Last week, we highlighted Ashok Lal’s ordeal of consuming Betadine skin solution (iodine) while undergoing treatment at a private hospital. By way of a deed of settlement, the hospital authorities waived all medical charges accrued by Mr Lal arising from his stay in the hospital. This was the only relief received by Mr Lal. His […]
“Good advice is always certain to be ignored, but that’s no reason not to give it”. ―Agatha Christie In life, the least expected things happen at least expected time. Ashok Lal, a salesman in his mid-50s experienced something similar in his life three years ago, which haunts him even today. And, there is much to learn […]
With the opening of the tertiary institutions around the country for the new academic year, many students are in the process of securing flats or rooms to rent. The experience can be quite painful for some renters who are unfamiliar with the present rental landscape. With such a competitive market and quick rental turnover, for […]
The Consumer Council of Fiji received and investigated 1,672 complaints between 1 January 2015 and 31 December 2015, with a monetary value of $4,739,690.77. Of this, a sum of $3,429,560.82 was recovered by successfully resolving 1,041 cases through mediation and given back to the consumers. Mediation is widely used by the Council to get people […]
In tight financial situations, old-fashioned lay-by appears to be a preferred option. It is an easy way of buying something without having to pay for it all at once and without any interest or fees. A layby sale is a far better option than hire purchase if consumers know that they can pay for the […]
Life is unpredictable. You never know what challenges are coming your way. Many who have a home loan or simply hire purchase payments to make and suddenly lose their jobs or livelihood, live on the edge of financial disaster. Managing their debt and life becomes a battle. Jesoni, who used to earn a living for […]
We refer to Professor Wadan Narsey’s write up titled “When central banks ‘steal’ from you” in your edition dated 26 March 2016. The Council values Prof. Narsey’s keen interest in generating debate on pertinent issues affecting consumers’ socio-economic interest. No doubt, the transition between the old currency and the new one, is an important issue […]
We refer to Selwa Nandan’s write up titled “Wider Role of Watchdog” in your Business News column, dated 19 February 2016. The Council appreciates Mr. Nandan’s interest in consumerism and for commending the Council for the ongoing job of holding the unethical traders and service providers in the private sector accountable. We also note […]
All consumers are looking forward to 1 January 2016, with 6% VAT reduction coming into effect in the New Year. This means consumers can expect to pay lesser for wide range of goods and services with the reforms in the country’s taxation system (VAT reduction from 15% to 9%) We expect to see price drops […]
Justices of Peace (JPs) are selected people, who play an important part in the legal system. You may have asked a JP to certify one of your documents at one point or another. However, sometimes accessing their services can be challenging. There may be instances when the JPs are not available, do not have the […]
Financial hardship is when a borrower who shows willingness to pay his/her loan commitment but is unable to do so, due to reduced income or earnings as a result of unexpected events such as changes in employment status resulting in job loss or having reduced working hours. Significant life events for example a relationship breakdown, […]
Last week, you read that a Debt to Income ratio (DTI) is a personal finance measure that compares the amount of debt you have to your overall income. In debt management counseling services, we think that being at or less than 30 percent is safe, between 35 and 40 percent is preferable and above 40 […]
Are you thinking of buying a house sometime soon? Or, are you planning to take a vacation abroad? Well, if you are thinking of doing either, and planning to obtain a loan, you got to know whether you can meet your monthly repayments. Debt-to-income (DTI) ratio will assist you to understand your financial position so […]
Borrowing money can include anything from taking out a loan to buy a car or home, or, buying goods on credit through hire purchase. Any agreement you sign to take loan must take into consideration your legal rights under the Consumer Credit Act 1999, Consumer Credit (Amendment) Act 2006 and Regulations 2009. However, this legislation […]
Lawyers play a critical role in conducting due diligence, which includes authenticating facts provided by the seller or the seller’s solicitor to ensure that his or her client gets exactly what they thought they were buying. The solicitorrepresenting thebuyer has more potential risks. It is therefore expected that the buyer’s lawyer has verified key information […]