How 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…
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The 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…
Read moreDoes 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…
Read moreSection 129 Notice vs. Court Summons: Know the Difference
Falling behind on vehicle finance installments is a stressful experience that often leaves South African consumers…
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