They say one is never too young or old to start making wise financial decisions. This is especially true if you have a lump sum of money, and are looking to put it to work for you in a way that offers more peace of mind, freedom and flexibility.
Turn bad debts into good profits
Right now, thousands of South Africans are benefitting from a financial offering on the market that delivers annual returns of 19.5% through the purchase of discounted active performing contracts.
OneLaw developed the Cambist Online Platform and launched it in 2012. Over the past 12 years, OneLaw has established itself as one of South Africa’s most successful service providers to debt collecting attorneys. It facilitates the entire process, and in doing so, has developed a capability to turn bad debt into good profits.
Becoming the new financial owner
How it works is simple. When a debtor stops repaying the money they owe to a financial institution or retail store, they are eventually handed over to attorneys, who approach the court to obtain an emoluments attachment order (EAO).
The debtor’s employer becomes legally compelled to subtract the monthly debt instalment amount from the debtor’s salary and to pay it into the attorney’s trust account.
At this stage the contract becomes functional again and is put up for sale on the Cambist Online Platform. When a Cambist buyer purchases the contract, they become the new financial owner.
Fixed instalments are paid out monthly over a fixed term, which consists of the returns plus a portion of the debt, whilst profits are generated by the discount on the purchase price negotiated between OneLaw and the original financial owner.
No capital recovery process
It’s simple, safe, and conveniently online. Buyers earn a return of 19.5% per year on the total amount of the active contracts, without being involved in the actual capital recovery process.
“It’s an excellent product, great returns, and really safe”, says DJ Broeksma, an actuary from Cape Town.
“Cambist gives me the freedom to give great returns and still have access to my money, which works well with my unpredictable income”, says Monique le Riche, a children’s book writer from Pretoria.
“It’s a better life – not only for me, but for my family as well” says Velile Madlingozi, a supervisor based in Pretoria.
To find out more about how you can start earning extraordinary returns that offer a steady monthly income, peace of mind, and can have a positive impact on your life, visit www.cambist.co.za.