Financial rehabilitation through debt distribution
Specializing in credit score restoration and mitigation of factors negatively impacting creditworthiness, Wealthtec offers comprehensive solutions addressing defaults, debt review, and other credit-damaging issues. With a commitment to empowering clients financially, our expert specialist navigates complex processes to restore credit health and secure financial stability.
Business model and product offering
A Credit Profile Assessment (CPA) forms the basis of our customers’ journey to financial freedom.
It is like a doctor who has to perform a health check-up before he can diagnose a patient’s problem. So, before specific solutions can be tailored to our customers’ needs, we need to perform a Credit Profile Assessment. Think of it as a financial health check. This product is only a once-off cost.
How does this work?
■ One of our Credit Legal Specialists will engage with a customer telephonically, and explain that this is the first step in the process.
■ Only after doing the Credit Profile Assessment (CPA), can they discuss further options with the customer.
■ If the customer agrees to starting the process, they will be requested by our Credit Legal Specialist to approve the once-off payment using their cellphone. NO unauthorised deductions can take place since we use the DebiCheck system. DebiCheck is a secure debit order payment system that allows the customer to electronically approve their debit order details. This will prevent fraudulent debit orders from being processed, giving them more control over their finances.
■ After our Credit Legal Specialist has done the Credit Profile Assessment, the customer’s credit report will be sent to them and the Credit Legal Specialist will again call them to discuss and explain further options going forward.
■ The customer has the option to accept or decline any proposed solutions going forward.
NB – even if the customer declines further actions to improve their financial wellness, they are still liable for the once-off cost of the Credit Profile Assessment. It is similar to the consultation fee that they would pay to a doctor.
*** Some of the most popular options that are proposed going forward are:
Affordable Distribution
This package authorizes us to receive and distribute an affordable amount to the customer’s respective creditors after negotiating lower payments on their behalf, and saving the customer money.
Wealthtec DOES NOT LIST you on any Credit Bureau
You conveniently pay one amount (discussed and agreed upon by yourself) to Wealthtec monthly and we pay all the Creditors you have selected to be part of the Affordable Distribution process.
You SAVE the difference between what you used to pay, and the lower instalment that you pay now.
The success of this process is dependent on the partnership between Wealthtec and yourself.
Negotiation
Wealthtec, can assist in negotiating lower instalments and the restructuring of debt.
Negative Listing
If and when a negative listing is paid up, Wealthtec will start the process of removing the negative listing from the customer’s profile.
Judgements Removal
This is for paid up Judgements to be removed from the 4 credit bureaus. Wealthtec will assist the consumer to obtain the paid-up letter; if not available.
