Debt

To calculate a DTI ratio, mortgage lenders employ a front-to-back ratio and a back-to-front ratio. You may see for yourself in the following examples: When calculating your monthly housing costs, such as your mortgage payment, property taxes, homeowners insurance, and HOA dues, the front-end ratio (also known as the housing ratio) is used. The back-end […]

According to the South Gauteng High Court decision in Rougier v. Nedbank, 27333/2010, any act by a debt counsellor to terminate or withdraw debt review is a violation of a debt counsellor’s statutory powers. The NCR issued its Withdrawal from Debt Review Guidelines on February 25, 2016, as a result of this judgment. When a […]

The amount of money borrowed by one party (the borrower) from another is referred to as a “debt” (lender). Loans and mortgages are other terms for debt. It is utilized by a wide range of people and businesses to make major purchases that they would otherwise be unable to pay. Allowing someone to borrow money […]

You become a creditor if you win a Small Claims Court case as a plaintiff. As a result, the person you sued now owes you money. If you prevail in court, the judge will issue an order requiring the debtor to make good on his or her obligations to you. However, the court does not […]

A debt dispute letter to the collection agency requesting for the debt to be validated is your best option if you have any doubts about whether or not you owe a bill. Collection agencies must verify they have your money and give evidence to back up their claims by sending you a letter disputing the […]

Consider using registered mail, fax, or email to notify them, as these methods provide proof of notification. Include any evidence that you believe would support your claim in a legal dispute. ‘ In addition, it is important to ensure that the documents are not originals. You may not be able to retrieve the documents. Can […]

Front-end and back-end DTI ratios are used by mortgage lenders to calculate a DTI ratio. You may see for yourself in the following examples: Using the front-end ratio, also known as the housing ratio, you can see how much of your monthly gross income would go toward housing expenses, such as your monthly mortgage payment […]

Getting your credit reports from Experian, TransUnion, and Equifax is the first step in discovering how much debt you have. The majority of the time, creditors send information about unpaid debt to one or more credit reporting agencies, who then include it in the consumer’s credit report. Credit cards, personal loans, mortgages, and more can […]

The myGov website allows you to look up your HELP debt. A link between your ATO account and this online service is required; for advice on how to achieve this, please refer to the ATO’s internet video tutorials. Selecting ‘Loan Accounts’ will allow you to see the balance of your HELP loans. Does your HECS […]

1300 650 225 is the ATO’s phone number. Prior to receiving any personal information from the ATO, you must provide them with your tax filing number (TFN). How can I check my student loan balance? Checking your student loan balance can be done in a variety of ways if you owe money to the United […]