Managing your repayments responsibly is key to maintaining a healthy credit profile. The DebiCheck system used by CenturyZA gives you control, as you must pre-authorize the exact amount and date of the debit order before the loan is paid out.
Repayment Best Practices
- Ensure Sufficient Funds: Always make sure there is enough money in your account the day before your scheduled DebiCheck collection date. Account for any monthly bank charges that might reduce your available balance.
- Do Not Reverse the DebiCheck: Reversing a legitimate DebiCheck mandate without settling the loan is a breach of contract and will lead to immediate arrears, penalties, and potential legal action.
- Communicate Early: If you experience an unexpected financial emergency and know you will not have sufficient funds on the repayment date, contact CenturyZA's collections or support team at 021 054 1057 before the debit order runs. They may be able to assist with a payment arrangement.