If you are 6 months behind on car payment in South Africa, your credit provider is actively initiating legal proceedings to repossess your vehicle. However, they cannot legally tow…
Read moreFor many South Africans, vehicle financing is not a luxury, it is a critical tool for maintaining employment, transporting families, and conducting daily life. When financial emergencies…
Read moreIn legal terms, car repossession is the forced return of your vehicle when you default, but it does not clear your debt. If the bank sells it for less than you owe, you remain liable…
Read moreOnce a summons is issued, it typically takes 4 to 12 weeks to get a court order for car repossession. The repossession of a car cannot happen overnight, even if you ignore the bank….
Read moreIf you have recently fallen behind on your vehicle finance payments, or if you are staring at a bank statement knowing you cannot make your next instalment, you are likely in a state…
Read moreTo lawfully repossess a car in South Africa, a bank must follow a strict legal procedure under the National Credit Act. They must wait 20 business days after a missed payment, issue…
Read moreReceiving a letter of demand or a notification that your bank intends to repossess your vehicle is terrifying. If you are facing car repossession or have fallen behind on your vehicle…
Read moreThe car repossession process in South Africa legally requires the bank to issue a Section 129 notice after 20 days of arrears. If unresolved within 10 days, the bank must obtain a court…
Read moreThe sight of an empty parking spot where your vehicle once stood is a traumatic, highly stressful experience that thousands of South Africans face every month. However, what many consumers…
Read moreLosing a home is the ultimate fear for any South African. The emotional and financial toll of facing a sale in execution of a house can be devastating, impacting your family’s stability…
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