The worldwide recession tumbled millions of South Africans into hard financial times. Many of us are still trying to restore our economic positions to their former glory. Marlin Credit Services aims to do their bit by offering transparent, affordable bridging finance.
Bridging finance is a short term loan, available to people who are waiting to receive lump sum payouts in the form of retirement annuities, provident funds, policy payouts, or divorce settlements, to name a few. Since it often takes months for funds to be released from settlements, Marlin Credit Services aims to provide you with some monetary respite.
Marlin Credit Services will give you an advance on a portion of the benefits due to you, which can then be used for your living expenses while you wait on your benefit payout. Your exit strategy must be secure in order to get your eventual benefit payout. This will be also determined by Marlin Credit Services.
Dealing with financial stress after losing a loved one to death, getting divorced, or losing your job can add insult to injury. But Marlin Credit Services is here to make your life just a bit more livable. Let us help you get your hands on your money so that there's one less thing to worry about.
Bridging finance is available when you need it most. We partner with you, our valued client to understand your individual needs, and we bring our experience and practical knowledge to deliver the most appropriate bridging finance in the quickest time possible.
Terms range from 60-90 days, and the loan is repayable when the fund settles your payout.
Due to the fact that you are awaiting a benefit lump sum payout, it is easier to be approved. Provided you have a good credit record and affordability, there is a good chance that you will be approved. ITC checks will be done, but blacklisting will not result in an automatic decline (Terms and Conditions apply).
We will consider the nature of the bureau listing. Please be sure to disclose as much information as possible and all the documents requested for your application to provide a clear picture of your situation. Approval is at the sole discretion of the lender.
Being declined for one type of bridging finance does not mean there's no option. Speak to your consultant about other possible solutions.
Get in touch with Marlin Credit Services today to learn more about our bridging finance options.