Safe as Houses
Home is where the heart is… Home is where we feel most comfortable and most protected. It’s worth nurturing and worth protecting our homes.
It’s a sad situation when people are faced with having their homes repossessed. This is the ‘rock bottom’ of financial distress. Because it’s not just a house that is taken away, it’s a home.
There are thousands of people who have lost their homes as a result of the economic recession in South Africa. Don’t become another statistic and take action, right now – today. If you are in trouble with your bank because you cannot meet the repayment agreements of your bond, please contact us immediately.
Currently the financial lending system that South African banks follow is under a huge amount of scrutiny. The New Economic Rights Alliance would like the money-lending system to be declared as unlawful. They want ABSA, Standard Bank, FNB, Nedbank, as well as the Reserve Bank to be investigated for unlawful home repossession.
But be that as it may, such a case against these major lending institutions can take a long time to be finalised. This means that if you cannot afford to pay your bond, you need to take action immediately to start negotiating with your bank.
There are more than 12 million accounts nationwide that are behind with monthly payment installments. This according to the Consumer Credit Market and Credit Bureau Monitor who have confirmed that over 9 million consumers have negative credit records as a result of late payments or skipping payment altogether. The National Credit Act’s Debt Review process is to date the only successful debt relief programme in South Africa. The application process is very simple and it is also free. The only prerequisite for qualifying for debt review is that you are employed and that you will be able to have your salary restructured in a way whereby you have money left for living essentials at the end of each month.
Our company will be able to assist you from being evicted. We can help home owners negotiate with the major banks to ensure that you are not evicted and that both you and the bank come to a payment agreement that is more suited to your particular financial ability.
The longer you wait, the more difficult it will be to open successful negotiations with the banks. Contact us for an immediate free consult. We have prevented many evictions and have negotiated payment terms successfully for many people.
We will take your financials under review and structure your finances accordingly to benefit the safe keeping of your home. A mortgage is the only kind of ‘good debt’ that a person can have. It is of utmost importance to protect your home, because in future it could become one of your greatest financial assets.
If you have already received a summons, we can defend you against your bank’s court repossession action. We will present a new payment agreement to the court and ensure that you are awarded more time to catch up with installments in arrears. With the right amount of support from us, and, discipline from your side, your mortgage payments can be secured within as little as a year. It depends on your individual situation and your motivational drive for keeping your home.
The stressfulness of possibly losing one’s home is immense. By placing yourself under debt review, you will have the ability to prevent losing your home. Our debt review consultants will negotiate on your behalf with your bank, as well as with other lending institutions that you may owe money to. The crucial thing here is to take action as soon as possible. Please contact us immediately for a free consultation to determine if you would quality for debt review. Our debt counselors are highly skilled negotiators and will be able to start the mediation process with your bank.
We will also give you sound advice for restructuring your finances in such a way that will allow you to reduce your overall debt. If you want to find out more about how the debt review process work, and how we can assist you to keep your home, make contact with us please.