LegalAdvice

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    In Debt

    We all owe money to one or more creditors.

    Sometimes it is a lot of money owed to a bank like for example the bond on our house or the car that we bought for ourselves or the family.

    At other times it is a smaller amounts owed on a credit card or on one or more clothing accounts etc.

    All debt and the repayment of debt is however important and we should not underestimate the role it plays in all of our lives. As we know; credit providers including banks, financial institutions, clothing shops and other retailers provide information on our debt levels and our record of repaying that debt to the various credit record companies like ITC, Experian etc; and it is these records that give other retailers an indication of your credit health. They do research before they decide whether or not to lend you money or allow you to open another account. Your credit health and record are vitally important to your everyday life and financial well-being. It is to your advantage to look after your credit health.

  • alternative dispute resolution

    Have you ever heard of “alternative dispute resolution?”

    One of the services The Legal Advice Office provides to our clients, and other interested parties; is alternative dispute resolution procedures.

    These procedures broadly speaking include interventions, mediation, arbitration and other dispute resolution procedures and methods to settle disputes between two parties without proceeding with a civil court action; which could cost tens of thousands of Rands; take two years to finalise; and, if you lose, you have to pay a portion of the other person’s costs.

    Alternative dispute resolution is cheaper, quicker and more efficient.

    Here is an example of such a situation; which we dealt with during the course of this last month.

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Legal Advice Office

South Africa

Kandelaar Street, Vermont, Hermanus
Phone: +27 (028) 316 2832
Email: info@legaladviceoffice.co.za