Is this a bankruptcy or debt agreement?
No, we will re negotiate the terms of your contracts to better suit your current financial position.
Is this a debt consolidation loan?
No, we do not extend any credit at all. We simply vary the payment schedules of your existing accounts to suit your financial situation.
Will I have a default reported on my credit file?
No, the credit providers may report that you have applied for assistance under financial hardship however this is not a negative default listing. Once you have applied for assistance, the credit provider can only report the payment as overdue if they advise their intention to do so prior to entering the arrangements, or if your arrangements aren’t maintained.
How long does it take?
We can have an authority in place and be acting on your behalf within a few days.
Will I stop receiving phone calls about my debts?
Yes, once we notify your creditors that we are acting on your behalf they are obligated to speak with us and cannot contact you directly during our involvement.
Do you manage all of my debts?
We will manage any account that you ask us to, we recommend that you give us as much as possible to reduce the pressure of managing multiple debts.
Who will make the arrangements?
We will do all of the negotiating with your creditors and set up each individual payment arrangement.
Who will make my repayments?
We will. After we set a budget for your debt payments we will start debiting the required amount from you and we take care of all of the repayments.
How much do I have to pay?
The amount that you pay is determined by your overall financial position and not by what you owe. Your budget is designed to suit your needs and commitments and is not influenced by aggressive debt collectors or creditors.
What about my car payments?
All consumer finance products are subject to the National Credit Protection Act and are required to consider all reasonable applications for variations that will improve your ability to meet the contractual obligations.