Promissory Notes

Once the special purpose vehicle (SPV) "bought" the debt, in other words, they had taken custody of your credit you gave to the bank, and sells that credit on the JSE. This means that the bank has been paid. And it is also important to realise that a bank CANNOT take any risk! That is why they do it, and that is why the Financial Markets Act makes provision for such a procedure which any bank follows.

Any "loan", whether it is a personal-, business-, hire purchase- or home "loan" is not a loan from the bank to you. It is CREDIT which you gave the bank! They take your "application" for the "loan" you had applied for, and immediately trade it on the stock market (JSE).

Please take not that we are not debt counselors. We are debt liberators. We liberate you from any debt you have. We issue written guarantees to our paid-up clients and we follow the civil court rules in wyas which a lawyer is not allowed to do it for a defendant against a bank or SARS.