My Budget Fitness

 

Assisting you to buy your own home

 

To convince a bank that they must approve a home loan so that you can buy your own home, you must prove to them that you have agood and solid credit rating and the affordability to pay back the home loan installments each month. If you have a deposit available it will strengthen your application.

Will the bank approve my loan?

You may however find that, although you have cleared your credit record, youstill encounter this same problem as experienced by one of our recent clients:

“My husband and I applied for a home loan and were declined by all the banks. I hadsorted out my credit record and wasno longer in arrears with my two existing accounts., My husband’s accounts,which had also been in arrears,weresettled and proof was forwarded to the banks. We were told to apply againin 6 months time because they take the past 24 month’s payment history into consideration”.

 

 

My Budget Fitness will assist you to complete the journey to own your dream home.

Although the solution lies in your hands –we will assist you all the way.

How do you start?

 

 

There are a few steps that you need to take & we will assist you,all the way, in taking these steps…. Read more………..

 

Step 1

What is your current credit rating?

We need to study your credit report as this will be the foundation of the process.

You are entitled to get one free credit report per year from any of the Credit Bureaus - their contact details are at the end of this document.

  • If you already have a recent & updated credit report, forward the report to My Budget Fitness:

· Per fax - 086 5611 618

or

  • email This email address is being protected from spambots. You need JavaScript enabled to view it.
  • If you have not obtained a Credit Report, contact This email address is being protected from spambots. You need JavaScript enabled to view it. to obtain a report.

o Why do we need your Credit Report?

§ The Credit Report is the first stepin determining the journey you will need to take to reach your goal, with the assistance of My Budget Fitness.

§ We need to assess your past debt and account management profile.

§ With My Budget Fitness Light, we provide you with a credit report from Compuscan and the outcome of your status.

Step 2

What is your Affordability?

§ We work with you to complete and load your budget on Mobile 2 Budget

§ How much will this cost ?

· R200 – once offIf you proceed thereafter, R30 for 12 months

· Total costs R560.00 – payable in advance

o Deposit R 560.00into the following account:

o Trust Account : OOSTHUIZEN MEYER DE WAAL INC Attorneys

Bank: Standard Bank, Branch: Paarl Branch Code: 05210

Account Number: 07 218 0587, Reference: Your surname, cell and ID number

Fax proof of deposit together with the documents above to 086 5611 618 or email to This email address is being protected from spambots. You need JavaScript enabled to view it.

Step 3

The next 12 months – the fitness program and mentorship

o We have now load your budget on Mobile 2 Budget

o You will be able to manage your money on your mobile phone

o Capture your expenditure and control your budget with your mobile phone – a tool compatible with any phone.

o Remember to capture all your spending, every day, on your mobile phone withmobile2budget.

o Log in to the website at the end of every month to see how you are managing your expenses compared to your budget–your own personal username and passwordare provided.

· You will receive regular tips to follow on Facebook and Twitter to provide you with information to improve your credit status and affordability.

· You will receive a regular asks to complete to guide you towards budget fitness.

Follow regular budget tips at www.facebook.com/MyBudgetFitness

Follow us on Twitterhttps://twitter.com/budgetfitness

 

Continue to keep your credit record strong and healthy !

 

Minister Pravin Gordhan

Gordhan urged South African consumers to strive towards financial literacy so that they can make informed choices and have the abilityto see when they are being hoodwinked by banks to take on unsustainable deals and products

www.irent2buy.co.za www.budgetfitness.co www.mobile2budget.com

 

Meyer de Waal 083 653 6975 or 021- 461 0065 This email address is being protected from spambots. You need JavaScript enabled to view it.

 

Office 021-4610065 This email address is being protected from spambots. You need JavaScript enabled to view it.

 

Solly Molefe 083 256 0655 or 011 835 4042 This email address is being protected from spambots. You need JavaScript enabled to view it.

 

 

To clear your credit report you will have to order copies of your report from the 3 main credit bureaus, review the reports for inaccuracies or old information and then ask the credit bureaus to correct the information.

1. Mytransunion Credit Bureau – 086 148 2482

https://mytransunion.co.za/MainPages/Help/Contacts.aspx

2. Experian Credit Bureau – 086 139 7628

http://www.experian.co.za/contact-us/contact-us.html

3. XDS Credit Bureau – 011 645 9100

http://www.ws.xds.co.za/xds/contact.htm