Regain Control of Your Finances

The Legal process of Debt Counselling allows you to pay lower installments and negotiate lower interest rates on your debt. Pay Less, Why Not?

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Debt Counselling Works - don’t fall for the lies and misleading adverts!

Debt Counselling Works – don’t fall for the lies and misleading adverts!

We’ve all seen them by now, posts on social media talking about new High Court Rulings, pictures of Pres. Ramaphosa smiling about the new debt relief process, happy people because government has written off their debt, Remove debt review, or debt counselling listing… The list goes on! Guess what, THEY ARE ALL FORMS OF PROHIBITED ADVERTISING!

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So what is a local business anyway? OK, you get it, I know. You understand the logic behind supporting local businesses. It makes sense after all – their money will circulate locally to… So what is a local business anyway?

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Time-Frames, Due Dates and Deadlines

Time-Frames, Due Dates and Deadlines

Time manages and influences everything that we do. When we go to bed, when we wake up, what time we start work, when we eat lunch, when we can drive, etc. As important as all of these are, time also manages many of the processes that are used in our Credit market. This article will give you an idea of what some of those processes are and how you can make sure that you are not “out of time”.

Due…

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Lockdown Levels - Stage 4 what we Know

Lockdown Levels – Stage 4 what we Know

South Africa’s President, Mr. Cyril Ramaphosa announced recently that the total lockdown that we have been in since the 27th of March 2020 will start changing to a staged lockdown. There are going to be 5 stages, 5 being the equivalent of the current total lockdown and stage 1 being the least stringent.

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Under debt review and can't afford to pay?

Under debt review and can’t afford to pay?

Through the years that debt review (or debt counselling) has been in our market, it has always been difficult for a consumer who genuinely cannot afford to pay their installment, to get assistance. When going under debt review, a court order is granted, and only the court can relax or vary the terms of the order. Even if the creditors, debt counsellor and consumer all agreed, you would still need…

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Demystified - The UIF COVID-19 TERS Process

Demystified – The UIF COVID-19 TERS Process

There is so much confusion in the market about the UIF COVID-19 TERS process, that we thought it might be beneficial to draft a short article to simplify it. This article is aimed at small, local businesses, but the process is similar for bargaining councils and larger businesses.

If you are struggling with the process, and haven’t been able to come right with lodging a claim. Stop, read this…

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Bond payment options during the COVID-19 lockdown

One of the biggest worries at the moment is whether you will be able to pay your bond or not.

Here is some advice on the bond payment options available to you if you hold a bond at the main South African Banks.

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African Bank Credit Life insurance claims

This is another post in our guidelines series during the lockdown crisis. In this one, we tell you about how to submit a credit life insurance claim on an account with African Bank.

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Tips and Tricks to deal with reduced income during the COVID19 crisis

There is so much information being thrown at us in the media at the moment and all of this just leads to more confusion. This article is meant to give small, relevant bits of information on some of the more important financial aspects of the #lockdown and #coronavirus crisis. Hope that these tips and tricks give you some help. If you feel that you have gained a bit from this article, please hit…

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BEWARE - COVID related Email Scam

BEWARE – COVID related Email Scam

I woke up this morning to an email from Standard Bank in my inbox. Nothing exciting about that, except that this one was a little different, it had some GOOD NEWS!

The Subject line informed me to “Redeem Your SBSA-COVID-19-Financial Relief Now”! Wow, awesome stuff, just what a lot of people needed at this time.

The body of the message was even more exciting, the government was giving me…

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The job of the National Credit Regulator in South Africa

The National Credit Regulator (NCR) has a vital function to perform. They were established by the National Credit Act (the Act) They are tasked with ensuring that the various rules, regulations of 2005 and are responsible for the regulation of credit in South Africa.

As part of their mandate, they must carry out the following functions;

Education

Research

Policy Development

Registration of…

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FNB offers Payment Relief amidst Coronavirus Crisis

FNB is the latest bank to release news that they will be offering payment relief to clients during the #coronavirus crisis.

Clients who bank with FNB and whose accounts are in good standing will qualify. The bank will be offering three months (April, May and June 2020) of reduced or zero payments. The decision will be made based on each individual client.

Clients applying would need a…

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How to Claim UIF Compensation during the Coronavirus Crisis - Part 2

How to Claim UIF Compensation during the Coronavirus Crisis – Part 2

The UIF has released a plan of action on the process to be taken for applying for benefits during the #coronavirus crisis. It is a pdf and downloadable below.

Please read our lead article to see a detailed write-up and to access the downloadable forms.

Corona-Disaster-UIF-Plan-23-MARCH-2020.pdfDownload

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SA Home Loans - Arrangements for Debt Review clients

SA Home Loans – Arrangements for Debt Review clients

SA Home Loans has put plans in place to offer assistance to consumers receiving “no pay” during the #coronavirus lockdown. Consumers affected will be able to avail themselves of this offer from April 2020 as all consumers should still be able to make full payment in March 2020.

To make use of this offer, supporting documents showing the situation will need to be submitted through your debt…

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ABSA announces payment relief program for clients

ABSA Bank announced that it will be offering affected clients a special payment relief program during the #Coronoavirus Crisis.

This relief will be available to all clients; Personal, Business and Corporates will be able to avail themselves of the offer.

Qualifying clients will be able to reduce their debt repayments or to put payments on hold for three months. However, interest does carry…

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Standard Bank personal account payment holiday

You have probably already heard that Standard Bank has extended a payment holiday to its small business clients and students. You might have wondered whether this offer will be made to their personal accounts as well?

Standard Bank has also now extended that payment holiday to certain categories of personal accounts.

Who qualifies and the Process

Anybody earning less then R7500.00 p/m…

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Business Owners - Do you have a .za Domain

Business Owners – Do you have a .za Domain

With the #Coronovirus crisis doing the rounds, Government has issued new regulations to deal with it. One requirement is that all web sites ending with a .za domain must link to the Department of Health Coronavirus portal. The Gazette is available for download below.

To make sure that you are compliant, please add the link to your frontpage. The link must point to https://www.sacoronavirus.co.…

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