Talk to your creditors

Household indebtedness is a rising menace in Botswana
Household indebtedness is a rising menace in Botswana

I owe so much money, I don’t know what to do. I am afraid to go to work; I know they are waiting for me.  It’s Payday tomorrow, but what’s the point, I still won’t have any money. What am I going to tell my family when there is no food?  How will I get out of this?  I feel like I am drowning…

The first question we need to address in this situation is, “Should I hide from my Creditors?” Creditors are people that you owe money to. If you owe someone money, they want to know where you are, what you are doing, and when they will get paid back. Which often results in them contacting us, sometimes frequently, which puts pressure on us – and sometimes makes us feel very afraid.

How should we handle our creditors?

Editor's Comment
UDC gov’t should avoid past regime’s pitfalls

High Court Judge, Michael Leburu, said it was a fallacy for the State to say the funds being interest from the funds taken from Seretse and his companies, Khulaco (Pty) Ltd, M & B Properties (Pty) Ltd, belonged to the bank not him to play claim to it.The story presents baffling yet wasteful realities under the previous regime. While litigation by governments is important for upholding the rule of law, ensuring accountability, and fulfilling legal...

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