The consumers voluntarily enters the Affordable Debt restructuring program and opt in for this long-term solution whereby CUD CREDIT SUPPORT work together with the consumers’ creditors, explaining to them the unfortunate financial situation that the consumer finds themselves in, and the consumer is not in a position to meet all their debt obligations in full instalments and repayments.
The consumer is however willing to still honor the debt repayment with a lower, more affordable, instalment over a longer term. The consumer will accept a debit order request that deducts the agreed instalment every month from their bank account. These monies are then paid into the PDA account at and paid-over to CREDITORS on behalf of the consumer.
The main aim behind the Debt restructuring program services is to get the consumer to financial freedom in a shorter period than planned, by implementing a savings program by looking at Prescription, the In Duplim rule and overcharge in interest to save the client money.
• No time to make the monthly instalments to the creditors or visit the creditors to make the payments.
• The consumer consists of the following listings on their Credit Report: Judgements, Adverse, Debt Review,
Administration order and overall arrears on accounts.
