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Can you be arrested for outstanding debt on the airport in south Africa?
Yes you can.
What is the statute barred limit in South Africa for old debt?
3 years or when the debt already had it birthday
Can HSBC pursue you for credit card debt in Dubai after you relocated to South Africa?
Eventually they will.. i suppose.
What does the state debt refers to in South Africa?
State debt in South Africa refers to the total amount of money that the government owes to creditors, which can include domestic and foreign lenders. This debt is typically incurred through the issuance of government bonds and loans to finance public spending, infrastructure projects, and other governmental obligations. High levels of state debt can impact the country’s credit rating, economic stability, and ability to invest in social programs. Managing state debt is crucial for maintaining fiscal health and ensuring sustainable economic growth.
How do you file for bankruptcy in South Africa?
Bankruptcy is a legal proceeding whereby an individual or a business can declare an inability to pay back debts. Bankruptcy allows individuals or businesses to either restructure their debt and pays it back within a payment plan , or have most of their debts absolved completely.
What services does the company known as Debt Busters offer?
Debt Busters is a debt consolidation company based out of South Africa, it has been in operation since 2008. Of all the debt management companies in South Africa, they are the largest.
Can you be arrested for outstanding debt on the airport in south Africa?
Yes you can.
What is the statute barred limit in South Africa for old debt?
3 years or when the debt already had it birthday
How long after bad debt can it be collected?
A bad debt can be collected on indefinitely. The debt is owed until it is paid or written off by the creditor or individual.
Can a debt incurred in the UK be collected in South Africa you need legal advice as an agency is after you and you are not in a position to pay this debt at the moment Should you contact the agency?
Yes it can ! Depending on how resilient the company is - they can chase you round the planet to recover their debt ! If necessary, they can even have you deported back to the UK to face a court of law ! Better to settle on an agreed repayment plan !
Can HSBC pursue you for credit card debt in Dubai after you relocated to South Africa?
Eventually they will.. i suppose.
When placed with a law firm for legal litigation can they still charge interest?
Assuming you are talking about a debt that is being collected from you, yes.
What is the statute limitations on charged off credit card debt in South Dakota?
In South Dakota, the statute of limitations for charged-off credit card debt is generally six years. This period begins from the date of the last payment or the last transaction on the account. After this time, creditors can no longer sue to collect the debt, although the debt may still be collected through other means. It's important to consult with a legal professional for specific cases and advice.
Can a debt be collected after 17 years?
In the United States, the statute of limitations on collecting a debt varies by state but typically ranges from 3 to 10 years. After this period, the creditor may no longer legally sue you for the debt, but they can still attempt to collect it through other means like contacting you for payment. It's important to check your state's specific laws on debt collection for accurate information.
How much money can you make as a debt collector what percentage of debt collected should I be receiving?
The average salary of a debt collector is 28,000 dollars. The percentage given as a commission varies from 3 to 5% of the debt being collected. In some companies, it is even a larger percentage.
If a delinquent account was never reported and it suddenly appears on your credit report 5 or 6 years later are you still responsible for that debt?
A consumer's responsibility for a debt is a separate issue than credit reporting. If you owed a debt 5 or 6 years ago, and never paid it, you still owe it. There is a statute of limitations for how long a debt can be collected, another for how long a consumer can be sued over a debt and another for how long a debt can show on your credit report.
What does the state debt refers to in South Africa?
State debt in South Africa refers to the total amount of money that the government owes to creditors, which can include domestic and foreign lenders. This debt is typically incurred through the issuance of government bonds and loans to finance public spending, infrastructure projects, and other governmental obligations. High levels of state debt can impact the country’s credit rating, economic stability, and ability to invest in social programs. Managing state debt is crucial for maintaining fiscal health and ensuring sustainable economic growth.
