with another interest rate looming at the end of january...best thing wessbank ever did for me was to repossess my car and black listed me (thank you wesbank) after a serious accident which left me cripple for a couple of years...now everything i own is paid for in hard earned cash.

shame i see a lot of people sweating...houses going up for sale...the banks sure know how to put you in a fix...offering people cash back on home loans...second bonds... access bonds.

i have been watching how lots of people i know have taken second boonds because the house they purchased 10 years ago for only 2/300 000 are now valued at over a million...the banks have been handing out the money... now they are up to their ears in debt...repaying R10000 + bonds a month and the noose is just tightning as the interest rate goes up.