Sorry to hear about your situation.
Sayang you lose the car, the DP and more importantly, you lose the ability (for 10 years) to ever borrow money from the banks again.
Thats a long time. Credit rating is very valuable as you will learn later on.
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Tsikoteer
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April 20th, 2020 07:30 AM #121
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Tsikot Member Rank 2
- Join Date
- Jun 2005
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April 20th, 2020 09:57 AM #122Yup. The car is the collateral kaya ganun. I i remember correctly it is the recto law that covers this.
Originally Posted by yapoy86
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Originally Posted by yapoy86
