Services
More of our services
FREE & NON-BINDING CREDIT REPORT ANALYSES
Prior any of our services we first assist you in obtaining your credit report(s) from any or all four (4) Major credit bureaus and then do a full credit analysis. We identify any issue regarding your credit profile. After the identification of the problem with your credit profile we recommend a suitable solution(s) to your problem. This may be any of the below listed Solutions. We discuss the recommended Solution and the cost of the Solution. You decide if you want to proceed with the recommended solution or not with no cost involved.
ADMINISTRATION REMOVAL
Similar to the removal of debt review status we also can remove your administration status from your profile and have the deduction from your payslip cancelled through the court application.
Once the court order is granted in your favour we update the credit profile accordingly
DEBT MEDIATION
is a process, which is intended to help the consumer, who are experiencing temporary cash flow problems, to help repay their debt with an arrangement that is affordable to them. These arrangements are not formal and creditors have absolute discretion to accept or decline the proposal.
FORMAL DEBT RESTRUCTURING
Let us reduce your monthly instalment through Debt Counselling service
Debt counselling is one of the debt solution and currently the most effective process formerly introduced by the National Credit Act 34 of 2005 that help South African consumers who are over indebted and ultimately struggling to cope with their finances.
Through this process a professional registered debt counsellor assesses a client’s outstanding debt and implements affordable repayment plan.
The process was also implemented provide strict and ethical guidelines to debt counsellors when assisting consumers in regaining their financial well-being.
SETTLEMENT DISCOUNT NEGOTIATIONS
Debt settlement is the process of offering one-time payment toward an existing balance in return for the certain percentage of debt being not paid. For example, someone who owes R10,000 on a single credit card may approach the credit card company and offer to pay R7 500 and close the account. Please note that this approach is not always successful and in consumers are likely to get high discount on old debts that have not been paid in a while
Some of reason for creditors to accept the discount proposal in most cases is due to fearful of your eventual inability to pay off the entire balance.
DEBT REVIEW REMOVAL
Yes, just like the clients we have assisted before, we can remove your status of debt review from your credit report even after you have been declared over indebted by the Debt Counsellor. If you are no longer over indebted, we assist you in making application to the court to be declared no longer over-indebted and remove the listing form your credit profile.
After we have assisted you in removing your debt review listing from your profile you will pay your creditors on your own.
CREDIT DISPUTE & CREDIT REPORTS UPDATE
Disputing incorrect information on your profile
On the initial process of conducting an assessment if look for any inaccuracy on your credit report. Should we find any incorrect information we assist in disputing the information.
Clearing old debts through prescription claim.
The National Credit Act (NCA) prohibits the collection of and the sale of prescribed debt.
Debt is prescribed is the consumer has not made any payments/acknowledged the debt directly or indirectly for three (3) consecutive years and no legal action was taken by the creditor. Mortgage loans, debts by court orders and money owed to the South African Revenue Service (SARS): 30 years
Negotiating for the reduction outstanding balance through in duplum rule.
It specifies that interest on a debt will cease to run when the total amount of arrear interest has accrued to an amount equal to the outstanding principal debt. This means you cannot be liable to pay more than double the amount you owed at the time of default.
