about

Debt placement is a transfer of your debt that you wish for us to take on with the goal of freeing up some extra cash that you would like to use towards your goals or to help you manage your finances properly.

how it works

You submit a placement request of the amount of debt you wish for us to bear on your behalf. Once we have the necessary documentation, we then begin the process by settling a percentage of your debt with the financial institution and possibly help in lower a bit of your interest (not guaranteed).

Then the amount that we bear on your behalf, you decide how long you want to stretch the payment to in turn free up extra cash. For example, let's say you've requested a placement of R 50,000 and instead of paying R 833 for a duration of 5 years you can stretch it to 10 years thus paying R 416 and having R 416 saved.

It is different

This service differs from existing solutions (i.e. Debt Review) when you're in a lot of debt by not restricting you to access credit. However, it doesn't make payment arrangements on your behalf, it only settles the amount you requested thus helping reducing your monthly payments.

Furthermore, even though we helped reducing the amount on the bank side, the amount you pay us will be stretched to a minimum of 120 months with no interest and have the option to extend it a bit longer to free up more extra cash.

who is it for

this service is for individuals who want to balance their finances to a manageable state and who do not like the idea of being restricted to access credit.

the type of credit

this service is only focused on 3 types of credit such overdraft, credit card and personal loans.

flexibility

this service enables you to refocus your goals to improve your financial situation in a way that saves you extra cash that you can put towards a savings account or retirement.