A recent High Court ruling tackled the important question of whether or not a Certificate of Balance issued by a creditor provides definitive proof of the debt owed. The case involved a couple who contested the accuracy of a bank’s R2.1m claim against them. At stake? Two of their properties which were bonded to the bank.

The couple’s court victory highlights both the importance of lenders producing accurate documentation, and the right of borrowers to request clear details before agreeing to settle any claims made against them.