Asked by Anonymous on 23-07-2021 13:57:58
Question posted in the General Law category relating to Limpopo
Good day. Due to Covid I had a loss of income for 7 months. Initially I took a payment holiday on my home loan. I further defaulted due to no income. 1. Is the bank allowed to add the payment holiday to the arrear amount? I have made a payment arrangement for the outstanding amount and thus far have settled half of the outstanding amount. Can Legal action still pursue or does this put this position on hold?
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