How to Avoid a Section 129 Notice Before It’s Issued
Falling behind on your vehicle finance is a stressful experience, but the initial phase of default offers a critical…
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Can You Sell a Financed Car While in Arrears in SA?
When financial hardships hit, missing vehicle instalments can quickly become a source of stress. Many South Africans…
Read moreBank Collection Calls: Know Your Consumer Rights
If you have fallen behind on your debt obligations, the immediate aftermath is often characterised by an overwhelming…
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Cannot Afford Your Car’s Balloon Payment? Your Options
A balloon payment, officially referred to as a residual value in vehicle finance agreements is a lump-sum payment…
Read moreHow Arrears Interest is Calculated on Vehicle Finance
When a South African consumer misses a vehicle finance payment, the financial impact extends far beyond a temporary…
Read moreHow to Negotiate a Car Payment Holiday with Your Bank
A payment holiday, often referred to as payment forbearance or a repayment break, is a formal, short-term agreement…
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The 20-Day Arrears Rule: National Credit Act Explained
Under Section 130(1), read in conjunction with Section 129(1)(a) of the National Credit Act 34 of 2005 (NCA), a…
Read moreCan You Skip a Car Payment Without Penalties in SA?
Skipping a car payment without prior written approval from your bank will always trigger financial penalties, default…
Read moreThe Ultimate Guide: What to Do If You Missed a Car Instalment in SA
Missing a vehicle instalment is undeniably one of the most terrifying financial experiences a South African consumer…
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Does a Section 129 Notice Mean Immediate Repossession?
When South African consumers fall behind on their vehicle finance installments, the arrival of a formal legal letter…
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