Debtfree Magazine January 2020
The January issue of SA's free debt counselling and debt review magazine. We look at the recent R1 million fine handed to a Debt Counsellor and ask if this can be a good thing somehow for the industry. We also have news, tips, advice and more.
The January issue of SA's free debt counselling and debt review magazine. We look at the recent R1 million fine handed to a Debt Counsellor and ask if this can be a good thing somehow for the industry. We also have news, tips, advice and more.
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QUESTIONS FROM READERS
Good day...in 2009 I went to a debt review company they let me fill in
a blue form with no copies for me. The next day I went back to them
to tell them I want to cancel the debt review, they let me sign a pink
form and again I ask for copies, they said I don’t need copies.
I went to the bank to make a loan … the bank told me I was flagged
they can’t help me. [I] went back to the debt review company and they
closed down...don’t exist anymore.
My payments [were] never reduced … they never helped me.
My girlfriend made a loan to finish all my accounts.
I’m flagged [at the credit bureaus] since 2009 to 2020... direct axis
told me I qualify for R250,000 loan I told them I only need R15,000
... in 48 hours I got a loan, how, I dont know...then went back to
my bank just to see if I was really flagged and the bank said I’m
flagged...now what, I came to understand that if I’m flagged I don’t
qualify for loans, why is Direct Axis giving me this loan?
I need advice or help to clear my name please.
* Letter has been slightly edited for clarity & brevity.
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