Mobile App
Free on Google Play and the App Store to every employee on a governed payroll. Self-onboarding, document upload, application tracking, statements and settlement requests. This is the primary application channel.
For Employees
One instalment. Your take-home pay back.
Reset Direct consolidation is available to employees whose employer has implemented the Affordability and Deduction Management Platform. If your payroll is on the platform, this page explains what we do and what it costs you.
Who this is for
- You are permanently employed on a payroll governed by the platform
- You have existing credit agreements you are struggling to service
- You are not under debt review
If your employer is not on the platform, we cannot assist you, and we would rather tell you that here than after an application. Reset Direct does not lend onto a payroll it does not manage.
We settle what you owe, and replace it with one instalment.
Your existing providers are settled and come off your payroll. What remains is a single instalment, collected off your salary before it reaches your bank account, sized to sit inside the rules your employer has set and above the minimum take-home floor. Where we can, we negotiate a settlement discount with your existing providers, which reduces the amount you have to settle.
Product facts
| Facility size | R10 000 to R250 000 |
|---|---|
| Term | 6 to 72 months |
| Collection | Deduction at source from your salary |
| Settlement discounts | Negotiated with your existing credit providers on each application |
| Application turnaround | 48 hours |
| Cost of credit | Interest, initiation and service fees are quoted to you in your pre-agreement statement and quotation, within the limits prescribed by the National Credit Act |
| Credit life cover | Mandatory on every facility. The terms, benefits and cost are disclosed to you in full, before you sign, by a representative registered under Reset Direct's financial services provider licence, FSP 53772 |
All applications are subject to a full affordability assessment in terms of the National Credit Act 34 of 2005 and to approval under Reset Direct's credit policy. Approval is not guaranteed and applications are declined.
One client, shown to explain the mechanism.
Take-home payR4 448 to R12 781
Credit score at application562Below the level at which mainstream lenders will consider an applicant.
Median improvement30.7%Across our book the median improvement in take-home pay is 30.7% among clients recording a genuine increase.
Individual outcomes vary with the size, cost and structure of the debt being consolidated. Figures shown are drawn from Reset Direct's existing consolidation book and are presented to illustrate how the mechanism works. They are not a projected outcome for any individual.
We rely on the channel, not on your credit score.
A credit score largely reflects how a person performed against debit orders and bank collections. We are not collecting that way. We collect off a governed payroll, which allows us to approve and price on a different basis to a bank.
What we do not set aside
Every application receives a full affordability assessment under the National Credit Act:
- Credit bureau enquiry, including debt review status
- Payslip verification and expense assessment
- Identity verification against Home Affairs
- Bank account verification and sanctions screening
- Credit life requirements applied to every facility
All of it is enforced in the system and cannot be overridden by a consultant. Applications are declined. What we do not do is decline on a credit score alone.
Four ways to apply, all of them free to you.
Call Centre
A dedicated team for queries, applications and ongoing support, with a named agent assigned to each application.
Submit documentation and sign agreements through a channel you already use.
Onsite Sessions
Education sessions and application assistance at your employer's premises, arranged in advance with your employer.