Why you should not take a loan if you are Under Admin

under-administration
under-administration

Loans for people under admin are illegal in South Africa this is because when you are under admin this means that a legal judgement has been made to ensure that your financial decisions & money management is handled by your legal administrator.

So the best thing that you can do when you need financial help or you want to take a loan, credit is to talk to you legal administrator or the person who has been appointed to manage your financial affairs.

The last thing you can do is to take a loan from a loan shark, or try to get a loan that will worsen you financial situation, do not in-debt yourself to an agreement whereby you will be required to make unrealistic or impossible re-payments at exorbitant interest rates as you’ll only make your financial situation worse.

However there are certain lending institutions (good & bad) who will provide you with credit if you are desperate.

under-administration
under-administration

Be the first to comment

Leave a Reply

Your email address will not be published.


*