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debt placement faq Go Back

do you charge any additional interest on the amount being placed?

No we don't charge any interest

how long does the process take?

It can take a minimum of 60-90 days, but once all things are sorted, within a few days or weeks we will notify you on the new repayment

do you report to credit bureau?

No we do not but only if you don't miss any payments or let us know in time if there is any issues you have

do I have to repay the amount I placed for request?

Yes you must but over a certain duration

how long can I stretch the payment for?

you can stretch the payment for a minimum of 10 years (i.e 120 months)

how much it cost to activate the debt placement service?

For a 20% placement, a activation fee of R 500(once off) or a 50% placement, a activation fee of R 1000 and admin fee. Note that from time to time we place discounts on our offering and such may not reflect the current fee listed on our website

i do not see the financial institution listed?

If the institution that you use is not listed upon requesting please let us know and we will update the list

can i upgrade my debt placement?

Yes you can, but once the process has been completed, you won't be able to do so.

does the service consolidate my debt?

No it doesn't, it all settles the amount of debt you have with the creditors

i have couple of debt from different institution?

Please let us know before you submit a request

is there a minimum debt that I should have to qualify for the service?

A minimum of R 50,000 or if 43% of your spending is spent on debt.

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