Services we offer

Debt Review

  • Debt Counselling is a professional service provided for over-indebted consumers.
  • It’s a process regulated by the new National Credit Act and provides the consumer with a greater protection against creditors wishing to take legal action.
  • The goal of Debt Counselling is to:This repayment plan will still allow consumers to meet their basic living expenses.
    • develop a repayment plan that is affordable to the consumer
    • and acceptable to the creditor.
  • The process with the creditors is managed by the appointed Debt Eezy Debt Counsellor who represents the consumer’s best interests.

Step 1:Debt Eezy

Realize you are over indebted and make an appointment for counseling

Step 2:Day 1

Bring your:

  • ID
  • Salary slip
  • 3 months bank statements
  • most recent creditor statements.

Step 3:Up to day 30

We send form 17.1 (notification) within 5 days of application and form 17.2 (proposal) to creditors.

Step 4:Up to day 60

Negotiations with your creditors on your behalf. Apply for Consent order

Step5:Day 60

Obtain consent order

Once all your debts are paid, you will be removed from the credit bureau

 Benefits of Debt Counselling

Advantages to the employer:

  • Reduce workload of payroll department.
  • Overall reduction of deductions per employee.
  • Less stressful wage negotiations.
  • Increased productivity, less stressed employees.
  • A substantial reduction in monthly advances.
  • Improvement in Financial literacy.

Advantages to the creditor:

  • Managed Portfolio
  • Immediate Payment
  • Cost Savings on Legal Process
  • Reduced Debt Exposure
  • Preferred Option by Unions
  • Softer Approach – Keep Customer
  • Rehabilitation of Customer

Advantages to the customer:

  • Immediate Relief
  • Basic Living Expenses Ensured
  • Do not lose any possessions or property.
  • It is Not Expensive.
  • Do Not Increase Debt to Pay off Debt.
  • Save on Compound interest.
  • Record Remains Clean

Voluntary Redistribution:

(voluntary arrangement with your credit providers)

  • Voluntary Redistribution is intended to assist consumers who are experiencing a temporary cash flow problem;
  • It operate as an alternative arrangement affordable to the consumer and acceptable to the creditor;
  • You may save up to between 40 and 60% on your monthly repayments;
  • Only one monthly reduced installment/repayment for all accounts;
  • You have more cash in your pocket;
  • You can choose which accounts we should handle;
  • Everybody qualifies;
  • If you are not already blacklisted with the CB, you will be protected from being blacklisted;
  • No harassing phone calls from creditors;
  • No legal action –no repossessions of your assets;
  • Blacklisted welcome (optional to VR –we offer Rescission of Judgments –assisting in clearing consumer name from credit bureau –certain criteria to bemet)
  • It is not Administration or Debt Review 
  • You have an option to cancel at any time
  • You stay credit worthy -depending on your overall credit record, you might be able to access more credit

**NO UP FRONT FEES**

HOWEVER DO NOT DEFAULT ON YOUR MONTHLY REPAYMENTS!!!

What do you need to apply for these services

  • certified copy of ID
  • 3 months bank statements
  • Payslip (monthly 1), (fortnight 2), (weekly 4)
  • Consumer needs to know which accounts/creditors he/she wish to place under either of the abovementioned program

 

Rescission of Judgement

What is Rescission of Judgement?

  • It is an application brought in court before a Magistrate to make such application an Order of Court to have your name removed from the Credit Bureau if you were blacklisted.
  • In order for such an application to be considered and successful, the client has to satisfy certain criteria:
    • the account concerned need to be settled in full by the client;
    • the client should be in possession of a letter from the creditor stating that the account has been settled in full with a nil balance;
    • the client need to inform the creditor of his/her intentions of bring such an application and also inquire from the creditor if they have any objection to such an application and if such creditor has no such objection, the client should request that the creditor puts this in writing that the client may continue with such application which will then form part of the application;
    • the client however, when bringing such an application should, once he/she has obtained a court date, should inform the creditor of such a court date to enable the creditor to either object or consent to such an application;
    • once the client has received such objection or consent, the client may continue with the application and if the Magistrate is satisfied that all documents (incl. copy of the client’s ID, Settlement letter, confirmation letter from creditor as well as consent letter that the creditor has no objection to such an application) necessary is attached to such application and there is no objection from the creditor concerned, the Magistrate may make such application an Order of the Court.

 

* Once the client is in possession of such an Court Order, he/she will have to inform and forward a copy of the Court Order to all credit bureaus on which the client is listed of the order and request that his/her name be removed.

* The process of removing your name, may take any time from 20 days or more.

* The client may also forward such copy to the creditor and may request the creditor to remove his/her name themselves from these Credit Bureau.

Additional Services Offered

1.      Rescission of Judgement;

2.      Debt management;

3.      Acknowledgement of Debt Contracts;

4.      Credit Checks;

5.      Debt settlements;

6.      Admin orders;