|
FULL BENEFITS OF VOLUNTARY SURRENDER |
||||
|
YOUR CREDITORS |
Current Amount |
New Amount |
||
|
Creditors at required interest |
Creditors at 30 cents/rand |
|||
| African Bank Loan |
R 32 232.00 |
R 1 200.24 |
R 9 669.60 |
R 537.20 |
| African Bank Credit Card |
R 23 545.00 |
R 876.76 |
R 7 063.50 |
R 392.42 |
| FNB Loan |
R 18 100.00 |
R 993.48 |
R 5 430.00 |
R 301.67 |
| FNB Credit Card |
R 12 333.00 |
R 633.74 |
R 3 699.90 |
R 205.55 |
| Bayport Loan |
R 8 432.00 |
R 830.75 |
R 2 529.60 |
R 140.53 |
| Capfin Loan |
R 4 568.00 |
R 899.98 |
R 1 370.40 |
R 76.13 |
| Wonga Payday loan |
R 3 000.00 |
R 3 150.00 |
R 900.00 |
R 50.00 |
| Foschini Group |
R 4 525.00 |
R 801.03 |
R 1 357.50 |
R 75.42 |
| Edgars |
R 2 789.00 |
R 493.72 |
R 836.70 |
R 46.48 |
| Truworths |
R 2 956.00 |
R 523.28 |
R 886.80 |
R 49.27 |
| AVERAGE |
R 112 480.00 |
R 10 402.98 |
R 33 744.00 |
R 1 874.67 |
- You need to earn a gross income of R9000,00 per month
- You only pay R1874.67 per month for 18 months to a curator.
- There will be a judgement on your credit report for 48 months.
- Legal Costs @ R7500,00 to start this process and then you only pay R1874.67 for 18 months.
- Legal Costs can also be spread over 2 months @ R3750 per month and then only start paying R1874.67.
