Hallo. I owe FNB R500 000 in credit card, revolving loan and personal loan debt. My business failed …

Hallo. I owe FNB R500 000 in credit card, revolving loan and personal loan debt. My business failed and I have nothing left. I live with my fiance in his house, do not own a car or furniture. I have absolutely nothing they can take nor a job. Is it better to file a case against FNB for reckless lending, better to sequestrate, or will the best be to do absolutely nothing seeing that I have no assets to protect. I do however have a small retirement/life policy. Thats all. I am 50 years old. Please advise

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Hi i was wondering, is there a piece of legeslation governing the conduct of commercial lenders. Req…

Hi i was wondering, is there a piece of legeslation governing the conduct of commercial lenders. Requirements for due dillegence, risk assesment or some other statutory imposed requirement. I know the national credit act doesnt cover juristic entities but i think its closer than general law. 

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Good day, I am currently under debt review but a company called sun finance still offered me a loan …

Good day, I am currently under debt review but a company called sun finance still offered me a loan against my car. They said it doesn’t matter if I am under debt review, they are going to say that thay are buying my car from me and I am buying it back. The loan is for R10 000, I have to pay the back R13 000 but every month that I cannot pay the full R13 000, I have to pay the renewal fee of R3000. Is what they have done legal and is there a way to get out of this situation as I am not financialy capable to pay this amount.

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