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Credit Loan

Credit Loan

Credit Loan

Credit loans or poor credit loans are available from several financial service providers. You gain credit as soon as you have a credit card, a cell phone contract, or a mortgage. Depending on how good you are the repayments will reflect on your credit rating. If you fail to pay back the “loans” at a specified rate you will end up with a poor credit rating and you may have to take out a credit loan to sort out the payments that you are in lieu of. A credit loan broker will search the market to try and find the best loan for you. Secured and unsecured loans are available. You need to be careful with your repayments on credit loans as you risk losing your assets if you do not repay the loan on time.

 

 

 

If you can no longer afford to pay your debts, Debt Counselling could be of helphttps://www.ncr.org.za/2014-04-24-13-56-22/242-if-you-can-no-longer-afford-to-pay-your-debts-debt-counselling-could-be-of-help

At times and for many reasons such as recession, change in circumstances and others, consumers find themselves in a debt trap and no longer able to pay their monthly debt repayments. Consumers who are in this situation should not hide, feel despondent or despair; there is a debt relief measure in terms of the National Credit Act (NCA) which could provide relief. "This debt relief measure is called debt counselling which is offered by National Credit Regulator’s (NCR) registered debt counsellors," says Kedilatile Legodi, Manager: Debt Counselling at the NCR.

Through debt counselling, consumers can be assisted by getting advice on how to budget and a debt counsellor will negotiate with credit providers on behalf of the consumer for reduced payments and restructure their debts. “If your income is not enough to pay for all your living expenses and all of your debts, chances are that you could be over-indebted.” There are a number of signs that can assist to check whether a person is over-indebted or not, such as a consumer who cannot repay his / her debts on time as agreed with credit providers; taking out loans in order repay other loans; using a credit card and / or overdraft facility to pay debts, buy food and other necessities; skipping payments on some accounts in order to pay others; starting to receive letters of demand and summonses from credit providers and/or lawyers and having judgments granted against them. “These are the signs that should immediately prompt one to seek assistance before it is too late”, advises Legodi. “If you are experiencing any of the above signs, you should speak to your credit providers and negotiate for lower monthly repayments. However, if this process does not work, you can approach an NCR registered debt counsellor for assistance”.

“To be able to go under debt counselling, a consumer must be employed and have an income which will be used to offer reduced payments to credit providers”, clarifies Legodi

Consumers’ attention is drawn to the following important things to note if they are considering debt counselling:

  • Only make use of NCR registered debt counsellors. Upon registration, the NCR issues the debt counsellor a registration certificate and a window decal (green sticker) as a means of identification to consumers. If they are not visible, please request them from the debt counsellor.
  • Understand the debt counselling process, your rights, and obligations prior to applying for debt counselling.
  • If you are married in a community of property, you must jointly apply for debt counselling with your partner.
  • All debt counselling applications must be reduced to either a court or consent order.
  • Debt counselling service is not free of charge – visit the NCR website for a fee guideline on www.ncr.org.za and request a written disclosure of applicable fees prior to applying for debt counselling.
  • You have a right to request for and be provided with reasons if your application for debt counselling is rejected.
  • Do not give/pay the debt counsellor money to pay your credit providers. You can either pay your credit providers directly or use a Payment Distribution Agent (PDA) that is registered with the NCR. There are currently only four NCR registered PDAs whose details can be found at www.ncr.org.za or by calling the NCR on 011 554 2600.
  • If you experience any challenges under debt counselling, your debt counsellor is your first point of contact. Make use of your debt counsellor and always ensure that you are kept in the loop on the progress of your application.
  • If your debt counsellor is un-contactable, please contact the NCR immediately for assistance.

Consumers are also encouraged to remain responsible for their finances when they are under debt counselling. “They should ensure a full and correct financial disclosure at time of application, make monthly repayments as agreed on the restructuring plan, follow up on monthly payments made to the PDAs and also ensure that they understand the process, applicable fees and implications”, says Legodi.

Legodi also clarifies the following points about debt counselling:

  • Debt counselling does not cancel your debts, it helps you make reduced payments using your disposable income.
  • When under debt counselling, consumers cannot apply for further credit.
  • A consumer’s credit bureau profile will display a debt counselling flag/indicator until a clearance certificate is issued by the debt counsellor.
  • The debt counselling process does not have a specified period to run, it depends on each consumer’s financial circumstance and the type of credit agreement the consumer has.
  • You can be issued with a clearance certificate even if you have a home loan that is not paid up. If the home loan is up to date and you have paid up all your short-term debts including vehicle finance.
  • Debt counselling is not a savings plan – Don’t fall for advertisements that promise you over 60% savings on your monthly instalments.

“Remember, it is debt counselling and not debt cancelling. Therefore, you are still liable to pay your debts when under debt counselling”, concludes Legodi.

Article Issued by: The National Credit Regulator

Credit Pretoria

Credit Pretoria

Credit Pretoria

 Looking for credit in Pretoria? Credit salvage companies can help you! Credit Pretoria can help you when you are looking for a personal loan or a home loan. Credit Pretoria will find the best and most competitive loan for your needs. Credit Pretoria also offers invaluable services such as: Debt consolidation and help with rescission of judgements. If you have been blacklisted for credit Pretoria can help you with small but invaluable services such as applying for a cell phone contract. Credit Pretoria’s customer service will offer the best advice for any kind of credit need.

For more information Request a Call Back or Contact Us

 

 

Other important articles

Help with Debt Consolidation

Debt Consolidation Help

Debt Consolidation Help

 

Dealing with false promises and false perceptions about Debt Consolidation Help

A credit provider company or bank will be able to give you debt consolidation help. If you feel you are drowning in debt you might be thinking it is time to get help with debt consolidation. Debt consolidation help has a perception that it will enable you to take all your debt and put it under a single loan, making repayments easier. 

Every bank or credit provider company has its Interest rate and credit policy, and it is up to the credit provider to decide whether you can afford the repayments on the loan. 

It is advisable to get debt consolidation help from a registered and reputable debt consolidation company. There is also a misconception that a debt consolidation loan will help you save hundreds if not thousands!

Dealing with the truth about debt consolidation loans.

If you have reached a point in your life where your debt is becoming a problem to repay you might have considered applying for a debt consolidation loan. 

As soon as you have thought about the info that is supplied to you in this short article about Debt Consolidation Loans, you will be in a much better position to identify whether a Debt Consolidation Loan is the most suitable choice out there for you today.

In easy terms, a Debt Consolidation Loan is a loan that gets granted to supply you with the funding needed to pay off all your present financial obligations while only having the consolidation loan to repay. 

Will You Get Approved for Debt Consolidation Loan?

Currently with the strict National Credit Act and reckless lending rules, it is difficult to get a Debt Consolidation Loan. To qualify you must have a squeaky-clean credit history and a credit score that is not in the proverbial risk zone. Simply put, to get a Debt Consolidation Loan, you will not have any adverse accounts reflecting on your credit report.

The disadvantages with a Debt Consolidation Loan are that if you do qualify for a loan the amount on offer might not be enough to cover all your debts. Consumers will still take the loan even though the amount is not enough to cover all debts creating an extra massive debt burden to settle. 

Before considering a debt consolidation facility, please contact us first. Our debt counselling product might be a far superior product to assist you to get rid of debt.

Read more about Debt counselling here Debt review process step by step

Other important articles

Credit Salvage Companies in South Africa

Credit Salvage Companies

Credit Salvage Companies

 

Credit Salvage companies offer several invaluable services that can help you with any financial problem. If you are looking for debt consolidation or recession of judgements, credit salvage companies can help you find the best solution for your needs. Credit salvage companies also offer personal loans to help you with school fees, holidays, and emergencies. For home loans credit salvage companies offer competitive rates as they will shop around on your behalf. If you are blacklisted, credit salvage companies can help you, from clearing judgements to the more everyday issues such as getting a cell phone contract.

For more information Request a Call Back or Contact Us

 

 

 

NCR PROFILE 

Trading Name: Credit Salvage Debt Counsellors
Phone: 087 898 0897
Fax: 0865374733
Email Address: This email address is being protected from spambots. You need JavaScript enabled to view it.
Final Registration Date: 2014-04-07
NCR Registration No. NCRDC2338
Physical Address: 63 North Road, Linden
Postal Address: PO Box 5725, Cresta, 2118
Town: Linden
  Registered!

Hellopeter Profile

Credit Salvage Corporation SA (Pty) Ltd
Credit Salvage on Hellopeter Consumer Portal

 

Average rating of 4.13 from 15 reviews

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benefits of debt counselling

ITC Clearance application form

credit clearance online Application

 

Credit Bureau Clearance Services - Credit Repair South Africa

We are one of South Africa's leading Credit bureau clearance companies, responsible for delivering impeccable service and world-class customer services. We make the process of credit bureau clearance a happy and satisfying experience. 

Have you been declined for finance?

We can assist you to restore your credit reports and, in the process, increase credit scores.

Are you Struggling to get your credit reports in order? If you've been turned down for finance, vehicle finance or even home loan applications our knowledgeable team is here to help.  

With your consent, we will access your profile from 4 of South Africa's major bureaus. From there we work on your profiles and provide you with the required results.

Our success and satisfied clients speak for themselves.

We care and we listen to EACH client. We put ourselves in our client's shoes and then we make a plan that works. Our success is only measured by results, the most important being how our clients feel about their experience with us.

We work efficiently, quickly and each client gets personal attention. 

Our process is effective, quick and easy. If you are interested in taking this rewarding journey with us complete our online application and let us wow you with our dedication.

Credit Salvage Testimonials

How WE Can Help You!

Benefit from our Expertise and sign up today.
  • Unlike other companies with hidden costs, we have a low pricing structure with no hidden fees.
  • Quick turnaround times when dealing with us
    • We will start the clearance process in a couple of hours of receiving a signed application form. 
  • You will know exactly what is wrong with each of your credit bureau profiles
    • Prospective credit providers will decline credit applications upfront due to low credit scores
  • A detailed credit score analysis and plan of action to improve credit scores. We deal with 4 of the major credit bureaus in South Africa.
    • Transunion
    • Experian
    • Compuscan
    • XDS
  • No face-to-face interview required
    • We assist clients countrywide
    • World-class reporting system to ensure you stay updated throughout the entire process
    • It is extremely easy to get hold of your account manager through website chat, telephone, WhatsApp, and email.
  • Professional interaction with all bureaus. Removals and updates to adverse accounts and listings
  • Credit Score Improvements
  • Registered with various industry regulatory bodies.
  • 16 years of industry experience with hundreds of positive referrals and positive reviews. We care and we make a plan!
  • Easy online credit clearance application
  • Money-back guarantee.

Process

 Credit Bureau Clearance Process Credit Salvage min

Cost Structure

Please find below our cost structure. Fees can be paid once off upfront or in affordable monthly repayment instalments. 

We have a repayment plan suited to every budget. Don't delay. Start today! 

Credit Bureau Clearance costs min

Let’s Fix Your Credit Rating

You found us so it would be a fair assumption that you might have been blacklisted or is not creditworthy. This poor credit rating and credit score are stopping you from moving forward in life.

To start our credit bureau clearance process simply follow the steps in our online application or you can call one of our customer-focused support staff on 0878980895/6/7/8

Have more questions you wish to have answered? Please visit our frequently asked question page for answers. Credit Clearance FAQ page

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Please insert your exact Gross Salary as per pay slip. This information will be used to calculate your debt-to-income ratio which is used by Credit bureaus for scoring purposes.

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Please insert your exact NET Salary as per pay slip. This information will be used to calculate your debt-to-income ratio which is used by Credit bureaus for scoring purposes.

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Costs and Benefits

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Payment option

Please Note: Unfortunately, we are unable to accept EFT as a form of payment for monthly instalments. If you require the fees to be repaid in instalments please choose the debit order option above and complete your details as required.

Debicheck 

Should you prefer to repay our fees in affordable instalments for up to 5 months please complete the following debit order details.

Please take note that we DO NOT require an upfront or deposit payment. We will start the process, as mandated by you, as soon as the Debit Order is authenticated by you.

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Please confirm your repayment amount

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Debicheck Terms

DebiCheck is a debit order collection method that we will use to collect money from you to pay for our services. We DO NOT require an upfront payment to start with any work. We however do require that a valid authenticated DebiCheck is in place for future collections.

DebiCheck is a debit order payment method where payments are processed in the early morning and we must both follow additional steps if you want to pay us from your account via this debit order payment method.

Payments processed under this mandate will commence at different times:

  • If this mandate is provided for a new agreement with us, the date on which the first payment is processed will be determined as per your debit order mandate signed.
  • If the mandate is provided for an existing agreement with us, the date on which the first payment is processed will be the same payment day as per the original mandate signed after you have authenticated this mandate.

General

If you do not have funds available on the stipulated payment day, we may be unable to collect a payment, you will remain liable for all unpaid amounts due by you.  If your debit order is not paid, you may be in breach of your agreement with us.

We may continuously look into your account before and after the payment day and resubmit the collection should we not have been successful in collecting on the payment day.  This is called “tracking”.

If you have an existing DebiCheck mandate, this mandate will then replace the existing mandate.

Declaration

I, the undersigned, request Credit Salvage to arrange with my bank to collect, by means of the debit order system, the payments in terms of the stipulations of the contract and payments in arrears (as they may be amended from time to time/where applicable/where so requested) of the above-mentioned against my account.

Benefits (The paid fee will give you the following service)

Credit bureau checks, Credit clearance and/ or updates Clearance of Listings, Reckless lending, Prescription cases and budgeting advise. Credit score monitoring and advise for a period of 6 months after clearance.

Should you wish to make an eft transfer please contact us directly on 0878980895.

Power of Attorney and Fee Agreement

Credit Salvage Corporation (hereinafter referred to as CREDIT SALVAGE) and their duly nominated employees with the power of Substitution, to be my Agents in my name, place, and stead to access all my personal financial and credit information, whether telephonically or online (using my personal information) or any other means available to CREDIT SALVAGE. CREDIT SALVAGE will ensure the confidentiality of this information. This information will be used to be able to deal with clearing and/ or updating my ADVERSE INFORMATION in accordance with the National Credit Act.

This includes but is not limited to:

  • Obtaining my credit reports (before and on finalisation of the process)
  • Obtaining outstanding balances from my Creditors
  • Obtaining copies of contracts and/or any other documentation about alleged credit provided to me by my Creditors
  • Providing me with proposals to remove and/or update my adverse listings, obtaining paid-up letters and lodging credit bureau disputes on my behalf.

Get paid-up confirmations and paid-up letters from past and current creditors and obtain any legal paperwork necessary to revoke judgments. Prepare, sign, and file documents with any governmental body and credit providers. Employ professional and business assistance as may be appropriate, including attorneys, accountants, real estate agents, and Bond originators. Obtain information or documents from any government or credit providers, and negotiate, compromise, or settle any matter with such government or credit providers.

I also authorise CREDIT SALVAGE to release any such information as may be necessary about my identity, my employment status and my financial circumstances to any other person/institution, provided that it is related and limited to my current credit status, and generally for effecting the purposes aforesaid, to do or cause to be done whatsoever shall be requisite, as fully and effectually as I might or could do if personally present and acting herein.

I undertake to confirm any actions by CREDIT SALVAGE in terms of this Power of Attorney should I be called upon or required to do so.

Regarding Section 13 of the Protection of Personal Information Act No. 4 of 2013 Act (POPIA), I give my consent to CREDIT SALVAGE providing my personal information, but not limited to my name, identity number and account number, to my Creditors. In turn, I consent to my Creditors providing CREDIT SALVAGE with the information requested by them pertaining but not limited to balances, statements, prescription letters, paid-up letters, contracts, documents, and any other information required by CREDIT SALVAGE should any matter that I have mandated CREDIT SALVAGE to deal with, become disputed.

I confirm that I know the said information exchanged between CREDIT SALVAGE and my creditors will only be used to improve my credit status at the different credit bureaus. This Special Power of Attorney shall continue effective until my cancellation with Credit Salvage or by “the attorneys” nominated by CREDIT SALVAGE. This Power of Attorney may be revoked by me at any time by providing written notice to CREDIT SALVAGE.

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Power of Attorney and Fee Agreement - Continue

CREDIT SALVAGE CORPORATION SA (PTY) LTD (Hereinafter referred to as “CREDIT SALVAGE CORPORATION”) AND/OR THE ATTORNEYS NOMINATED BY THEM (HEREINAFTER REFERRED TO AS “THE ATTORNEYS”) With the power of attorney and substitution to render the necessary professional service (done by CREDIT SALVAGE) and legal services (done by “the attorneys” nominated by CREDIT SALVAGE)

  • I confirm that I am aware that Credit Salvage Corporation SA (Pty) Ltd and/or the attorneys may withdraw as my agent and/or attorneys for good cause, or in the event of my failing to pay any fees or disbursements in terms of this agreement. In the event of nonpayment Credit Salvage Corporation SA (Pty) Ltd and/or attorney shall be entitled to retain all documentation in their possession, whether prepared by them or not, until the full amount outstanding in respect of administration and/or legal fees is paid. Work will only commence once the first payment has been paid into the nominated account. In the case of a debit check once the debit order is authenticated. No matter will be finalised until receipt of full payment of the actual administration fees and has been paid in full. 
  • I fully understand and agree that should Credit Salvage Corporation SA (Pty) Ltd and/or the attorneys be unsuccessful in obtaining any rescission, removal or updating of any judgment, adverse, default or any listing against me, I will not be entitled to a refund of any fees paid by myself. I further understand that it may not always be possible for Credit Salvage Corporation SA (Pty) Ltd and/or attorneys to be successful in the rescission, removal updating of any judgment, adverse, default or any listing against me, however, they will endeavor to positively upgrade these listings. I FURTHER UNDERSTAND THAT THIS PROCESS IN NO WAY GUARANTEES ME SUCCESS IN ANY FUTURE CREDIT APPLICATIONS, AS THE GRANTING OF CREDIT IS ENTIRELY AT THE SOLE DISCRETION OF THE REGISTERED CREDIT PROVIDER AND NOT AT THE DISCRETION OF THE REGISTERED CREDIT BUREAU. 
  • I confirm that should this mandate be terminated for any reason whatsoever, that Credit Salvage Corporation SA (Pty) Ltd and/or attorneys shall be entitled to charge wasted costs occasioned by any work already commenced by them, in addition to a cancellation fee of R750. Please note that once the matter has been handed over for collections, you will be liable for all collection costs. 
  • I hereby authorise Credit Salvage Corporation SA (Pty) Ltd and/or attorneys to conclude settlement negotiations with my various creditors. Should Credit Salvage Corporation SA (Pty) Ltd be successful in negotiating a reduced settlement amount payable by me to the creditor, I agree to pay Credit Salvage Corporation SA (Pty) Ltd the sum of 20% (twenty per cent) of the said saving as a negotiating fee. This negotiating fee shall be payable over and above the administration fees quoted. I hereby also appoint Credit Salvage Corporation SA (Pty) Ltd and/ attorneys to be my broker and that they, or their representatives, have the authorization to access any of my personal information, including credit bureau reports held by a registered credit bureau.
  • To keep administration and legal fees to a minimum, I understand that Credit Salvage and the attorneys shall only contact me as and when necessary and only when progress is to be reported to me. In this regard, I confirm that any additional telephone calls and/or consultations made by me when enquiring about progress shall be payable by myself in addition to the administration and/or legal fees quoted.

Credit Salvage Corporation SA Contracted Services Agreement 

This Credit Salvage Corporation SA Contracted Services Agreement (“Agreement”) is entered between Credit Salvage Corporation SA, a Randburg Johannesburg based company trading as Credit Salvage, with its registered office at 20 Spreeu Avenue Randparkridge 2156 (“Company”, “Credit Salvage”, or “we”), and the Customer or as identified within the signature block or as identified within your Credit Salvage online customer account (“Customer” or “you”). This Agreement contains, among other things, class action, arbitration, warranty disclaimers, liability limitations and use limitations.

1.0 Services

1.1 LENGTH

The term of this contract is valid for a maximum of 6 months (“Initial Term”). Failure to complete the agreed upon Initial Term shall result in financial charges related to an estimate of cost and services that are allocated in section 4.2. After the expiration of the Initial Term this Agreement shall not be renewed.

1.2 TOTAL COST OF YOUR AGREEMENT

The total cost for the Services provided during the Initial Term is R2800 for credit clearance services or R5500 for debt review removals.

Please be aware that the total cost for Services does not include any fees for any additional services selected or other charges and does not include any additional fees owed after the expiration of the Initial Term.

1.3 COST BREAKDOWN

Your first payment is as per your debicheck debit order instruction. (This includes a flat set-up fee if applicable). All subsequent months or periods shall be billed monthly and shall recur until the full contract amount has been repaid in full including debit order fees, collection charges (if any).

1.4 SERVICES

The “Services” offered by Credit Salvage may include credit clearance services, reduced settlement negotiations services, debt review removal services, credit bureau report services, or other services as offered through the Credit Salvage website and as selected by Customer.

2.0 Mutual Cooperation

2.1 TIMELY INVOLVEMENT

Oftentimes Credit Salvage shall require assistance or inputs from you to obtain paid up letters in the cases we see delays from creditors to provide such letters or any deliverables as selected by you. Please be aware that your cooperation is required, and we are not responsible for any delays in production related to abating paid-up letter delays imposed by your creditors.

3.0 Terms of Payment

3.1 BILLING SCHEDULE

You will be billed the amount set forth in Section 1.3 upon execution of this Agreement, and any monthly fees shall subsequently be billed on the same date each month (or the last day of a month should the agreement fall on the 29th, 30th, or 31st of a month).

3.2 PROMOTIONAL RATE

For this agreement, you will receive a 6-month after-care service after your credit report is updated to a value of R2500. Credit Salvage is not required to offer any promotional rates for any Services and may discontinue or withhold any promotional rates at its discretion. The Free aftercare services relates to matters, we have dealt with and will exclude assistance on any newly listed adverse credit bureau listings.

Promotional details:

Credit Salvage will waive a registration fee (R997). In addition, you will receive a free 6 month after care service after clearance.

3.3 CUSTOMER AGREEMENT TO PAY

You agree to pay all fees due and owing for any Services in a timely manner as set forth within this Agreement. Where you fail to timely pay any fees, Credit Salvage at its discretion may suspend your access to the Services or terminate this Agreement at its discretion.

3.4 COLLECTION COSTS

If we incur legal fees, costs, and disbursements to collect payments that are unpaid or overdue, you agree to reimburse us for these expenses related to such collection efforts.

4.0 Term and Termination

4.1 PERIOD OF AGREEMENT AND NOTICE OF TERMINATION

This Agreement shall become effective as of the date of signature and shall continue until terminated by either party subject to this Agreement. Except as provided otherwise within this Agreement, neither party may terminate this Agreement during the Initial Term. After the expiration of the Initial Term either party may terminate this Agreement by providing notice to the other party.

Credit Salvage reserves the right to terminate this Agreement immediately, at any time, if Customer fails to pay any Service fees in a timely manner or if Credit Salvage believes that Customer’s actions may or will harm Credit Salvage or a third party’s business interests.

5.0 General Provisions

5.1 DISCLAIMER

The Services are offered on an “as-is” and with all fault's bases. Services may be temporarily unavailable for scheduled maintenance or for unscheduled emergency maintenance, either by Company or by third-party providers, or because of other causes beyond Company’s reasonable control. The company does not warrant that the Services will be uninterrupted or error free; nor does it make any warranty as to the results that may be obtained from use of the Services. EXCEPT AS EXPRESSLY SET FORTH IN THIS SECTION, THE SERVICES ARE PROVIDED “AS IS” AND COMPANY DISCLAIMS ALL WARRANTIES, EXPRESS OR IMPLIED, INCLUDING, BUT NOT LIMITED TO, IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, AND NON-INFRINGEMENT.

5.2 INDEMNITY

Customer shall indemnify and fully hold harmless Company against all claims arising from its use of the Services or any breach of this Agreement. Where indemnity is triggered under this provision, Company reserves the right to select counsel and control litigation and settlement.

5.3 LIMITATION OF LIABILITY

NOTWITHSTANDING ANYTHING TO THE CONTRARY, EXCEPT FOR BODILY INJURY OF A PERSON, COMPANY AND ITS SUPPLIERS (INCLUDING BUT NOT LIMITED TO ALL EQUIPMENT AND TECHNOLOGY SUPPLIERS), OFFICERS, AFFILIATES, REPRESENTATIVES, CONTRACTORS AND EMPLOYEES SHALL NOT BE RESPONSIBLE OR LIABLE WITH RESPECT TO ANY SUBJECT MATTER OF THIS AGREEMENT OR TERMS AND CONDITIONS RELATED THERETO UNDER ANY CONTRACT, NEGLIGENCE, STRICT LIABILITY OR OTHER THEORY: (A) FOR ERROR OR INTERRUPTION OF USE OR FOR LOSS OR INACCURACY OR CORRUPTION OF DATA OR COST OF PROCUREMENT OF SUBSTITUTE GOODS, SERVICES OR TECHNOLOGY OR LOSS OF BUSINESS; (B) FOR ANY INDIRECT, EXEMPLARY, INCIDENTAL, SPECIAL OR CONSEQUENTIAL DAMAGES; (C) FOR ANY MATTER BEYOND COMPANY’S REASONABLE CONTROL; OR (D) FOR ANY AMOUNTS THAT, TOGETHER WITH AMOUNTS ASSOCIATED WITH ALL OTHER CLAIMS, EXCEED THE FEES PAID BY CUSTOMER TO COMPANY FOR THE SERVICES UNDER THIS AGREEMENT IN THE SIX MONTHS PRIOR TO THE ACT THAT GAVE RISE TO THE LIABILITY, IN EACH CASE, WHETHER OR NOT COMPANY HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES AND WHETHER OR NOT THE DAMAGES WERE REASONABLY FORESEEABLE.

5.4 MISCELLANEOUS

If any provision of this Agreement is found to be unenforceable or invalid, that provision will be limited or eliminated to the minimum extent necessary so that this Agreement will otherwise remain in full force and effect and enforceable. This Agreement is not assignable, transferable or sublicensable to the Customer except with Company’s prior written consent. Company may transfer and assign any of its rights and obligations under this Agreement without consent. This Agreement

including Credit Salvage Terms of Service (terms and conditions) is the complete and exclusive statement of the mutual understanding of the parties and supersedes and cancels all previous written and oral agreements, communications and other understandings relating to the subject matter of this Agreement, and that all waivers and modifications must be in a writing signed by both parties, except as otherwise provided herein. Where there is a direct conflict between this Agreement and the Terms of Service, this Agreement shall control. No agency, partnership, joint venture, or employment is created because of this Agreement and Customer does not have any authority of any kind to bind Company in any respect whatsoever. All written notices under this Agreement may be delivered to Credit Salvage at the address listed above (delivery proof required) and to the Customer through Customer’s Credit Salvage account or contact information provided to Credit Salvage by the Customer. This Agreement shall be governed by the laws of South Africa without regard to its conflict of law’s provisions. All disputes arising out of or relating to this Agreement, including fraud in the inducement, whether in contract or tort, law, or equity, shall be resolved by final arbitration before one arbitrator.

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