Oyisa United Debt Specialists - Products

We come across consumers on a daily basis who have absolutely no idea what the state of their credit profile is. This could be due to lack of knowledge, lack of access to a credit report, or even just not wanting to know (ignorance is bliss). Whatever the reason though, it is extremely important that we keep track of our credit profiles. Having a good credit profile will save us heartache, money and time when we need to access credit, such as when you’re looking for access to a bond facility or vehicle. Having a lower credit score means that we are higher risk consumers, which means you will struggle to gain access to credit facilities when you really need it the most, such as purchasing a house. Having a high risk credit profile means higher interest rates and stricter terms when trying to obtain access to credit from financial institutes. This could end your dreams of purchasing a house or car! OUDS has therefore launched Debt Management Audit (free assessment) service to consumers. This is to allow you to get an informed report on the standing of your credit profile and specialized advice and assistance should you need it.

Over-indebted employees, desperate for a way to make ends meet are often subject to reckless agreements by unscrupulous lenders, or tempted by theft or bribery. Furthermore when things become really tight and wage increase demands become viral, labour unrest often results, affecting productivity and the bottom line of the company.

Sequestration is the process of selling or using assets to cover outstanding debts with creditors. Sequestration is presented in two forms in South Africa: Voluntary sequestration, where the indebted individual opts to use assets to cover debts, and compulsory sequestration where a court attaches assets as a form of settlement for debts. When a business fails and is unable to pay its debts, it is placed into liquidation. Liquidation encompasses the process of a liquidator taking charge of the estate and selling the assets by way of public auction. If auctioning off the client’s assets does not generate enough revenue to pay off debt, credit providers will turn to personal sureties to pay the difference. If the directors or members cannot settle the outstanding debts, then they have the option to include these debts under debt review, or apply for sequestration in their personal capacity.

OUDS offers a debt resolution/settlement solution to consumers who receive a lump sum of money (i.e. pension payout) and wish to settle all or part of their accrued debt. OUDS debt specialists will negotiate with trusted credit providers in order to attain a settlement discount on all debts such as credit cards, personal loans and store cards. OUDS trained debt specialists will manage the client’s entire credit debt resolution process.

OUDS offers a debt refresh and debt advice service to clients who have accumulated a poor credit record. OUDS aims to reduce client’s debt, clear credit records, remove judgments and rescind summons, thus enabling clients with the ability to freely borrow money and make purchases in the future. Reduces client’s lack of knowledge on how to handle credit effectively.