se xually transmitted debt (STD)

[dominic]

from today's Business Report -

Johannesburg - People who stand surety for others' debt will be protected against over-indebtedness and reckless credit by the new National Credit Act, the ombudsman for banking services (OBS) said on Monday.

The Act, which came into force on June 1, would give credit guarantors the same status and protection as it does credit consumers.

These were the people who stood surety for the debt or obligations of others, often through "emotionally-transmitted debt" or "sexually-transmitted debt".

The former referred to parents assisting their children with student loans while sexually-transmitted debt to one spouse acting as surety for the other.

full article - http://www.busrep.co.za/index.php?fArticleId=3343997

....a new twist on STDs as in "before we got married we were both clear but it wasn't long before s/he gave me a STD"

be sure to practise safe s ex folks.....the great big condom that is the National Credit Act will only provide automatic protection from 1 June next year

// more seriously - do not sign as a surety unless it there is absolutely no alternative. Often it is not really necessary and if you challenge it / cross out the surety clause the other party will accept it. If you must, make sure it is a limited surety - i.e. not a vaguely defined obligation to pay all debts which may arise at any time in the future. If there is a suretyship clause in a contract this should be highlighted (in bold, in CAPS and just above the signatures) and brought to your attention.

 

[The_Unbeliever]

Standing surety for somebody else is bound to cause you headaches, not to mention financial problems...

So, think twice before agreeing, and think it over at least a day before signing anything.

It is not fun having to pay somebody's expenses...

 

[lilDeath]

family and moola don't mix anyhow
so stay clear, unless you're 'giving' it to them