The procedure required by banks for one to acquire a loan is very long; so much paper work and credit verification is conducted before a bank offers any form of a loan. Such delays are a bore to someone who is in need of a fast loan; this happens to many people such that the demand for funds is very high in South Africa.
As such, banks alone cannot afford to serve the needs of all people hence the increase in the number of micro-financial services providers is rising to fill this gap. Such small financial institutions are structured in such a way that they introduce facilities and policies which are not offered in banks hence many people find themselves flocking in these small firms for financial reprieve.
Legal & ID Assist
Many South Africans have been denied access to loans simply because of a poor credit background; as such, they are not able to borrow from banks or any other financial services provider which consider one’s financial background when seeking a loan. Fortunately South Africa has a collection of micro finance companies which accommodates poor creditors. Legal & ID Assist is one such financial firm that provides personal loans of up to R150 000 to South Africans. The company has a unique relationship with money lenders and a broker thus securing a loan is not such a hassle.
The firm has a Legal & ID assist plan which is a 24 hour telephonic advice line that is manned by qualified and experienced in house attorneys who provide guidance and information on all legal matters as well as preventive and remedial measures when identity fraud, loss or theft is experienced.
Legal Assist helps clients with on any of the following situations:
General Legal Advice
Motor Accident Advice
Labor Law Advice
Road Accident Advice
Just like most creditors, Legal Assist requests that people fulfill a certain criteria before they qualify for the loan. For someone to get assistance form from this firm, you have to meet the below requirements:
You have to 18 years of age
You should be a South African citizen
You must be earning a steady income of at least R1 500 or more
Meanwhile, Legal & Assist ID cannot assist you if:
You are under debt review
If you have filed for bankruptcy
You under any debt restructuring program
If you have declared yourself insolvent
If you are under administration
It only takes a few minutes for you to complete the application; clients who wish to speak to a consultant can do that by calling 021 825 4510