Due to the Covid-19 pandemic and the nationwide lockdown in South Africa, certain measures were put into place at banking institutes to financially support clients through this difficult time.
Applying for relief or payment holiday can be tricky and tiresome. Let Debt Wise Group assist you in a free assessment to determine what the best option is for your financial situation. Whether it be a payment holiday or applying for the Debt Relief Program.
Ripple effect of a payment holiday
Payment holidays, if granted, put you at higher risk for financial difficulty somewhere in the future due to spiked interest, but can you afford it?
Due to the payment holiday, there will be higher interest rates, balloon payments and increased installments for up to six months. Take note banks are only helping clients who are in good standing with the bank. Banking on a payment holiday or credit insurance may cause financial ruin in lockdown aftershocks.
You can now read more publications on Debt Wise Group’s website and see exactly what opportunities banks are offering consumers, as published on 26 March 2020.
Debt Wise Group are indeed registered with the National Credit Regulator (NCR) and our practice number is 652. We are more than willing to assist you in this time of crisis.
Debt Wise Group has time and again been recognized as the leading expert in the South African credit industry. Reason being always having the wellbeing of our consumers at heart and being one of the top five debt counsellors in the country’s medium debt counsellor’s category in 2018.
Act now to prevent future loss of income effects. Apply for a free assessment/ professional advice with Debt Wise Group.
Debt Wise Group offers you the following:
- Government announced debt relief program for loss of income during the Covid-19 pandemic.
- We also offer government approved debt relief programs which give consumers the opportunity to pay a reduced premium over an extended period of time. This programs are designed to improve monthly cash flow to you and your family while getting reintroduced back into the credit market. This process protects your assets and insures dignity throughout this difficult time.
Visit our website: https://debtwisegroup.co.za/
Contact us telephonically: Leana van Wyk – 087 354 1277
Email us: [email protected]
