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Filter: Debt
Suretyship vs Guarantee. What’s the difference?

02 May 2024

In this article, we look at two primary forms of security commonly found in financial transactions, namely suretyship agreements and... guarantees, and explain the difference between these two forms of security.

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188
Article
What legal costs can a creditor charge a debtor to recover outstanding debt?

08 February 2022

When times are tough, you may not get around to paying all your bills. But be warned, if neglected for... too long, it will inevitably lead to letters of demand for payment along with interest, charges and legal fees. As your outstanding obligations grow, you may wonder whether all these costs are allowed? Lets unpack what the law says.

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315
Article
Can a bank transfer funds from one account to another without your permission?

11 November 2019

I have two accounts with the same bank. I am in arrears on my home loan payments but will be... receiving money into my savings account. It’s not my money, but money from my sister that I must use to help arrange for her wedding and expenses. I’m just worried that the bank will see the money and then take it to settle my arrears on my home loan. Can they do this?

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297
Article

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