the
been handed over to their lawyers Barnard and Majavu Incorporated for
resolved that the latter make payment arrangements.
again, Absa will proceed with litigation,” said Oosthuizen.