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Tag Archives: south-africa

I’m in South Africa and My Husband Won’t Take Over the Property After Our Divorce

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“Dear Steve, My ex husband and I were divorced on 21 May 2010. All bond and levy payments were made up to date at the time of our divorce. He was difficult and refused to sell and wanted to keep the property at the time of the divorce. My attorneys Riekie Erasmus advised that the settlement agreement be drawn up ... Read More »

South African Debt Relief Industry Punches Creditors in Face

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Now here is something you’d never see in the United States or England, debt relief major players fighting back hard against the creditors trying to take control of how consumers are served and to fight collectively against creditor control over the process. Enjoy the statement on recent activity below. South African Debt Relief Industry Punches Creditors in Face – Click ... Read More »

Apple Virus, South African Consumer Debt, DocX Racketering, UK Debt Relief

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Fake Apple Emails Lead to Computer Virus Infection Online criminals targeting exploits is nothing new, but they are now taking a multi-pronged approach to compromising your security. They are not just exploiting unpatched flaws in your applications; when that fails they convince you to infect yourself. Take, for example, this email I received today pretending to be an invoice from ... Read More »

I’m in South Africa and My Husband is in Administration But We Need a Loan. – Rene

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“Dear Steve, I need a loan but do not work my husband works for me and he cant apply because he is under adminastration my question is can i apply than he can pay Rene” Don’t miss our free Get Out of Debt – “How To” Guide Series on a number of topics, for loads of practical advice, tips, and ... Read More »

South African’s in Debt Counselling Can Lower Credit Insurance Rates

Deborah Solomon of The Debt Counselling Industry

The Debt Counselling Industry in South Africa has announced a new insurance product to assist consumers struggling with financial troubles. In South Africa, when consumers are working with a registered debt counsellor who can put together a court approved and mandated repayment plan, up till now there has been little relief from the exorbitant fees paid to creditors when they ... Read More »

SMS Loans. Turning Your Mobile Phone Into a 800 Percent Interest Rate Debt.

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If you thought payday loans might be a problem, abused, and be too readily available to those that can least afford it, then you need to learn about SMS loans or text message loans. A SMS is a text message sent from a cellular or mobile phone. In some parts of the world, consumers can enter into payday loans just ... Read More »

Debt Relief Industry Living Groundhog Day. South Africa Can’t Think Globally.

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The other day I caught a bit of that movie Groundhog Day. That’s the Bill Murray film where he wakes up every morning and it is the day before all over. As someone who has been involved in debt relief in Ireland, UK, U.S., The Netherlands, and some in South Africa I can tell you that the debt relief industry ... Read More »

South Africa – “Banking Bullies Still Using Scare Tactics” says The Debt Counseling Industry

Debroah Solomon, of The Debt Counseling Industry, a South African debt counsellor, is speaking up about what she perceives as continued bad behaviour by the banks. Solomon states, “I am compiling a list of case studies involving banking institutions and the tactics used to terrorise some debtors. The studies display many common features, including scare tactics rather than respect for ... Read More »

South African National Credit Regulator and Magauta Mphahlele in Crosshairs

Recent activity by the National Credit Regulator, and the CEO of the creditor controlled NDMA, Magauta Mphahlele, has created a flurry of activity among South African debt counsellors who are not happy that the voluntary debt mediation project (VDMS) has been cancelled. The new process sounds very similar to a UK or Canada IVA type arrangement or a U.S. non-judicial ... Read More »

I’m Living in South Africa and Traveling to the U.S. But Have Unpaid NatWest UK Debts. Will I be Arrested at Heathrow? – Warren

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“Dear Jon, I was living in London in 2004/2005 on a 2 year working holiday visa. I left to come back to South Africa and never closed my Natwest Account or cancelled my vodafone contract (the guy on the customer service line said I can just let the contract run out, it was for 18 months, but he was misled ... Read More »

Go Ahead, Take a Guess Which Countries Have the Most Credit Card Fraud

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Now here is a study that will probably surprise some people. A recent survey by the Aite Group and ACI Worldwide of consumers who experience credit card fraud found some countries are much more at risk of consumers having their credit cards used fraudulently. As someone who has lived and travelled to many countries outside of the United States, a ... Read More »

South Africans Finding it Tough to Save Money

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People in South Africa are finding it tough to save money as many people are around the world. The latest saving rate published by the South African Reserve Bank found the national rate of savings as a percentage of GDP has declined. It appears that while households hold on to the 1.7 percent savings rate, household debt increased as more ... Read More »

Return-A-Pet Scam Preys On Victims Of Lost Pets

It’s annual pet scammer week! That’s a lie. But it sure feels like it. Eric Stein was charged with running an investment scam through Return-A-Pet LLC. Return-A-Pet was a New York company that allegedly facilitated the return of lost pets to their owners. Stein was out on supervised release for a previous investment fraud scheme and netted at least $500,000 ... Read More »

Personal Finance Struggle Universal. Many Dealing With Trying to Make Ends Meet.

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When you are struggling to find enough money to get through the month or make ends meet, it an feel as if you are all alone in that effort. Money troubles are internationally universal and experienced by people around the world. Just yesterday I wrote about consumer debt levels increasing in Australia and Canada. The reality is that since the ... Read More »

I lost My Job in Dubai and I’m Now in South Africa With Debt. – Vaalseun

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“Dear Steve, In 2008 I moved to Dubai to work in the advertising industry. My company applied for a credit card on my behalf. Shortly after my arrival the recession hit, and I had to rely on my credit card more and more. In the beginning I could manage the repayments just fine. However, after some period of time, may ... Read More »

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