How Weavy cleared R20,602 from his credit record
Summit had two prescribed loans written off
Before, I could not move or do anything. Now I am free and can make plans for the future.
Summit had two prescribed loans written off
Before, I could not move or do anything. Now I am free and can make plans for the future.
Excited about a new job, Weavy got sucked into a lifestyle of living large and using debt to pay for it. When the debts piled up, however, Weavy found himself blacklisted and unable to make payments. After teaching him about budgeting, Summit had two of his loans written off by challenging prescription, giving him a fresh start – and saving him over R20,000 – in the process.
When he first found employment, Weavy quickly got sucked into a lifestyle of reckless spending. At first, it seemed easy enough to rely on debt to buy now and pay later but, as the accounts piled up, it became difficult to keep up and Weavy was listed as a bad payer.
Before being introduced to Summit by his employer, Weavy says he avoided his finances, but he knew he wasn’t financially healthy and it did not sit well with him.
As a father of four children, it was important to him to not only be able to provide for his family, but to one day one day to provide them with a secure home. However, a poor credit rating would not only limit his immediate access to credit, but endanger his ability to create wealth through mortgage, business or study loans.
After teaching him about budgeting, financial goals, and responsible spending, Summit’s consultants checked his credit record and discovered two prescribed loans that our legal team then challenged and managed to write off. This not only saved Weavy R20,602, but gave him a good head start on his goal to improve his credit score and qualify for a home loan.
*“My biggest financial goal is to build a house that my children can call home.’
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Summit Agriculture