We offer the following services:
Let us take care of your creditors
So you had financial difficulties in the past that affected your ability to honour your obligation towards creditors and these creditors hand you over to debt collecting agencies and lawyers.
It is horrible receiving phone calls during working hours and you have to give them a commitment right there and then while everybody is listening in the office that you promise to pay a certain amount a month. Even worse is when you are exhausted and you get home from a busy day at the office and just as you are in the middle of your family supper the phone rings and guess what it's the inexperienced debt collector on the phone trying to make their target without listening to reason.
It is irritating and degrading and not to mention the unpleasant demand letters from lawyers. Unfortunately, the problem will not go away by simply ignoring it instead the problem will just get bigger and you will land up with extra interest being charged and the dreaded legal fees. In the end because of the contract that was signed years ago with all that small print you will have to pay and if it does not get paid you will possibly land up with your possessions being taken away, garnishee orders initiated against your salary or even your house being repossessed.
Register with us and we will help you take care of your creditors
Once you take the first step by registering with CREDIT SALVAGE CORPORATION SA (Pty) Ltd , we will immediately contact each of your creditors, individually, and let them know that we are in the process of clearing your name of any judgments with the local credit bureau, and also let them know of your interest in settling your outstanding debt with them. Negotiating and reaching a settlement usually takes several phone calls and communication between us and the creditor and yourself. Throughout the program, we communicate with your creditors, on your behalf, and you will no longer be dealing with burdensome phone calls and letters from your creditors. Our main goal as it is our company's mission statement is to clear all judgments that you might have. We work only for our clients; not for the benefit of the creditors. It is the first step to becoming financially secure, and debt settlement may be your best option.
We're confident and our experience has shown that this Credit Clearance is the best solution for many blacklisted consumers. However, we also fully understand that our debt negotiation and our credit clearance service is not for everyone, so let us give you an analysis and see if you qualify, and find out whether the service we provide is right for you. If our services aren't eligible for you or doesn't fit your situation, we'll even go out and find and refer you to a company that can better service your needs.
Credit Clearance Process
STEP 1 - Register
Client registers with Credit Salvage Corporation SA (Pty) Ltd in order to cover administration costs.
STEP 2 - Credit Checks
In order to start the Credit Clearance process we will obtain your personal credit profile from the various Credit Bureaus, TransUnion ITC, Experian, Compuscan. We will also obtain your payment profile from the NLR (National Loan Register). From these records we will exactly see what to do in order to clear your name from the various credit Bureaus. We advise you accordingly and send you your profile for your own records. We establish and report on how many listings reflects on your personal profile. We also assist in setting up of a monthly budget
STEP 3 - Client agrees and signs Legal Pack and Mandate (Power of Attorney)
We send you your legal Pack which shows you which companies have listed you as a bad payer. You will read the legal pack and if you are 100% with the legal pack you will sign the power of attorney and send us back the legal pack to commence with your matters.
STEP 4 - Creditors
We contact your creditors and establish if there is an outstanding amount due to the creditor who has blacklisted you.
STEP 5 - Judgments which have been paid in full
All the listings which have been paid in full we will immediately send those creditors our legal documents for them to sign. The creditor will sign these documents and send back to us in order to apply for a rescission of judgment. Once we have received the original documents and a court file our attorneys will then apply for a court date and apply for a rescission of judgment. Because it is motion you don't need to appear in court we will do everything for you. Once the judge has gone through the necessary documents a court order will be issued to rescind the judgment. With this document which we will receive will then be forwarded to the various credit bureaux to permanently remove the listing from their database. A copy of the court order will also be forwarded to you for your records.
STEP 6 - Judgements which still has an outstanding balance
All the listings which still have an outstanding balance we can then arrange a loan facility for you to pay off these creditors. We can't proceed further until the debt in question has been paid in full. Please see our loan products for the process. Once the loan has been approved we then negotiate on your behalf a better settlement amount. Once we have received confirmation of the new settlement amount the debt will then be paid. Once the debt has been paid in full the above mentioned step (number 5) will then be followed to obtain the rescission court order. Once you have been cleared form the adverse listings we will then assist with a home loan application.