Let us know if you found this article to be helpful and what you think of the FNB Cash Flow Relief Plan?
We look forward to seeing your inputs in the comments section below 🙂
FNB Cost-effective, flexible relief for customers
Let us know if you found this article to be helpful and what you think of the FNB Cash Flow Relief Plan?
We look forward to seeing your inputs in the comments section below 🙂
I would like to know if I have money available in my bond account if I can’t utilise that amount there to help cover me for the 3 months rather than going this route.
My bond hasn’t got extra money in it and therefore I requested 3 months holiday payment plan.
On my personal loan I have some money available and asked to stop my debit order. To date I haven’t heard about that.
Apart from that I’m greatfull for the assistance.
It seems is good deal but decision should be made or carried with other personal input customers should face in future.
Only, it is good to approach FNB to discuss about the deal .Deal itself is big saving.
This article was very helpful especially with so much financial uncertainty due to COVID-19 and the lockdown. The FNB cash flow relief plan is a great idea that will lift the weight off a lot of client’s shoulders while not drowning them in debt.
This definitely is a great idea. What can we do if we don’t receive an income due to government orders?
This is a great game plan so to speak buy what if we don’t get a income due to COVID-19 situation and you’ve applied but have been denied what course of action will be taken next
Thanks, that’s indeed some relief there….the pressure will be at ease.
Thanks FNB 👍
Very helpful indeed, thank you.
I am quite certain The Cash Flow Relief Plan is also applicable to qualifying customers and if you are earning through UIF you don’t qualify for it? This platform is educational and informative a lot, looking forward to lots more post the Covid-19 pandemic.
Thank you for the information on Cash Flow Relief Plan. What about those that have permanently lost their jobs due to COVID-19?
Hi
I got retrenched just before lockdown I cannot apply for cash flow relief because not when I will get job and pay back the money at same time I’m skating on thin ice with my debit orders. I don’t know what to do
The cash flow relive is confusing because it’s only for some clients?
I honestly congratulated FNB for this relief for its customers. Being the bank that always jump first in innovation in terms of technology. It did not waste time to jump for with cashflow relief of its customers. Keep it up.
I am not sure if this question fits here. I would like you to advise us we the small businesses are owned and run by one man, where this one man is doing everything himself only employ people temporary when there is big project since it is not easy to employ full time stuff if you are depended on government tenders as there is no guarantee that they will continue to work with if they are happy with the work that you have done for them.
My request, if there is anyone knows if the small businesses like the one i mentioned are being accommodated by the small business relief?
Please tell me how I can get my application acknowledged. The app does not accept the trust registration number. I have phoned a number of times and I’m told someone will get back to me. To my frustration to date no-one has. No doubt I will be penalised or have to deal with threatening communication if I carry on waiting for a response to the application I tried to put on the app. Ai FNB kubi
Im currently being retrenched.this is my last month,how do i cope with payments.I really wish I could win some money with FNB or something to help me out
Very helpful.but not everyone will understand.
This is a great game plan so to speak buy what if we don’t get a income due to COVID-19 situation and you’ve applied but have been denied what course of action will be taken next
Will this relief end up reflecting as a “Debt Collection Account” on my credit profile?
How will it be reported on my Credit Profile.
My past experience has taught me that:”DEBT HAS AN EXPIRY DATE”. So does it mean it’s better to avoid and wait for 3 years for your debt to expire, meaning prescribed debt.
Rather than answering numerous calls from the debt collectors and endure the harassment of making arrangements to pay-off your debt.
Furthermore after you have paid it off, I quote from Experian “While the FCRA allows collections to be reported for up to seven years, there is no requirement that a debt collector or a credit reporting agency remove a collection simply because it has been paid”. And it’s TRUE, my previous debtors have confirmed the 7 years.
My attempts of being an honest citizen by honoring my debt and making arrangements have been fruitless. No credit provider acknowledges the fact that regardless of my loss of income, I still made sure I pay my creditors. The paid up letters I was issued with, do not mean anything.
The reality I need to face is that I will need to wait full 7 years before I can attempt to approach a bank for a home loan.
Unfortunately the Credit Bureaus doesn’t specify why a Creditor ended up with unpaid debt. In my case I was paying my credit in time until the day I became ill to earn an income.
If I had waited for 3 years, my name would be clear now. Disasters comes in many forms and not through COVID19 only.
I did submit an illness claim, it was declined.