Debtfree DIGI Jan 2016

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Professional Debt Counselling Attorneys Tel: 021 872 1968 11 MARKET STREET, PAARL www.steyncoetzee.co.za
INDUSTRY CONSUMER NEWS FLASH For daily debt counselling news in 3 minutes or less visit www.debtfreedigi.co.za Debt Review TV <strong>Jan</strong>uary saw the launch of a new debt review information service called Debt Review TV. DRTV is essentially an online ‘TV’ channel all about debt review and debt counselling. The project is still in it’s infancy but the aim is for DRTV to be the easiest place for consumers to watch online news about debt review ,and to find videos and TV shows all about dealing with debt or debt review. Already consumers can visit the online youtube.com channel and watch TV show episodes like: Carte Blanche and Money Matters as well as the SABC’s Rands with Sense all of which have content about debt review. Also on DRTV are web episodes of Media24’s, Finance24, SABC News and lots of interviews with Debt Counsellors. Watch Videos Now: https://www.youtube. com/channel/UCHPA46jtA6fgoephpbIzQtQ Reckless Lending Court Case A number of years ago (before the National Credit Act kicked in) Mr. & Mrs. De Beer were approaching retirement age and were planning for their future. They settled upon the idea of a small holding with some farming. Mr. De Beer (and later Mrs. De Beer) used their payouts upon retirement to buy a small holding and begin farming. Things did not go exactly according to plan and so they had to turn to the bank for a loan... or two... or three. At one point they even tried to sell the property but that fell through. The couple were well into their 60s. Recently the bank tried to take legal action against the couple and to sell off the property. The couple with the help of some legal experts raised the defense of Reckless Credit granting by the bank. They were able to do so since the last big loan (they asked for R300 000 and were given R500 000) was after the NCA came into effect. At that time the bank were dealing with both the couple and their daughter (as surety). Since 2007 credit can be declared ‘reckless’ for a number of reasons such as if the consumer never understood what they were signing, could not repay what was demanded or if the bank never checked all the facts and figures or never provided the right papers to the consumer. The court case in regard to this particular matter took place at the end of 2015 and the verdict recently became available. Some of the main points which came to light were that The couple were older and faced having to settle the loan at the age of 85+-. This would put them well beyond the age were they might realistically be able to earn and pay. The property was their main residence/only home. As such selling off the property would leave them homeless. As in many other cases ABSA had lost all the original documents. The consumers also said they were not properly evaluated by the bank. At one point, the couple
Page 1 and 2: South Africa’s debt counselling m
Page 3 and 4: Chris van der Straaten, Head: PDA 0
Page 5 and 6: CONTENTS NEWS Complaints Nedbank In
Page 7: Switch to easy • Individual, dedi
Page 11 and 12: South Africa’s leading Debt Couns
Page 13 and 14: NEWS CONTINUED Insurance Company) g
Page 15 and 16: The situation may arise where a con
Page 17 and 18: is granted. If you have problems me
Page 20 and 21: Protect your credit profile Take im
Page 22 and 23: Complaining to the NCR (as per the
Page 24 and 25: How To Complain If you have tried a
Page 26 and 27: head of Nedbank Debt Review Center
Page 28 and 29: PDAs - Can We Do Without Them?
Page 30 and 31: agree to use PDAs (through the cond
Page 32 and 33: Go Team! How to build a well oiled
Page 34 and 35: it can be an ice breaker to help yo
Page 36 and 37: generally do not understand it and
Page 38 and 39: IN A NUTSHELL Make 2016 your WINNIN
Page 40 and 41: 1. Improved collection methods - Th
Page 42 and 43: Debt Counsellors Associations Annou
Page 44 and 45: DEBT REVIEW AWARDS 2014 WINNER DEBT
Page 46 and 47: click the c Service D Debt Counsell
Page 48 and 49: Debt CounsellORS Gauteng KwaZulu- N
Page 50 and 51: National Debt Advisors Fighting For
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National Debt Advisors Fighting For
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WEBSITE | www.debt-therapy.co.za de
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Western Cape Credit Matters South A
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Support services Akani Solutions In
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LEGAL Liddles & Associates “It al
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PAYMENT DISTRIBUTION AGENCIES DC Pa
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CAPITEC CONTACT DETAILS Form 17’s
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ABSA CONTACT DETAILS 0861 22 22 72
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NEDBANK CONTACT DETAILS & ESCALATIO
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DEBT COUNSELLING COMMUNITY SUPPORT
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Debtfree DIGI Jan 2016

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