Making A Better World - Milton Louw

http://www.taramo.me DO NOT USE THIS. They are a Namibian company that will charge you N$ 8.00 per week though there is no service you receive. They have this in their fine print and not on their front page. Hidden in their Terms of Service: 5. PAYMENT To participate, you must sign-up at www.taramo.me .Part of the mobile services provided by us will include reverse billed premium rate text SMS services. When you participate, you agree to be bound to the following: We charge a weekly subscription of N$ 8.00 (excluding VAT). Because it is a weekly subscription, subscription is not automatic, therefore, if you wish to continue to use this services, you must subscribe again. You receive on the first day a free grab-feed activation; We charge a daily fee of N$0.99 grab-feed activation; All transactions and/or payment are final and errors are billed.

A code of conduct released this week between credit providers and debt counsellors is expected to significantly improve the debt counselling process and possibly puts South Africa at the forefront globally in dealing with over-indebtedness. An estimated 8-million South Africans are indebted with 110 000 people under debt review making debt repayments of R214-million a month with total outstanding debt at R40-billion of which 75% is made up of mortgages. Every month a further 7 000 people apply for debt counselling. There are 92 000 people whose home loans are now delinquent and face repossession. The codes of conduct seek to streamline the debt counselling process by standardising the content of debt proposals and payment plans; establishing an ombudsman scheme to resolve disputes; and providing clear guidelines for debt counsellors to determine whether consumers are able to afford to take on more debt. As part of this code of conduct, realistic timeframes have been set for the...

Your bank manager looks at your credit report – Not at You. This is one list you never want to be on – the Credit Blacklist. A bad credit rating can put your life on hold for many years as it makes getting credit impossible. More and more Namibians are getting caught out, sometime unfairly, and the Namibia Consumer Protection Group felt more information must be circulated to consumers about the issue. A credit default is a black mark against your name that doesn't wash away and the three Credit Bureaus, (Transunion ITC, Compuscan and Credit Information Bureau Namibia) currently list over 50 000 Namibians that are branded as credit lepers. I have found that mostly young Namibians are prone to having problems with credit. The advertising makes it sound so easy, “Buy Now, Pay Later”. Unfortunately, when it comes time to pay, these items are not always first on their list. This then causes problems as they start falling in arrears and eventual find themselves blacklisted. Often...