I have 2 chapter 13’s that are dismissed. The reason I have 2 is bcz I did not use an attorney. I was trying to stop an eviction, but when I went to try to add another month’s rent to the bankruptcy, but the guy filed another one. About a month later, I ended up losing my job. They are scheduled to fall off in January and March 2021. Since I’m looking to purchase a home soon but still there. I am currently enrolled in CARL OFFICE ONLINE and I must say, I am loving it thus far. I’m doubling it up with your podcast videos and learning A LOT! Thank you. I’m ready to join the millionaire club!!
Thank you Nicolette... Speaking of reckless lending I once opened an account with this clothing store when I was just a student. Lol it was Soooo nice Taking the clothes knowing that I will only have to pay at the end of the month until I was done with school and no longer getting any money from my parents 😞 I stayed a while with no employment meaning I couldn't pay for the debt and only later did I realise that I was also impacted by it for me to get the job as I work in a FSP. But it made me wonder now that I'm grown how the heck do these lenders allow students to open account knowing that they don't have any steady income 🙆
Bathong eish in lesotho you will pay a couch in installments at either any furniture shop for about 10 years that is worth 3000 rands in cash...how i wish this can be regulated shame..good to follow you, because of you we decided fo change our financial game and you are a blessing to my family...🎉trust me a lot has improved
A point to also take into account in re debt and interest is that in law we have what we call in duplum rule. This legal principle prohibits creditors from charging interest to a point where it exceeds the principal debt amount. Normally the period of prescription is 3 years and if the interest on your debt during the period where you have been defaulting exceeds the principal debt, you have a right not to pay the excess amount. Also prescription of debt occurs when there been absolutely no communication between the creditor and yourself for , say for example, 3 years.
Hi Financial Bunny, thank you for educating everyone on prescription. However there are alot of things that go into determining how prescription is calculated. I think your video should have gone into detail with that aspect. Legal action can be taken against you even if your debt has prescribed it is the duty of the Defendant to raise prescription in a special plea, then the Plaintiff's case is doomed. However there are other factors that are considered e.g has the Defendant been out of the country, has the Defendant been institutionalized, has the Defendant made any payment because those factors interrupt prescription. Different debts prescribe at different times. I just wanted to add that to the comments. Understand your debt, understand that judgment can be taken against you and the procedures for it to be removed. I encounter this problem all the time with Defendants so as consumers we need to understand consequences to our actions. Thanks for the video.
Thanks for the comment I was worried people actually think it's straightforward, in debt counselling people are in ish because of thinking that they can just be silent for 3 years forgetting that your score is taking a dip and will affect your employability.
Babes you're doing the World Financial a Service....some of us dont even bother to learn these things and they tend to bite us in the future...#FinancialSkhokho
Yea Navy federal gave me a really high limit. I applied and was denied at first so I got a WEB INVADER service , and I was approved for a capital one. The limit was so small lol but I took it and worked on it. Because if that it helped my credit and I believe that’s what made me finally get approved for navy fed with such a high limit. they're still working on increasing the capital one since it was so low. All in all I’m satisfied.
Kanti you're a Rhodent? I remember the jac labs..wish my NSFAS was part of this because wow! Can that debt just "go away " lol *Love this look on you, you look gorgeous mama*
So informative, tell if you never had a debt from certain debt collectors, now you wanna apply for bond or car the report came as your debt is 13k and installment is 9k,what should you do? And this is not reflecting on ur score zone
Financial bunny I just saw something on my credit score so I had a small loan with a company which I opened in October 2020 I've not acknowledged or spoken to this company ever since now I just realized another company purchased this debt in September 2023 because there's now a payment on the old account which Is closed for Sep 2023. Is this lawful or is this debt still prescribed. What is my recourse can I still dispute it?
Thank you so much Nicolette. So should it be removed on your credit record, how does one then start fixing their record? Will it appear should one e.g. want to get a car with banks, will they see you've had a debt that has prescribed?
What don't make sense to me is that 2 companies on my credit report remains and reflect as active. The one credit debt were opened in 2009 and the other in 2010 yet both didn't take any legal action against me, I've got no judgments against me nor I'm I blacklisted. I've never made any arrangements with the company's, when one of them contacted me I asked them like they say I owe them they must send prove and that was 2012. Ever since I never heard from them. But yet on my credit report they remain reflecting as active but for year's their are not in contact with me. How do I get them off my credit report?
Yolanda, you have acknowledged the debt and reactivated account. Regretfully you will have to pay up to date henceforth. However, if you can afford, try offering settlement sum to avoid interest and like.
Can somebody advice on what happens when the bank like Capitec hands you over for the debt you have with them. Honestly I owe them a lot and I can't even afford any arrangements
Heh 🤔 weitse you are reminding me of my story. I actually need to share it on my channel. But basically someone opened accounts in my name and when I did find out one of the debts was prescribed. Thank you for this. When I was going through the whole situation I went through the most trying to look for what to do. This is gonna help alot of people
Tjoo I m in that situation Nicolette. I did pay the lawyers for few months , later someone told me about prescription, I then stopped. I went to the same bank asking for a loan which they gave me, then I had audacity to te them I don't owe any 1,the fact that the bank gave me a loan again mean I don't owe them. As we speak the Sheriff was here bringing me docs, what should I do.
I was given a car finance debt while on a 3 year contract job 🤭. They repossessed my car and now I have a short fall. I haven't been able to pay any cent from the short fall for over year now coz I'm now back to school studying n can't afford. Does this count as prescription debt and also as reckless lending?
very informative.... please do a video on what happens when you sign an acknowledgement of debt and you don not pay with a financial institution regarding funds that were wrongly deposited into your own personal account
Hi varsity debt is a nightmare.You will be handed to varsity's lawyers next you are now floating from one debt collector to another.Now it has been over a 10yrs the debt has prescribed but i wanted to go back and complete the degree,'Vumbu' historical debt.Wavuka uLulu!👏🤦
🤣🤣🤣🤣🤣🤣🤣🤣 "Sites that their mothers and Jesus Christ would be very very ashamed to see them go to...... Not that I know them, it's important to know the research"! 🤣🤣🤣🤣🤣🤣🤣🤣🤣
Hey Nicolette im using FNB as my brokerage firm individually so but to be quite frank I only used it because a friend advised me to and just didnt consider others company so i could help with me, as "according to your knowledge not because you are giving me financial advise." PLEASE!!
If I may ask while we are on the subject of investments, what do you know about Amazon and Netflix investments? Are they reliable? Seeing that its normally a telephonic conversation, how safe is it and how do I know if I'm talking to the real employees and not been scammed? Its a mouthful I know but you seem to know your story so hopefully you can help??
Government was supposed to clear some of our debts but it's alright I guess,they made alternative arrangements i believe. This is why The President initially went after the banks infuriated as the funds weren't made available to the people. Sounding better . . . Guess you got yourself checked out 😊❤💐
Hi Nicholette. Luv the channel. I have been under Administration for almost 20yrs. The deduction obviously coming direct off my salary. I just googled that a Admin Order lasts 10 yrs. Is this the case and how do i have that removed off my payslip as i tent to think that hinders my applications many times. Currently i have a good credit record.
Yea Navy federal gave me a really high limit. I applied and was denied at first so I got a WEB INVADER service , and I was approved for a capital one. The limit was so small lol but I took it and worked on it. Because if that it helped my credit and I believe that’s what made me finally get approved for navy fed with such a high limit. they're still working on increasing the capital one since it was so low. All in all I’m satisfied.
Hi Nicole....Thanks for this I really find it helpful.....Please make a topic on cash sequestration and how it affects a person in future...really need to understand this process as well...Love your blog
I can listen to you the whole day..... You're born to do this my dear....
We're grateful to God for such knowledge shared for free...
Keep well..
🤣🤣🤣🤣the way you telling this story finished me
Thank you Nicolette you really helping us alot you right our true financial leader
I am loving this channel thank you Nicolett the things you talk about are such an eye opener👏👏👏👏👏
You spelt Nicolett like chocolate. She is sweet though ☺️
@@JabsMajozi the auto correct are not doing justice thanks
Well said and it’s really so nice to see what you went for to Uni.....well done📚🎓
I love you Nicollete ❤️. This video has helped me ❤️❤️.
Lol You Know Them Nicollete !!! 😂😂😂
I have 2 chapter 13’s that are dismissed. The reason I have 2 is bcz I did not use an attorney. I was trying to stop an eviction, but when I went to try to add another month’s rent to the bankruptcy, but the guy filed another one. About a month later, I ended up losing my job. They are scheduled to fall off in January and March 2021. Since I’m looking to purchase a home soon but still there. I am currently enrolled in CARL OFFICE ONLINE and I must say, I am loving it thus far. I’m doubling it up with your podcast videos and learning A LOT! Thank you. I’m ready to join the millionaire club!!
Thank you Nicolette... Speaking of reckless lending I once opened an account with this clothing store when I was just a student. Lol it was Soooo nice Taking the clothes knowing that I will only have to pay at the end of the month until I was done with school and no longer getting any money from my parents 😞 I stayed a while with no employment meaning I couldn't pay for the debt and only later did I realise that I was also impacted by it for me to get the job as I work in a FSP. But it made me wonder now that I'm grown how the heck do these lenders allow students to open account knowing that they don't have any steady income 🙆
T£L£~GR~AM
@Wilhel_Dennis
Like how 💔💔💔
That’s my financial bunny 🔥🔥🔥🔥Thank you bunny for this video you’re giving us useful tips !
Just Love the way u explaining thangs so that we as mzanzians can understand & relate thanx a million & damn hot...
Am glad I could help
Ws=_app
+=1=(8=0=2)=2=8=7=6=5=3=9=.
Thank u so so much Nic! 🇧🇼🇧🇼🇧🇼
Bathong eish in lesotho you will pay a couch in installments at either any furniture shop for about 10 years that is worth 3000 rands in cash...how i wish this can be regulated shame..good to follow you, because of you we decided fo change our financial game and you are a blessing to my family...🎉trust me a lot has improved
A point to also take into account in re debt and interest is that in law we have what we call in duplum rule. This legal principle prohibits creditors from charging interest to a point where it exceeds the principal debt amount. Normally the period of prescription is 3 years and if the interest on your debt during the period where you have been defaulting exceeds the principal debt, you have a right not to pay the excess amount. Also prescription of debt occurs when there been absolutely no communication between the creditor and yourself for , say for example, 3 years.
So if i just need to keep ignoring their calls right 🤭
Wow, l just discovered your channel & my lady, l could listen to you all day.
Lol I like your energy😂 ,and I didn't know about this ,thank you
Hi Financial Bunny, thank you for educating everyone on prescription. However there are alot of things that go into determining how prescription is calculated. I think your video should have gone into detail with that aspect. Legal action can be taken against you even if your debt has prescribed it is the duty of the Defendant to raise prescription in a special plea, then the Plaintiff's case is doomed. However there are other factors that are considered e.g has the Defendant been out of the country, has the Defendant been institutionalized, has the Defendant made any payment because those factors interrupt prescription. Different debts prescribe at different times. I just wanted to add that to the comments. Understand your debt, understand that judgment can be taken against you and the procedures for it to be removed. I encounter this problem all the time with Defendants so as consumers we need to understand consequences to our actions. Thanks for the video.
Thanks for the comment I was worried people actually think it's straightforward, in debt counselling people are in ish because of thinking that they can just be silent for 3 years forgetting that your score is taking a dip and will affect your employability.
Oh I see she’s also on that Bitcoin bandwagon...hmmm interesting!!!!
Thanks Memory, u made a lot of sense
Hi, how do you know if you have a default judgement against you, also would you be granted a homeloan with a default judgement?
I had debts & they expired and had a clean record....it's wonderful!
After how long did it take to terminate
@@ribsm8911 5 yrs
Hi. How much where the debt and does the system delete all the data regarding the debt
Informative and o botsana bjang 🔥💥🔥💯
Your story time is lit😂😂😂
This is interesting information. Thank you Nicolette
@@paulmchenry7450 please stop trolling we know you not Nicolette
Love the hair so much omg. But also thank you for the video
Loved the story time.
I was shocked to learn that your debt get sold to companies and this could be the reason for collection too
Yep they do that.
@@Mowizzy1 exactly.... and after ten years.... yoh
Yes especially homeloans
Lol Nicolette, hayi the Jac Labs were noisy😆😆
15:35 - "They are lying!" 🤣
Laws may be amended but the lessons never get old🤞
Just called to check my financial status ,Thank you Nicolette one phone call at a time
Babes you're doing the World Financial a Service....some of us dont even bother to learn these things and they tend to bite us in the future...#FinancialSkhokho
I’m subscribing.... thank You for this information Nicollet
Yoh! She's so beautiful I couldn't focus
I was under debt review, and now my debts have been prescribed, how do i go about removing my name from the debt review, please advise
Hi Nicolette. What if the account is handed over to a Collections Company/Attorneys?
And your smile is beautiful, thanks for the info
Thanks for your feedback, I still have something profitable for you
Ws=_app
+=1=(8=0=2)=2=8=7=6=5=3=9=.
Yoh akamhle losisi 😊 and then all this sense she talking ☺️
What about car debt? (Would it fall under contractual or the likes of home loans?) I literally still get calls about it almost 10yrs later 😭
Yea Navy federal gave me a really high limit. I applied and was denied at first so I got a WEB INVADER service , and I was approved for a capital one. The limit was so small lol but I took it and worked on it. Because if that it helped my credit and I believe that’s what made me finally get approved for navy fed with such a high limit. they're still working on increasing the capital one since it was so low. All in all I’m satisfied.
You really know how to explain these things so simple Nicolatte
Kanti you're a Rhodent? I remember the jac labs..wish my NSFAS was part of this because wow! Can that debt just "go away " lol
*Love this look on you, you look gorgeous mama*
I used to practically live at the Jac labs or the PC lab next to student Bureau😂 I wasn't that privileged to have a laptop or PC.
😂😂Danny Crane was a Jam
So informative, tell if you never had a debt from certain debt collectors, now you wanna apply for bond or car the report came as your debt is 13k and installment is 9k,what should you do? And this is not reflecting on ur score zone
THANK YOU SISTER .
Lol... why I didn't know about....love you work!!!
Financial bunny I just saw something on my credit score so I had a small loan with a company which I opened in October 2020 I've not acknowledged or spoken to this company ever since now I just realized another company purchased this debt in September 2023 because there's now a payment on the old account which Is closed for Sep 2023. Is this lawful or is this debt still prescribed. What is my recourse can I still dispute it?
The fact that you know the sites ..😂. There was no need to explain
I'm curious, what about a prescribed debt for a car? Car papers are with the bank or debt collectors. Are you legally safe to go ask for the papers? 😅
15:52 -15:56 - Spiritual Warfare 👏🤣
NICOLLETE, I HAVE THIS JUDHENENT FROM THSE LAWYERS 4 YEARS NOW, HOW DO I RESCIND THIS
Rather judgement
Thank you so much Nicolette. So should it be removed on your credit record, how does one then start fixing their record? Will it appear should one e.g. want to get a car with banks, will they see you've had a debt that has prescribed?
On my clearscore credit report there is DMC990 aoarently iv open it on february 25 in 2017 and i have no idea of what that is its an amount of R1500
What don't make sense to me is that 2 companies on my credit report remains and reflect as active. The one credit debt were opened in 2009 and the other in 2010 yet both didn't take any legal action against me, I've got no judgments against me nor I'm I blacklisted. I've never made any arrangements with the company's, when one of them contacted me I asked them like they say I owe them they must send prove and that was 2012. Ever since I never heard from them. But yet on my credit report they remain reflecting as active but for year's their are not in contact with me. How do I get them off my credit report?
So beautiful, love your vibe..... Girl NSFAS!!!! Please tell me if this applies to NSFAS as well.
I have the same question 😩
What about TV lisense? Haibo ngaze ngazi sola😢
I'm new to you actually this is a video that made me subscribe, and im officially a follower-GREAT CONTENT!!!
Thanks for your feedback
I have something profitable for you
Ws=_app
+=1=(8=0=2)=2=8=7=6=5=3=9=.
@@user-yl5ue8nn1z Yoh! And what do we call this?
@@tshiredihemo831 You can reach me directly on whatsapp
how do you know, its prescribed accept by counting the years. does it show on transunion or credit report that it has been prescribed
No more than 5 years 🙏🇿🇦
T£L£~GR•AM
@Wilhel_Dennis
I owe Credit Card ..20 years have Passed am i Still liable
Yuuh Akasemhle uSis'Nicolett, but let me focus 😁
Thank you
Hi. Thank you for the information, if you had started paying this totten debt cz you answered and made that R100 arrangement, can you stop paying ?
Because i think its prescribed and it doesnt show on my credit profile. I am getting calls from debt collector and made arrangement.
@@yolandamhlaba6480 invest in btc to earn good profit
@@yolandamhlaba6480 +18022876539
Wsapp
I also wanna know
Yolanda, you have acknowledged the debt and reactivated account. Regretfully you will have to pay up to date henceforth. However, if you can afford, try offering settlement sum to avoid interest and like.
Anything that is not listed on my credit report, I do not pay for it shame. Andinayo imali, but NSFAS yhuuu ngase ndife😢
Same here, I only pay what is on my profile on Transunion.
so you are paying nsfas?
So how do we remove it,or stop it from affecting my credit record
Thank you, i didn't know this
Not mad that this video and channel came up my feed.
Capitec has reckless lending. Ai those people can play with the system for us to qualify for debts we don't afford
Go into the branch and ask for your affordability assessment
@@masiitrades9502 thanks Nicolette. Can I have the contact number
@@tiyanimthembi1732 thanks. Eish now I'm even scared of entering into that door
Lol,same thing happened to me back in 2015 luckily i was able to pay back the loan but it was hell,i was always broke.Capitec ang'sangeni
Can somebody advice on what happens when the bank like Capitec hands you over for the debt you have with them. Honestly I owe them a lot and I can't even afford any arrangements
How long has it been since u paid them? Also they said it depends on the type of debt...
Yey me too. There’s this Hammond Pole attorneys that are in my case for 2019 loan
Even myself i owe capitec for 7 years they even handed me to the lawyers
@@samkelembilini399 when did they hand you over?
@@mamabekamaphalle1760 when did they hand you over?
Heh 🤔 weitse you are reminding me of my story. I actually need to share it on my channel. But basically someone opened accounts in my name and when I did find out one of the debts was prescribed.
Thank you for this. When I was going through the whole situation I went through the most trying to look for what to do. This is gonna help alot of people
4:24 Haai maan Nicollet, why o re bolella ka dilo tse o sa di itsing?🤣🤣🤣
🤣🤣🤣🤣
The debt expires after how long 🤔 and does all debt expire or certain do and others don't 🤔🤔
Where do u get information abt a prescribed debt.. thx for the info cc
Lol the humour
Also, interest on your debt cannot be more than your principal debt, in duplum rule. 🤗🤗🤗
Yes
It may interest you to know that I have inves,tme,nt opportunities for you that can earn you $5k -10k on weekly basses through cry,pto,curr,ency
i would like to know about a gym debt if I may ask mam how long does it last for a 2 year contract
Tjoo I m in that situation Nicolette. I did pay the lawyers for few months , later someone told me about prescription, I then stopped. I went to the same bank asking for a loan which they gave me, then I had audacity to te them I don't owe any 1,the fact that the bank gave me a loan again mean I don't owe them. As we speak the Sheriff was here bringing me docs, what should I do.
I was given a car finance debt while on a 3 year contract job 🤭. They repossessed my car and now I have a short fall. I haven't been able to pay any cent from the short fall for over year now coz I'm now back to school studying n can't afford. Does this count as prescription debt and also as reckless lending?
Is this applicable to etolls?
This was very informative, siyabonga 🙏🖤
T£L£~GR~AM••••
@Wilhel_Dennis
Invest in btc with him for good profit
But how then are these company hounding one for debt over 5 years, more like a third party hounding
very informative.... please do a video on what happens when you sign an acknowledgement of debt and you don not pay with a financial institution regarding funds that were wrongly deposited into your own personal account
so you used money that wasn’t yours,just pay it back my sister
@@user-xx5hy7nj8o 🙄so you're that person..
Loved this, I wish I watched it earlier :'( , I made the mistake of acknowledging the debt
A video on married in community of property and one needs to go into debt review.
OK THANK YOU
Hi varsity debt is a nightmare.You will be handed to varsity's lawyers next you are now floating from one debt collector to another.Now it has been over a 10yrs the debt has prescribed but i wanted to go back and complete the degree,'Vumbu' historical debt.Wavuka uLulu!👏🤦
Does TV license debt prescribe ?
Thanks for this, what about pensioner debt where a clothing retailer keeps calling a pensioner to pay debt when they no longer work and are pensioner
Thanks
@Financial Bunny thanks
🤣🤣🤣🤣🤣🤣🤣🤣 "Sites that their mothers and Jesus Christ would be very very ashamed to see them go to...... Not that I know them, it's important to know the research"! 🤣🤣🤣🤣🤣🤣🤣🤣🤣
Wow. I remember dc++
How do one clear your credit record?
Hi Nocolette can you plz talk about gunishee order plz thanks
Hey Nicolette im using FNB as my brokerage firm individually so but to be quite frank I only used it because a friend advised me to and just didnt consider others company so i could help with me, as "according to your knowledge not because you are giving me financial advise." PLEASE!!
What about NSFAS debt?
Ndibuka ubuhle & learning at the same time. Awusemhle Nicollete
Just got a call after 14years, i even forgot, not even on my record..but they called, So i just tried this, lets see... Will give feedback
How did it go?
What happens if u were on debt review but couldnt continue paying due to losing ur job etc? Is there a law that covers you on that?
Extremely informative thank you
If I may ask while we are on the subject of investments, what do you know about Amazon and Netflix investments? Are they reliable? Seeing that its normally a telephonic conversation, how safe is it and how do I know if I'm talking to the real employees and not been scammed?
Its a mouthful I know but you seem to know your story so hopefully you can help??
Government was supposed to clear some of our debts but it's alright I guess,they made alternative arrangements i believe. This is why The President initially went after the banks infuriated as the funds weren't made available to the people.
Sounding better . . .
Guess you got yourself checked out
😊❤💐
Hi Nicholette. Luv the channel. I have been under Administration for almost 20yrs. The deduction obviously coming direct off my salary. I just googled that a Admin Order lasts 10 yrs. Is this the case and how do i have that removed off my payslip as i tent to think that hinders my applications many times. Currently i have a good credit record.
@Financial Bunny Thank you
Yhuu when last did I hear about Boston Legal
Yea Navy federal gave me a really high limit. I applied and was denied at first so I got a WEB INVADER service , and I was approved for a capital one. The limit was so small lol but I took it and worked on it. Because if that it helped my credit and I believe that’s what made me finally get approved for navy fed with such a high limit. they're still working on increasing the capital one since it was so low. All in all I’m satisfied.
Hi Nicole....Thanks for this I really find it helpful.....Please make a topic on cash sequestration and how it affects a person in future...really need to understand this process as well...Love your blog
Thanks for watching.
For cannabis stock market inv~est~ment with good profit, reach Dennis for more info.
T£L£~GR~AM
@Wilhel_Dennis
Credit card debt nyising somebody I know. It's been over 3 years but nobody gives them credit now cos they are blacklisted with ITC.
ITC and blacklisting can be removed via lawyers
It can happen that person has a court judgement against thier name so he/she must wait for 5 years or pay it to clear thier name
I love you🤣🤣🤣🤣🤣🤣
Where does University tuition debt fall in, does it prescribe as well?
This is what I want to know too
Me too, am asking
No it does not, it's not covered under the usury act. More so NSFAS
Mine was eventually canceled
@@malebogomorule6358 after how many years was it canceled?