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Topic: Debt | Show questions and answers for all topics
You will not be able to access any social grants in future until your debt is paid.
The school should contact you and give you three months to settle the account. But they do not need to tell you if they intend to hand over the account to debt collectors.
You can approach the School Governing Body and negotiate a revised repayment plan.
Approach the business you owe money to and try to negotiate a settlement. Then go into debt counselling.
SARS would have considered that you had defaulted on your previous payment arrangement. That would have weakened your case to be granted another payment deferment arrangement by SARS.
The best thing to do is to go to the bank and explain your position to them.
If you go into debt review, you will be protected by Section 88 while the debt review takes place.
Yes. You can go into Debt Review and possibly work out a new repayment plan.
The in duplum rule limits all interest and other payments on debt to double the amount of the original debt.