Debt Counseling Structure Flashcards
1
Q
Max repayment term of home loans
A
240 terms
2
Q
Max repayment term of vehicles
A
84 terms
3
Q
Max repayment term of unsecured debt
A
60 terms
4
Q
In case of a repo clients ahould never:
A
- Sign any documents by repo consultant
- Hand over keys of vehicle to repo consultant
5
Q
When is a reposition legal?
A
- Court order
- Court sheriff present in time of repo
6
Q
Debt Counseling application fee
A
R50
7
Q
Debt Counseling admin fee
A
R300
8
Q
Max restructuring fee for single application
A
R8000
9
Q
Max restructuring fee for COP application
A
R9000
10
Q
Reckless lending fee
A
R1500
11
Q
Aftercare fee
A
5% of distributable amount OR R450
12
Q
VAT %
A
15%
