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.