NEW CREDIT FACILITY FOR CONSUMERS – AVAILABLE FROM HIRSCHS.
CURRENTLY CONSUMERS WHO NEED CREDIT FIND THEMSELVES IN A NO WIN SITUATION They can't get cheap funding from banks at normal credit card rates as they don’t qualify. So they are forced to go to retail stores who will charge up to 3-4 times the original cost of the goods over the length of the contract. If the consumer falls into arrears, companies not only reposess the goods but also get a judgment for the full outstanding amount. Thus consumers find themselves in a position where they have lost their goods and still owe 3 time the value of their original purchase to the company concerned - and they are black listed.
A new credit facility was recently launched that should end the woes of the average consumer faced with the diabolical situation of paying over the top for goods – that may be taken away from them if they can’t continue to make payment. The product, Azisa, is a patented finance solution owned by Apricity Capital. It allows any person to enter into a finance structure that, over the length of the contract, is much cheaper - sometimes 50% cheaper - than any traditional finance method.
Hirsch’s are one of the retail companies that have adopted the system, commenting that Azisa is a much smarter, more mature way to finance purchases.
Let's start by comparing an Azisa financed product to a product financed in a more traditional manner; An LG 42” plasma tv at a well known retailer sells for R5999. The full cost of lease for the 24 months ends up being R14,954. After taking into account all the extras. This equates to 624pm x 24 months. The Azisa price for the same product is R600pm for 12 months. That’s right not 24 months but 12. It’s a massive saving.
Another plus is that everyone is approved!
HOW AZISA WORKS
• The consumer chooses their product, for example, a 32” TV.
• The consumer pays for 6 months (this can be varied) BEFORE taking delivery of the goods.
• After 6 (or the number stipulated in the contract) consecutive payments the goods are delivered.
• The customer now only has an additional 6 payments to make to complete their obligation
• The consumer has now determined their own credit worthiness by showing Apricity Capital they can afford the credit and are responsible and reliable payers thus earning their credit worthiness.
• A customer can cancel his deal at anytime before delivery and get his money back. A small fee would apply in this situation.
• A customer can change his product at any point in time before delivery. Obviously if it is for a different priced product the monthly payment figures would change
So a win win situation all round!
For more information on Azisa, contact a Hirsch branch, or visit the Apricity website: www.apricity.co.za