I would just like to know:
My car payment has an arrears amount from when I was unemployed. However, I have now been making full installments plus an additional R1000.00 every month since January. I have not missed one payment. I infact made a double payment in June.
Can MFC repossess my car, on the basis that my payment is in arrears? When they are receiving full payment every month, and I am trying to catch up the arrears by paying more?
I would appreciate some insight!