Moenie leen vir loafers
Vriende en familie is daar om mekaar te help in tye van nood. Maar waak daarteen om almal se OTM te word In die beste families en vriendekringe kryjy altyd daai een wat die heeltyd haar beursie by die huis vergeet of ‘n “vinnige lening tot more wil maak. Die probleem is net: More is […]
Here is why Government’s debt forgiveness plan is a bad idea
Rather than helping consumers, the debt forgiveness programme being mooted by government will plunge consumers deeper into debt in the long term, according to a leading economist. The National Credit Regulator (NCR) briefed Parliament’s Standing Committee on Trade and Industry on Tuesday morning about the state of South Africa’s credit market and its financial performance, […]
Another debt forgiveness plan ‘is not a good idea’
The proposed “debt forgiveness plan” whereby consumers’ outstanding debts older than three years will be erased will plunge consumers deeper into debt in the long run, experts say. The new legislation means if a consumer has not paid any instalments on the outstanding debt for three years it is said to have expired and must […]