Posted on Oct 25, 2019

Credit Salvage Corporation SA (Pty)Ltd

Car Repossessions – The process and what to do if faced with repossession.

Whether you use a car to get to work, school or your local Checkers or Pick N Pay, your car is a real necessity. Cars have always been an essential requirement in South Africa where the public transport system is not always accessible for all.

The truth about purchasing a vehicle with banking finance is that the credit provider holds ownership of the vehicle until the financing is repaid in full. Missing payments due to unexpected emergencies or circumstances can lead to the credit provider repossessing the vehicle.

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