Debt Consolidation Statistics
The overall total monthly obligation has gone down from R12,099.00 to R2,600.00.
This leaves the consumer with a significant improvement in their cash flow. Each month the consumer will have an extra R9,499.00 in their budget. For someone who is earning between R15,000.00 to R25,000.00 per month, this will leave the client with room to once again live with sufficient disposable income.
What are the steps you need to take to apply?
Just fill in the required contact details, and one of our financial consultants will contact you to discuss the details. We will then run through an assessment with you. Afterwards, with your permission, we will then pull up your credit record. This will enable us to see what loans you have outstanding and to determine the amount of your loan.
Secondly, we will run through your income as well as your living expenses to ensure that you can afford to make your monthly repayments.
If you have successfully met the criteria, we will forward your application to our trusted partners. They will then contact you – please ensure you have provided us with the correct contact details. At this stage, they will request a copy of the necessary documentation, namely a copy of your green barcoded ID, a 3 month bank statement, as well a copy of your payslip. We will require 3 payslips if you have a variable income, such as if you are earning overtime or commission.
If you would like more information, please contact us on the details below. Our experienced financial consultants are competent and knowledgeable with regards to all matters concerning debt. If you are currently experiencing difficulty making payments and you are not sure which debt product is going to best suit your needs or if you are currently having a dispute and need clarity on any debt-related matter, give us a call. We have a debt advisory service which specialises in this area.