Payment holidays turn into nightmares for lockdown debtors

A lack of disclosure from Sanlam saw a Verulam lady agree to a sixth-month payment holiday which cost her R61,600

For many of those whose incomes were dramatically reduced or obliterated as a result of last year’s Covid-19 lockdowns and restrictions, their credit providers’ offer of a payment break was grabbed with both hands...

This article is reserved for DispatchLIVE subscribers.

Get access to ALL DispatchLIVE content from only R45.00 per month.

Already subscribed? Simply sign in below.

Already registered on HeraldLIVE, BusinessLIVE, TimesLIVE or SowetanLIVE? Sign in with the same details.

Questions or problems? Email or call 0860 52 52 00.