Business Report‘s Roy Cokayne and Ethel Hazelhurt:
“The number of home owners who are at least one month in arrears on their mortgage repayments would have more than doubled to 55 000 between January and September, research based on data from the major banks has shown.
Rael Levitt, the chief executive of Alliance Group, which did the study, said yesterday that its own research and discussions with the credit control departments of all the major banks showed that about 25 000 home owners were in arrears in January. Auction Alliance has …

Bentley Credit Control (Pty) Ltd, in line with their efforts to offer clients the complete debt collection and credit management solution have added a new service to their range of client services, outsourced credit management.
Tom Peters, the management guru, has said “Do what you do best and outsource the rest”.
In the modern economy outsourcing has become of one of the tools of choice of progressive companies wanting to leverage themselves to a more profitable and better service. Outsourcing is utilised by multinationals corporations down to small businesses to ensure better …

Business Report:
Despite the tightening economic climate, the emerging black market remains largely creditworthy, although about one in 10 members are showing strain in their aspirations to own homes, cars and household goods, according to a study of the so-called black diamonds.
TNS Research Surveys, which has done extensive research over the last three years – each time on a different group of 1 500 upwardly mobile black South Africans – says there is evidence that about 10 percent of black diamonds have found themselves in legal trouble over debt.
The most recent …