CONSUMERLAWS ARTICLES
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Explore the explanations behind payment pressure, credit information and your next practical step.
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Before a missed payment
Worried You May Miss a Car or Bond Payment? What to Do Before Arrears
If your car or bond account is up to date but the next instalment looks unaffordable, act before the due date. Confirm the payment and shortfall, check…
Section 129 notices
Received a Section 129 Notice? What It Means and What to Check
If you have received a Section 129 notice in South Africa, it generally means that your credit provider alleges that you are in default under a credit…
Credit health
Understand Your Credit Health Across Four Credit Bureaus
Your credit health is about more than whether you have a good or bad credit score. It includes the credit accounts recorded in your name, your payment…
Credit readiness
Prepare for Vehicle Finance or a Home Loan
Thinking of applying for vehicle finance or a home loan? Before submitting an application, check three things: what your credit reports show, whether you can realistically afford…
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63 articles
Credit readiness
Prepare for Vehicle Finance or a Home Loan
Thinking of applying for vehicle finance or a home loan? Before submitting an application, check three things: what your credit reports show, whether you can realistically afford the new repayments, and whether any incorrect information…
Section 129 notices
Received a Section 129 Notice? What It Means and What to Check
If you have received a Section 129 notice in South Africa, it generally means that your credit provider alleges that you are in default under a credit agreement and has taken a formal step under…
Home-loan arrears
Sale in Execution of a Primary Home: Rule 46A Explained
Rule 46A provides judicial oversight when a creditor seeks execution against residential immovable property in South Africa's High Courts. If the property is the debtor's primary residence, the court must consider the relevant circumstances and…
Section 129 notices
Section 129 Notice for a Home Loan: What to Check
If you have received a Section 129 notice on your home loan in South Africa, the bank is formally drawing an alleged default under your mortgage agreement to your attention before possible court enforcement.
Section 129 notices
Section 129 Notice for Car Finance: What to Check
If you have received a Section 129 notice for car finance in South Africa, it generally means your credit provider alleges that you are in default under your vehicle-finance agreement and has taken a formal…
Balloon payments
Sell, Trade or Refinance a Balloon Payment?
If your vehicle balloon payment is approaching, you may be considering whether to sell the car, trade it in or refinance the final amount.
Home-loan arrears
Several Bond Payments Behind: How Serious Is It?
If you are several bond payments behind in South Africa, the situation is serious because unpaid instalments are accumulating and your home-loan account may progress towards formal enforcement if the default remains unresolved. However, being…
Car-finance arrears
Several Car Payments Behind? How Serious Is the Situation?
If you are several car payments behind in South Africa, the situation is serious enough to require a clear assessment of your arrears, affordability and the documents you have received.
Home-loan arrears
Sheriff or Home Auction Notice: What Should You Check?
If you have received a sheriff home auction notice in South Africa, your property may have reached an advanced court-execution stage. However, a sheriff's letter, warrant, attachment notice and notice of sale do not all…
Before a missed payment
Should You Contact Your Bank Before You Miss a Payment?
Yes. If you believe your next car-finance or home-loan instalment may be unaffordable, contact your credit provider before the payment is missed.
Before a missed payment
Temporary Financial Difficulty or Ongoing Affordability Problem?
If you are struggling to afford your car instalment, bond payment or other credit commitments, the first step is to understand whether the difficulty is temporary or likely to continue.
Vehicle repossession
Tracing Agent vs Sheriff: Who Can Take a Financed Vehicle?
A tracing or recovery agent is not the same as a sheriff in South Africa. A private agent may contact you on behalf of a bank, trace a financed vehicle or arrange its voluntary return.…
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