Car repossession: understanding your rights as a borrower.
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GUEST - Nerosha Maseti, Lead Ombud for the Banking Division at the National Financial Ombud Scheme
South African consumers across the board find themselves increasingly under pressure due to the high cost of living and other factors outside their control, such as the increasing food and petrol prices, with most of their budget going towards essentials.
Car repossession is a stressful process that nobody wants to go through. However, if you find yourself in this situation, it’s essential to understand your rights and to know how to respond to a repossession notice.
South African consumers across the board find themselves increasingly under pressure due to the high cost of living and other factors outside their control, such as the increasing food and petrol prices, with most of their budget going towards essentials.
Car repossession is a stressful process that nobody wants to go through. However, if you find yourself in this situation, it’s essential to understand your rights and to know how to respond to a repossession notice.