Settle your debts! Remove judgements and debt review orders

Save up to 50% on monthly debt repayments

Get paid to learn financial literacy

Consolidate your debt into a single mortgage- backed facility

Get a debt consolidation loan at the lowest interest rates

This is a credit repair solution using equity in your bond to clear high interest debt. It is a tool available to you if you are a South African employee who owns property. The goal is to save you interest over the long term and solve your short-term cash flow crisis. Within 12-24 months, you can get rid of short-term debt, keep your home, and clean up your credit profile. You will also learn critical financial skills to keep you out of debt. The financial literacy program incentives you to change your behaviour. This will help you to engage meaningfully with your finances and stay out of debt for good.
Over the last ten years, our partners have helped thousands of consumers in your position get out of debt. They use digital analytics to gain powerful insights into your financial portfolio. This includes your financial habits. All the information helps you rebalance your portfolio and improve your money habits.

Their team is skilled, experienced, and passionate about enabling your financial stability. This is an opportunity to rid yourself of the burden of unsustainable debt levels. You will also gain enough knowledge to make wise financial choices for your future.

Refinance your high interest debt into your bond

Short term debt like credit cards, loans, and store cards has a high interest rate due to the risk. This interest can add a lot to your monthly repayments, making your debt unaffordable. Your home mortgage is lower risk than short term debt as it is backed by the property. This makes it possible for you to get a low interest rate on your home mortgage. Instead of battling monthly with high interest payments, you can use this low interest facility to refinance your debt into your bond. You will reduce your interest rate and consolidate your debt into one easy repayment.
Loans up to R1Mil

Consolidate all your short term debt

Reduce monthly debt repayments

Client's monthly debt repayments have reduced by an average of R7000 per month

Remove orders on your credit profile

Clients are removed from debt review and their judgements are cleared

12 Month Financial Literacy Program

Get rewarded for every module that you complete

Improve your credit score

Your bond will be switched back once your credit score has improved

Get a fresh start now

Repay your unsecured debt in 12-24 months

The process

1.Get assessed

Complete our quick and free financial assessment

2. Negotiation

Our partners negotiate with your creditors on your behalf to get the best rate for you

3. Settle & Consolidate

Our partners will settle your debt, get rid of judgements and get you out of debt review by restructuring and consolidating your debts into a single monthly payment

4. Financial Literacy Program

You will be enrolled into an in-house financial literacy program that teaches you the fundamentals of making better financial decisions. This enables you to live better and save smarter. You also receive R1500 for every successful learning module that you complete.

5. Switching

With all your debts consolidated within the 12 month program, our partners switch you over to a traditional mortgage lender where you pay less every month. You will have a healthier credit profile, peace of mind, and extra cash flow every month.

Frequently Ask Questions (FAQs)

1. How long does the program take?

You are in control of how long the program takes. If you make irresponsible decisions during the program you will be the person that is most affected, which will come at financial cost to yourself.

Our partners aim to repair you as fast as possible and switch you back to a mortgage lender as soon as possible.

The average stay with the program is 12 months, however our partners do switch customers out before 12 months. You should not be in the program beyond 24 months.

2. Can I be on the program and not include my home loan as part of the debt repair process?

Unfortunately not, our partners together with NCR registered credit providers uses the value of your home to finance and structure the credit repair process.

They facilitate a debt consolidation loan which uses your home as security during the program.

3. How much could I expect to save whilst on the credit repair product?

On average our partners save our customers ± R5000 in monthly repayments per month, while they are in the program. When they successfully switch back to a main stream mortgage lenders, they save a further ± R2000 in debt repayments per month.

It is important to note that while you are on the credit repair program, you will only be paying interest on your outstanding loan amount. Once you switch back to a mortgage lender, you will continue to pay monthly interest but will also start reducing your outstanding loan amount.

4. Will you negotiate and settle creditors on my behalf?

Yes, our partners negotiate with your creditors on your behalf. They receive the highest discounts when customers are in arrears, or in debt review with the creditor.

All the discounts that they negotiate with the creditors will all assist in reducing your outstanding loan amount. You get all the benefits and any discount will reduce your month interest repayment.

Our partners systems track and settle each creditor that is part of the consolidated loan. You will have access to each payment made to the creditors. There are some creditors that will require you to request a settlement letter, our team will assist you through this process.

5. Am I allowed to apply for more loans or credit while on the program?

No, the primary objective of the program is to assist you in repairing your credit profile, and to help you understand how you ended up in this debt trap but more importantly, how to get you out of it. While on the program, many creditors will want to lend you more money, you need to resist their offers as they will push you back into the debt trap.

If you require any more funds for unanticipated events during the program, contact our partners first so that they can structure the best offer for you.

6. Is the program affiliated with any bank?

No, our partners are a privately owned company and as such is not affiliated with any bank. They are a credit repair company and works with multiple credit providers to assist in the consolidation of your debts.

7. How can I ensure that I don’t end up in debt again?

The primary objective of the program is to assist our customers in repairing their credit profile and to help them understand how to get out of a debt cycle, by educating them through our partner’s foundational financial literacy program.

The financial literacy program assists you in understanding your finances, and why you ended up in this debt position, but more importantly, how to get out of it.

8. Can I pay extra on my monthly installment if I can afford it?

Yes, at any time during the program you can increase your monthly repayments. The increased amount will reduce your outstanding loan amount, and will reduce your monthly repayments.

You can also reduce your outstanding amount by depositing any amount towards your loan account.

9. How does the switching process work?

Our partners help you remove judgements, debt review flags and settle your arrear accounts within a 12 month program. Thereafter they will approach mortgage lenders of your choice to obtain a home loan on your behalf. If you do not successfully switch to a mortgage lender, you will remain in the program for up to 24 months.  Our partners will then charge you a subsequent repayment, which includes a capital repayment amount towards the outstanding balance.

10. Will you be able to assist me when I need additional money for school fees, car problems or any other unanticipated events?

In the application process our partners will establish all your income and expenses per month. They do this to work out whether you can afford repaying all your current debts, and whether you will be able to afford repaying your debt every month.

Furthermore, the systems will highlight all your registered loans, from your credit report. If you have enough equity in your home at application stage, our partners can also add amounts you owe to family, friends or even an ex-spouse. They can also add other amounts to your loan amount as long as they are urgent and you can afford it.

Once you are on the program and you experience an emergency event that requires you to take out a loan, you should first approach our partners to assist you.

11. I am currently under debt review - can you help me?

Yes, our partners can assist customers to move them out of debt review. We have noticed that there are many debt review customers that have been in debt review for over 5 years.

When you join the program as a debt review customer, your monthly debt repayment won’t reduce a much as a non debt review customer. Where the program adds value to you is in the negotiation and settlement with your creditors.

Once you are ready to switch to a mortgage lender, our partners will facilitate the removement of your debt review flag. Once you have gone through the debt review, and our credit repair program, together with our financial literacy program, you should never make any more irresponsible financial decisions again.

12. Is there any amount that I have to pay before I can be assisted?

All the fees that are charged during this program will be included in your final consolidated loan facility pre agreement. This will be fully explained to you by our partners, as well as by their conveyancing attorneys. Please feel free to ask them if fees are unclear and/or you require further explanation.

13. Can I include my spouse on the program as well?

Absolutely! If you are married in Community of Property (COP) or have an Antenuptial Contract (ANC) and your home loan is registered on both your names, then your spouse must be included.

If you are married with an ANC and the property is only registered in your name, we can include your spouse, as long as they are willing to stand surety for the home loan.

14. Besides the settlement of debt in the form of loans, credit cards and retail accounts, what other types of debt can you settle?

Our partners will also be able to settle other outstanding accounts such as municipal, school and tertiary education arrears.

If you have enough equity in your home at application stage, they can also add amounts you owe to family, friends or even an ex spouse.  They can also add other amounts to your loan amount as long as they are urgent and you can afford it.

15. Once my application is approved, can I stop paying my creditors?

No, you should keep paying your creditors, up until the new bond is registered at the Deeds office and your program is activated. Our partners will explain how the transition will work to ensure that you will be in the most favourable position.

16. What are the minimum requirements to apply?

We can consider your application if you meet the following requirements:

  1. A South African citizen
  2. Earning from R20 000 per month
  3.  You must be employed by a company. If you are self employed we can do the application in your spouses’s name if your spouse is employed by a company
  4. A maximum age of 60 if you work in the private sector and 65 if you work for government
  5. You must own property for security


Our partners can give you money at the lowest rates when no one else can. Watch the video and complete the form to start your assessment with Premier Debt