Guest: Anele Dlamini, Commercial Law Attorney

As we wrap up Savings Month, it’s essential to not only celebrate our financial achievements but also to confront the more challenging aspects of personal finance—specifically, debt. This evening we look into the legalities surrounding debt to provide a comprehensive guide on how to navigate these often complex waters. We'll also explore the debt collection and debt review processes, shedding light on how these mechanisms work to protect both creditors and debtors. Understanding judgments and their implications for your credit is crucial, as these legal decisions can have long-lasting effects on your financial health.

Moreover, we'll discuss the concept of expired debt, also known as prescribed debt, and clarify under what circumstances debt claims become invalid. Prescribed debt is a lesser-known but critical aspect of debt management that can impact your financial obligations significantly. By understanding these facets of debt management, we can all be better equipped to make informed decisions and maintain control over our financial future.