Asked by Chucks on 26-03-2015 13:21:06
Question posted in the General Law category relating to Gauteng
My car was repossessed in December 2012, after a year they came back to tell me that I was still owing R80, 000 on the car and that I needed to make arrangement to pay it. I couldn’t make any payment arrangement as the company I used in buying the car was no longer in business and I as a proprietor still unemployed; but I did agree with them to be paying whatever I can afford on a monthly basis pending when my financial situation improves. Now they are threatening to proceed with warrant of execution because I haven’t been able to pay the account since this year; I don’t have any property that can be sold except my house which I’m still struggling to pay the bond. What is the worst case scenario and what can I do?
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