VEHICLE FINANCE IF YOU ARE BLACKLISTED


Mediation - It is an information debt restructuring program

• CJM Solutions will negotiate direct with your creditors on your behalf
• CJM Solutions will Lower your monthly installments by 50%.
• You remain CREDIT WORTHY
• Your name won’t be flagged on credit bureau.
• While you under the program your credit profile is positively enhanced.
• NO more harassing calls or letters demanding payment.
• You have more money in your pocket every month.
• No upfront fees or charges.

WE WILL

• Negotiate with your credit providers on your behalf,
• Reduce your monthly repayments,
• Save you money and increase your disposable income,
• Assist you to improve your ITC and Experian records – once your creditors are paid

YOU WILL

• NOT be listed on the ITC,
• Pay one monthly amount for ALL your debt,
• Know exactly how much you have available to spend each month,
• Be able to focus and concentrate at work,
• Be able to track all payments to creditors.

Required Documents

Pay Slip

Two Bank Statements

ID Copy

Accounts Statements or Credit Report

What makes Debt Mediation a viable alternative?

• If you are not already blacklisted, it can be prevented,

• Legal action, can be prevented where possible;

• Alternative arrangements are made with your credit providers, on your behalf, to reduce your instalments;

• If you are over indebted, we can, apply the industry restructuring rules, avoiding a court process,

• If the rules are applied correctly, credit providers that are members of the NDMA are obliged to accept the proposal;

• You will be provided with an agreed, affordable and realistic monthly budget in order to resolve the situation in the shortest possible time;

• You will enjoy an improved financial position.

 

DEBT REVIEW

 




DEBT REVIEW - Formal agreement with credit providers

All credit accounts must form part of the agreement
Agreement approved by court
Home Loans and vehicle finance form part of the agreement
If married COP both husband and wife are placed under Debt Review
Debt Review listing on credit bureau
Client may not apply for credit while under Debt Review
All assets secured under the program
No harassment from creditors
Credit providers deal with Debt Councillor
Debt can be reduced to a minimum of 30%

Required Documents



Pay Slip

Two Bank Statements

ID Copy

Accounts Statements or Credit Report

 

Debt Review and Administration Rescissions

 





Debt Review and Administration Rescissions -

1. A rescission is where a client wants to end/cancel a debt review or debt administration order
2. This is carried out at court
3. Our attorney acts on the clients behalf to appeal to the court to cancel the order
4. Our attorney will assist in having the status removed from the credit bureaus
5. The client may then be placed under mediation if needed
6. The client may also be able to apply for credit once the status has been removed

Required Documents



Pay Slip

Two Bank Statements

ID Copy

Accounts Statements or Credit Report


 

Garnishee removal

 




Garnishee removal - helping you with your Garnishee removal

The stats are showing over 96% of garnishees defective and fraudulent CJM Solutions will investigate your garnishee if is legal/defective or not If Garnishee is illegal/defective our attorneys will proceed with process of:

1. Removal of a Garnishee from client payslip

2. Recoveries of money illegally deducted from client

Required Documents

Completed application form

pay slip (latest 3 pay slips if commission earner)

3 months bank statements - reflecting the latest 3 salary deposits.

Copy of ID

Copy of valid driver’s license

Proof of residency


 

VEHICLE FINANCE IF YOU ARE BLACKLISTED

 




VEHICLE FINANCE - IF YOU ARE BLACKLISTED

The system is based on “rent-to-own” to accommodate as many clients as possible. All vehicles are 1 year old models with 50 000 to 60 000 km on the odometer. Vehicles come with a full service history, accident free report and are in mint condition. Although we have a limited range of models, you have a choice of approximately 20 vehicles of each model. The rental period and repayment is fixed over 54 months, the car then belongs to you. You will have the option to trade the vehicle in for a newer or different model after 18 months.

Our attorney will assist in having the status removed from the credit bureaus

The client may then be placed under mediation if needed

The client may also be able to apply for credit once the status has been removed

Criteria

1) You must be able to afford the vehicle installment based on income and expenses on your bank statement.

2) You must earn a basic salary of R12 000 pm. (Before deductions)

3) You need a deposit of R15 000 (Depending on your choice of vehicle)

4) Have a valid South African drivers license.

Clients who may apply:

A) If you have a poor credit profile
B) If you are blacklisted, under administration or debt review.
C) If you have been declined by normal finance houses.