Debt Consolidation Loans (Now available for BLACKLISTED property owners)
Debt Consolidation is a process of combining a number of accounts with different creditors to one account with one creditor.
A blacklisted client (or the client with judgments against his name) is often unable to obtain sufficient finance in order to clear his name, even though he may have enough equity available on his fixed property. Credit policies and client scoring methods used by the major banks automatically disqualify any advances to such a client. (The new MSF Consolidation solution)
The new MSF consolidation solution enables the credit-strapped client to access the equity available on his fixed property. A bond with a private financier is obtained to replace the client’s existing bond, whilst sufficient funds are released to settle all outstanding debts, rescind all judgments and to clear all negative credit reports at the major credit bureaus.
This product is targeted towards the low to middle income market segments, offering loans (Bonds) from R 250 000 to R 2 000 000. The fact that clients with higher bonds can be helped is normally more challenging due the higher debt and might not have sufficient equity available to be successful in such an application. The client with a good equity to debt ratio can be helped. >>More on Debt Consolidation
Personal Loans (for Blacklisted Clients)
Term (3, 6, 12, Months available - Conditions apply)
Debt Restructuring
The Government legislated the National Credit Act on 1st June 2007 to promote an effective, fair and accessible credit market and to protect consumers from reckless lending and over-indebtedness. The Act introduces registered Debt Counsellors who have the expertise to help and guide people with debt problems and to develop debt repayment plans enabling people to afford their monthly debt obligations. >>More on Debt Restructuring
Sequestration / Liquidation Services
The substantive requirements are that the debtor is insolvent, that he owns realizable property of a sufficient value to defray all costs of the sequestration and that it will be to the advantage of his creditors. Only debtors who has debt of more than R50,000.00 will be considered for sequestration. >> More on Sequestration
Stress Management
SA DEBTSAVERS in conjunction with qualified counsellors in the psychology field offers services to customers that would benefit from economy related trauma, stress, marriage and anxiety counselling and much more. >> More on Stress Management
Coaching
Coaching is all about assisting people to make real and lasting change by facilitating the exploration of needs, motivations, desires, skills and through processes. >> More on Coaching
Cell Phone contracts (for Blacklisted Clients)
SA Debtsavers also offers Cellphone contracts for blacklisted clients that is unable to qualify for normal contracts with the major mobile service providers. These packages are specially designed for clients with low credit scoring and or being black listed.
VISA Credit Cards (for Blacklisted Clients) - (Pre-Paid Facility)