Debt collection agencies, often hired by creditors, use various strategies to recover owed funds, including phone calls, letters, and legal actions. While essential, debt collection must be conducted ethically and within legal boundaries to protect the rights of debtors. This article will explore the of debt collection, the laws governing it, and the process in […]

Debt is easy to accumulate, but if you’re not careful, you can end up in a debt trap that harms your credit score, financial security, and mental health. The key to avoiding bad debt is to take control and manage your finances. 1. Don’t max out your credit limitSimply because you have credit available doesn’t

THE NEGATIVE IMPACT OF BLACKLISTING IN SOUTH AFRICA: The term “blacklisted” is used to describe individuals who have not honored their credit agreements between themselves and credit providers. This refers to long and short terms debt which may be in the form of credit cards, store cards and loans. The information relating to an individual’s

WHAT IS AN EMOLUMENT ORDER AND HOW DOES IT AFFECT YOU? The term “Emoluments” makes reference to salary or wages. An Emolument Attachment Order is issued in the Magistrates Court in terms of Section 65 of the Magistrates Court Act 32 of 1944 (Magistrates Court Act). The application is initiated by a creditor who has