Statistics |
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| • There are over 18 million credit-active consumers on record |
| • 45.3% of these consumers are struggling to meet their debt obligations |
| • More than 10 million accounts are over 3 months in arrears |
| • Consumers with impaired records have increased by 880 000 ove the previous year |
| • Monthly average of 9000 consumers applying for debt counselling |
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| Assist with Formal Debt Review in terms of Section 86 of the National Credit Act 34 of 2005 |
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| • Determine whether an individual is over indebted |
| • Consider whether any existing lending was granted recklessly or unlawfully |
| • Review clients income and expenditure |
| • Develop a budget |
| • Determine distributable income available to allocate to creditors |
| • Distribute re-payment proposal to relevant credit providers |
| • Negotiate with credit providers on more favourable rates and re-payment terms |
| • Obtain court orders |
| • Aftercare of consumer until all debt is fully settled |
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| Informal Debt Counselling |
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| • Review clients income, expenditure and current debt |
| • Guidelines for budgeting principles |
| • Advice on favourable spending habits |
| • Demonstrate the implications of compound interest |
| • Meet on an ongoing basis to achieve and maintain healthy spending habits |
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| Employee Financial Wellness |
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| • Consult to corporate employees on what debt is and current debt trends |
| • The concept of a budget |
| • Discussion on how to identify and avoid "debt traps" |
| • Explain the concept of interest and compound interest |
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| Financial Brokerage Intermediary |
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| • Facilitate introductions to financial advisors |
| • Financial advisors will assist with both investments and insurance needs |
| • Provide competitive and innovative products and excellent service |
| • Wealth creation and wealth protection |
| • Corporate Employee Retirement and Health Benefits |
| • Partnership Assurance and Key-man Insurance |
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| Corporate Training |
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| • Customised training material on banking and lending principles |
| • Seminars on relevant legal issues and statutes |
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