Over twenty years ago I purchased a house on a 100% bond but due to circumstances I did not make any payment towards this property. The property was subsequently auctioned. The bank in question did not pursue the collection of money and they in-fact granted me an account with a credit card a few years after.
Recently I have been contacted via SMS from a law firm requested payment of approximately R 90 000. I am also unemployed at present. I have written to the bank complaints department and they have told me that I am still liable for payment.
Can you assist me with advice on a course of action?
Thank you for getting in touch.
Unfortunately your creditors are well within their rights to still demand payment, regardless of the fact that you are unemployed. Your best bet would be to keep negotiating with them to see if they can offer you some sort of breathing space for a few months. Pay them as far as you can, and search for employment vigorously. If too much time passes and you still do not have employment, they will summons you. You will then be able to explain to the court that you are unemployed, and you can ask the court that they give you 3-6 months to find a job. Do not stay away and ignore a summons. Show up at the court and state your case.
Hope this information helps.