Registration No: 125-646 NPO Tel: 011 312 6237 - Fax: 011 312 6259 - Elite Park, Block B, 2 www.nga.org.za nd Floor, 748 Richards Drive, Midrand, 1682 NATIONAL GARNISHEE ASSIST National Garnishee Assist (NGA) is a company owned by four black registered debt counsellors in terms of the national Credit Act of 2005. These are Marilyn Williams, Reginald Matjokana, Keystone Sono and Randall Adams. Their experience in the credit market prompted the establishment of the venture with the view to providing a full scale and assessment service to employees who may be victims of over-indebtedness and unlawful activities by credit providers. National Garnishee Assist’s key objective is to effectively assist with Debt Clearing Solutions and Debt Relief Programs for organized institutions and consumers to understand the importance of employee and consumer Self Responsibility and keeping Financial Credibility for the employees within organized institutions and consumers. We pursue to protect and create positive financial attitudes within the South African credit market so as to relieve consumers of undue financial pressure and be able to contribute to a healthy South African Economy. Our main focus is to promote accessibility to Asset Based Loans to consumers ensuring they become Organized, Disciplined and Responsible, thus enhance the quality of lives in respect of financial decisions and the quality of loans the credit provider’s advance. Overall, it is the NGA’s primary objective to contribute to a stabilised financial environment and economy, through reducing the risk of credit and eradicating instruments that inhibits challenges as debt relief mechanisms for the benefit of the South African credit market. With the introduction of the National Credit Act of 2005, personal loans were no longer easily accessible due to the affordability assessments credit grantors are obligated to do. This left consumers feeling as there was nowhere to turn as Loans were now being declined! and the only solution was to approach unsecured lenders, which move has led to escalating numbers of over-indebted consumers, default judgments, garnishee orders and administration orders. We at NGA felt obligated to develop programme that will systemically assist consumers towards financial freedom. The founders of NGA have gained a lot of experience and expertise in the credit industry by being in the executive committee of the black debt Counsellors Forum and are members of the Credit Industry Forum. Tel: 011 312 6237 - Fax: 011 312 6259 - Elite Park, Block B, 2 www.nga.org.za nd Floor, 748 Richards Drive, Midrand, 1682 VISION The preferred provider in alleviating financial pressure MISSION To empower individuals/consumers within organisations, institutions and communities through innovative and customised programmes and leverage their collective expertise for enhancing effective financial management through the provision of quality service CAPABILITY STATEMENT NGA offers the following customised interventions for individuals within institutions, organisations, departments, and companies: 1– OVER-INDEBTEDNESS We conduct a full scale assessment of the consumer/member/employee’s financial situation with regard to their income, living expenses and debt obligations. We also establish the method which is used to repay creditors, i.e cash payment or debit order. We stop debit order payments so as to effectively restructure obligations. The process also entails drawing the employee’s credit profile so as to determine and confirm any blacklisting recorded with a view to intervening in an informed manner. Consumers who are over-indebted are placed under debt review and their assets are protected from being repossessed by credit providers. 2– GARNISHEE ORDER RESCISION Both employers and employees are currently inundated with the pressures of EAO (emolument attachment orders) & garnishee orders – NGA is offering value added services by assisting with these orders: Tel: 011 312 6237 - Fax: 011 312 6259 - Elite Park, Block B, 2 www.nga.org.za nd Floor, 748 Richards Drive, Midrand, 1682 We verify the authenticity. Nullify unlawful garnishee orders. Rescind garnishee orders in court. We also assist consumers, who have overpaid, to claim what is due to them. 3- ADMINISTRATION ORDER RESCISION Prior to the enactment of the National Credit Act (NCA), the Law commission was inundated with the abuses and prejudice of the effect of Administration orders had on employees. The Law commission embarked on reviewing the Magistrate’s Court Act in so far as it relates to Administration orders. However, unsuspecting consumers were still lured into applying to be placed under Administration. NGA has since been assisting consumers/ employees in the South African credit industry to rescind the Administration orders and pay their credit providers directly to circumvent the inundated problems plaguing the Administration related challenges. Rescinded Administration orders enable over-indebted consumers to be assisted through debt review. 4- CREDIT BUREAU PROFILES NGA, after drawing the consumer’s credit profile with their consent, is able to clear all adverse listings and judgments in terms of the provisions and regulations of the amended National Credit Act. This will enable the consumer to access credit without paying high interest and charges. Tel: 011 312 6237 - Fax: 011 312 6259 - Elite Park, Block B, 2 www.nga.org.za nd Floor, 748 Richards Drive, Midrand, 1682 STRATEGIC APPROACH NGA pursues its vision by – Unlocking individual potential to manage their finances Empowering individuals through interaction and intervention Encouraging co-operation and discipline Capacitating through consultation Customising programmes and methodologies Striving for vision-building and sharing through measurable goals Working towards long term and sustainable development Working in partnership with principals The NGA integrated consumer programme, which is customized at intervention, is based on the following Process Model: 1. Assessment 8. Continuous Support 2. Credit Report Analysis 7. Financial Freedom 3. Clear Adverse Listings 6. Debt Review for the Overindebted 4. Administration Rescision 5. Garnishee Order Rescision Tel: 011 312 6237 - Fax: 011 312 6259 - Elite Park, Block B, 2 www.nga.org.za nd Floor, 748 Richards Drive, Midrand, 1682 PREVIOUS AND CURRENT PROJECTS NGA has successfully completed and is currently implementing the undermentioned programmes, even though we are presently finalizing management plans to engage consumers/employees from various organizations and companies. Tel: 011 312 6237 - Fax: 011 312 6259 - Elite Park, Block B, 2 www.nga.org.za nd Floor, 748 Richards Drive, Midrand, 1682
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