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A slave to debt: A history of punishments for debtors

Susan Erasmus

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Cape Town - Debt has been around as long as money has – and so have defaulting debtors.

Today, the worst – apart from the stress - that can happen to a defaulting debtor are three things: a bad credit record, repossession of goods and possible bankruptcy. That is if you are dealing with a legal lending institution.

There is no telling what the bully boys of a loan shark might do to you – it’s probably closer to what happened to defaulting debtors over the last 2000 years of human history.

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