Time has flown by so fast, can you believe that this year ends in 3 months not counting the very month we find ourselves in!
Spring is in the air and this means different things for each of us. For some it’s a summer body, for others it’s getting finances in place for that new car or home or budgeting to see how best we start saving for that holiday or maybe you asking yourself how can I be less stressed financially?
We are unique and so are our needs. We have solutions for your needs find out more by accessing our website www.standardbank.co.za
What are these debt solutions and how can they help you?
The debt solution offering has short- and long-term solutions. Short term solutions refer to restructure of debtwhile long term solutions refer to consolidation. Every solution will therefore fit the unique circumstance and situation of the customer.
Solutions offered, differ based on circumstances and affordability.
Payment Arrangements, this is where an arrangement to pay off your debt over a period is agreed between yourself and the bank. This helps free up some cash which can then be used for your other financial commitments.
Respreads, if you are overdue by a small amount, contact us and we can possibly assist you in removing your arrears, adding it to your outstanding balance and extend your repayment term.
Suspension, is an option that freezes payment over a period allowing you to sort out your other credit commitments
Consolidation an option that enables you to combine various debts into a single manageable account. Instead of making payments on various accounts with various interest rates, why not pay a single amount at a single interest rate?
So how does this work?
There is a quick assessment that needs to be done based on a criteria, if you fit the criteria the following will need to happen