My Budget Fitness and Rent2buy, in the quest to assist home buyers to clear their debt often encounter home buyers who have garnishee orders against their names. Many times these garnishee orders are illegal.
These garnishee orders prevent them to obtain a home loan, or even enter into a rent2buy or similar transaction to secure their own home – as their credit records are impaired and the garnishee order usually cause havoc with their affordability – an important factor when you apply for a home loan says Meyer de Waal of Rent2buy and My Budget Fitness.
Cape Town – Anton Viljoen, Group CEO of DCM, demystifies the misconceptions on garnishee orders.
In this short video he explains how it is issued, how it gets delivered and how to clear your name.
* Have something to add on the garnishee issue? Let us know.