Judgements, admin orders, defaults, garnishee orders, debt review
— Refers to the removal, improvement or management of the above so that your credit score can improve so that you may qualify for loans again OR so that we can protect you from the harassment of creditors and their debt collectors.
Credit bureaus are businesses which maintain and make available to contracted subscribers and the consumer (you), information concerning the manner in which consumers conduct their credit and business dealings. The bureaus will record adverse listings in their records of individuals who have been handed over for collection, in instances where:
debts have been written off as bad,
where a debtor is reflected as a poor payer
or for other good cause. (Judgments, Admin Orders, Defaults, Garnishee Orders or Debt Review)
To have the adverse listing removed – at the very least you will have to pay the amount owing in full and then hope the creditor will write a letter to the bureau concerned to delete the blacklisting.
Creditors are not obliged to assist you.
Having a Bad Credit Record can have a devastating effect on your life.
You can’t buy the things you want, open a bank account or even get that job you have dreamed of. IF you are able to get finance, it is likely that you will have to pay a much higher interest rate or put down a large deposit. It is NEVER a good idea to be blacklisted and if you are, it is important to clear your name as soon as you can.
Once blacklisted, you will have a bad credit record for 3 to 30 years, depending on the type of listing. Even after this period of time a judgment can be issued against you if you have not paid the money that you owe. It is unfortunately very difficult to have your name cleared once you have a bad credit record.
Even if you have a good excuse for not paying your debt, like you were; Retrenched or sick, it will not be enough to have your name cleared.
Paying back the money that you owe is also not enough to clear your credit record.
BayClear prides itself in assisting people who have been “blacklisted” by Creditors in order to repair their credit worthiness, under its Financial Legal Advice Service.
As part of our offering we offer legal advice to all our clients . Legal advice can cost you large sums of money and we take this burden off you. Often people do not know what their rights are and ﬁnd it daunting to access the right legal channels to resolve disputes. This leads to many people ignoring their legal problems, in the hope that it will go away. Or they simply hope it won’t happen to them. Research reveals that 9 out of 10 people will need legal assistance in their lifetime, but when considering that the Court only finalizes about 55% of its cases within a year and on average, litigation attorneys charge over R2000per hour, it becomes clear that most people are left without recourse.
Call us on 087 058 1330 or Email email@example.com to get assistance.