Managing your liability for another’s debt

NAVIGATING an unexpected financial burden can be daunting, especially when it comes in the form of someone else’s debt. You could unwittingly find yourself responsible for debt you didn’t directly incur if you hold a joint account, co-sign a loan, or don’t understand the implications of your marriage contract, for example.

JustMoney.co.za, a platform that helps South Africans make good money choices, says it’s essential to understand