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Lending to a Friend or Relative – When Must You Register as a Credit Provider?

Lending to a Friend or Relative – When Must You Register as a Credit Provider?

Credit Law

“In life, we never lose friends, we only learn who the true ones are” (Unknown) Lending money to a friend or family member in need sounds like a natural and informal sort of thing to do. But beware – if relations sour and your friend/relative can’t or won’t repay you,...
The Trouble with Family Loans: A R540,000 Lesson

The Trouble with Family Loans: A R540,000 Lesson

Credit Law, Debt Recovery, Uncategorized

“How sharper than a serpent’s tooth it is to have a thankless child!” (Shakespeare) “Family helps family in times of need” – that’s been part of human culture since long before the dawn of history but be sure to observe all legal formalities. A recent High...
Unemployed, Can’t Pay Bond and Credit Instalments? “Credit Life Insurance” May Save You

Unemployed, Can’t Pay Bond and Credit Instalments? “Credit Life Insurance” May Save You

Credit Law, Employment and Labour Law, Personal Finance, Property

If you are one of the many employees retrenched or put on short pay or unpaid leave as a result of the COVID-19 crisis and lockdown, you will be wondering how to cover the monthly instalments on your mortgage bond and other credit agreements. You have no doubt heard...

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