Debt Placement
Allowing you to free up some extra cash for a piece of mind.
It is a service that allows you to transfer up to 50% of your debt to us, helping you reduce your monthly repayments. By extending the repayment period for the amount you’ve transferred, you can save between 25-50% of your monthly payments, which may help you stabilize your finances.
The goal of this service is to help you improve your finances, focusing solely on debts such as overdrafts, credit cards, and personal loans.
Submit a request that you want to reduce your debt
We process all the required details and affordability checks
We send you documentation for you to sign and send back
We settle a minimum of 20% of your debt
Save up to 50% of your monthly repayments
Our goal is to make you improve your finances
Jooko has a debt of R 276,180 and wishes to save up cash for retirement and investments. He decides to signup for a debt displacement.
We check all the necessary documentation and affordability. Then lower the amount to R138,090 on the side of the bank thus on our side we'll take on the other half of the amount. Jooko decide to stretch repayment upto 180 months and frees up R 877(40%) of the amount Jooko will use for anything and only pay R 767.16 to us with.
If Jooko saves the freed up amount for 10 years, he will have an estimated R 105,240.
Disclaimer: The above example and calculator is for illustrative purposes and shouldn't be treated as actual results when you apply for the service. We give no warranty, express or implied, as to the accuracy, reliability and completeness of any information, formulae or calculations provided through its use.
It is a service that allows you to move 20% or 50% of your debt on to us which helps you reduce your monthly debt installments.
This service is meant for individuals who don't want to be restricted in access credit and wish to save some extra cash to fix the financial situation .
It does not restrict you from applying for credit and
There will be a once off activation fee, a monthly admin fee and a placement request fee which will apply if you have once used our services
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