Debtfree Magazine September 2018
SA's Free Debt Counselling and Debt Review industry magazine. What do you do if someone says they are coming to take your car? Why did the NCR remove the incentive to investigate reckless credit? Industry news and more.
SA's Free Debt Counselling and Debt Review industry magazine. What do you do if someone says they are coming to take your car? Why did the NCR remove the incentive to investigate reckless credit? Industry news and more.
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IF THEY SAY THEY WANT YOUR CAR<br />
OUTSIDE OF<br />
DEBT REVIEW<br />
If you receive such a call and are not yet in debt review then this may<br />
be a serious indicator that the time has arrived to enter debt review.<br />
You have the option of handing the car over to the collections agent so<br />
that they can get their commission. If you manage to find the money to pay<br />
the arrears you should be aware that there will be all sorts of extra costs as<br />
well (like storage fees etc.). No, it’s not really fair but that’s another way<br />
they make money off you. If you can’t come up with the money then say<br />
goodbye to your car which will be auctioned off. It is very hard to ever get<br />
your car back. Be warned.<br />
If you decide you do not want to lose your car then you can simply tell<br />
the collections person:”No” and send them on their way. They will try to<br />
convince you to sign forms or that there will be many extra costs or that
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