I need some urgent advice. I have made many mistakes financially, having never to taught to deal with money, which should be a compulsory subject at school.
Just been informed that my car is going to be repossessed by a Debt Collector on behalf of Nedbank unless full payment is received which is R14 000. How long do I have before they repossess my car after informing me of this. They keep telling me the payment is required immediately. Does mean today? Tomorrow, Monday? I have no received any official documentation in this regard. I want to make the payment but it will take a few days to get the money together.
Can I also think about selling my car in the next few days and pay them using the money from the sale and use the rest as a deposit on a new car which my Dad will be financing for me. If they repossess it for R14 000, the car is worth much more.
Some advice would really help. With no car, I can't get to work and thus survive.