The National Credit Regulator and the National Consumer Tribunal are ineffective to the extent that individuals and companies are turning to the courts to obtain justice on behalf of the consumer.
What is a garnishee order and how does it work?
When you are in financial trouble, debt counselling can provide you with a solution that can help you find your way back to financial stability and with a Constitutional Court’s ruling earlier this year, the garnishee order as we know it could be a thing of the past.
Reckless lending is taking knocks, left, right and center
Reckless lending is a huge financial burden on some and is still prevalent across South Africa today. This occurs when credit providers enter into a credit agreement and the debtor does not have the means to pay back the amount. Never mind covering the cost of living expenses.
The Sad Truth About Garnishee Orders. – The cost of living has become very high over the years, with people still on the same salary. With the ever increasing inflation rate, people are neck deep in debt to make ends meet. Most people take out a number of small loans with the intention to pay them back quickly. But we all know most of the time that never happens! When you are running low on funds and apply for a loan, any offer looks good, since it will solve the problem at that moment, and people often disregard the exorbitant rate of interest. Continue reading
A Constitutional Oversight
You may have come across the Stellenbosch Legal Aid Clinic’s (LAC) landmark garnishee application and Judge Desai’s widely applauded ensuing judgement. Voraciously covered by the media, the high court case, relating to emolument attachment orders (EAOs), informally termed ‘garnishees’, dramatically unfolded in the Western Cape High Court on 8th July 2015, culminating in a resounding ‘victory for the poor’. Continue reading
EAOs aka Garnishee Orders Ruled Unconstitutional
Yesterday, July 8, 2015 marked a groundbreaking victory for South African consumers, as High Court Judge, Siraj Desrai ruled in favour of 15 consumers represented by the Stellenbosch Legal Aid Clinic (LAC), in the high-profile court battle over Emolument Attachments Orders (EAOs). Continue reading