My Budget Fitness


Assisting you to buy your own home



To convince a bank that they must approve a home loan so that you can buy your own home, you must prove to them that you have agood and solid credit rating and the affordability to pay back the home loan installments each month. If you have a deposit available it will strengthen your application.

Will the bank approve my loan?

You may however find that, although you have cleared your credit record, youstill encounter this same problem as experienced by one of our recent clients:

“My husband and I applied for a home loan and were declined by all the banks. I hadsorted out my credit record and wasno longer in arrears with my two existing accounts., My husband’s accounts,which had also been in arrears,weresettled and proof was forwarded to the banks. We were told to apply againin 6 months time because they take the past 24 month’s payment history into consideration”.



My Budget Fitness will assist you to complete the journey to own your dream home.

Although the solution lies in your hands –we will assist you all the way.

How do you start?


There are a few steps that you need to take & we will assist you,all the way, in taking these steps…. Read more………..


Step 1

What is your current credit rating?

We need to study your credit report as this will be the foundation of the process.

You are entitled to get one free credit report per year from any of the Credit Bureaus - their contact details are at the end of this document.

  • If you already have a recent & updated credit report, forward the report to My Budget Fitness:

· Per fax - 086 5611 618


  • email This email address is being protected from spambots. You need JavaScript enabled to view it.
  • If you have not obtained a Credit Report, contact This email address is being protected from spambots. You need JavaScript enabled to view it. to obtain a report.

o Why do we need your Credit Report?

§ The Credit Report is the first stepin determining the journey you will need to take to reach your goal, with the assistance of My Budget Fitness.

§ We need to assess your past debt and account management profile.

§ We propose a Credit Report that Credit Health can provide as this report will show you the data from 3 established credit bureaus

Step 2

What is your Affordability?

§ We work with you to complete a comprehensive Affordability Analysis

§ This enables us tocalculate – what you affordability is.

§ How much will this cost ?

· R500 – once offIf you proceed thereafter, R150 for 6 months

  • Total costs R1 400.00

§ What will happen then?

· Once you have paid yourMy Budget Fitness Evaluation Subscription fee, you will receive the:

· My Budget Fitness Calculator

o a spread sheet or “pdf” document, to complete

· MBF Calculator Manual - guide

o In this My Budget Fitness Calculator you will be required to capture your:

§ Personal details

§ Income

§ Expenditure

§ Debt

§ Accounts

and once completed,

· you will be requested to return the MBF Calculator to your My Budget Fitness Personal Trainer

· Our My Budget Fitness Expert will then contact you to discuss

o your current credit status, debt, income and expenses –

o your current buying power – compared to your goal – the homethat you want to buy

o In the MBF Calculator, list of all your credit commitments quoting:

o Institution you owe money to

o Account number

o Limit of the facility

o Outstanding balance

o Interest rate

o Monthly repayment amount and period of loan or repayment

o Date the account was first opened.

o Provide us per fax : 086 5611 618 or email to This email address is being protected from spambots. You need JavaScript enabled to view it. with copies of the following documents:

o ID

o 3 months’ salary slips

o 3 months’ bank statements

o Proof of address

o Deposit R 500 into the following account:

o Trust Account : OOSTHUIZEN MEYER DE WAAL INC Attorneys

Bank: Standard Bank, Branch: Paarl Branch Code: 05210

Account Number: 07 218 0587, Reference: Your surname, cell and ID number

Fax proof of deposit together with the documents above to 086 5611 618 or email to This email address is being protected from spambots. You need JavaScript enabled to view it.

o A MBF Personal Trainer will contact you as soon as we have received all the above information to discuss drawing up your MyBudgetFitness Plan . This planwill provide you with a detailed guide as to how to reach your goal. This may include methods to reduce your debt, methods to save for a deposit to buy a home and/or enable you to buy your own home.

Step 3

The next 6 months – the fitness program and mentorship

o We have now worked out a new budget and goal to enable you to reach your dream

o You will be able to manage your money on your mobile phone

o Capture your expenditure and control your budget with your mobile phone – a tool compatible with any phone.

o Remember to capture all your spending, every day, on your mobile phone withmobile2budget.

o Log in to the website at the end of every month to see how you are managing your expenses compared to your budget–your own personal username and passwordare provided.

o Your personal trainer will call you to discuss your MyBudgetFitness Plan that has been drawn up with you and make any adjustmentsyou may require.

o Your personal trainer will contactyou on a regular basis to discuss your progress and adjust your MyBudgetFitness Plan , as required.providing training and mentorship

Follow regular budget tips at to stay tuned to upcoming events and further information on how this program can change your spending habits for the better.

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o Once you achieve your Budget Fitness Goal,

o your personal trainer will discuss the way forward

§ To submit an offer to purchase

§ Obtain a final “clear” Credit Health Report

§ Submit the home loan application

· supported with

o MBF recommendation

o Record of conduct during the My Budget Fitness period

o All supporting documents, to show affordability, credit status, good track record, “pay slips” bank statements etc

o Rent2buy


§ if you enrolled with rent2buy, then proceed with your bond application assisted by your my Budget Fitness Personal Trainer.

o Once the bond application is approved, the registration process intoyour own name will proceed,in which case the transfer attorneys will be in touch with you.


Continue to keep your credit record strong and healthy !


Minister Pravin Gordhan

Gordhan urged South African consumers to strive towards financial literacy so that they can make informed choices and have the abilityto see when they are being hoodwinked by banks to take on unsustainable deals and products


Meyer de Waal 083 653 6975 or 021- 461 0065 This email address is being protected from spambots. You need JavaScript enabled to view it.


Office 021-4610065 This email address is being protected from spambots. You need JavaScript enabled to view it.


Solly Molefe 083 256 0655 or 011 835 4042 This email address is being protected from spambots. You need JavaScript enabled to view it.



To clear your credit report you will have to order copies of your report from the 3 main credit bureaus, review the reports for inaccuracies or old information and then ask the credit bureaus to correct the information.

1. Mytransunion Credit Bureau – 086 148 2482

2. Experian Credit Bureau – 086 139 7628

3. XDS Credit Bureau – 011 645 9100

Default judgments on your name

National Credit Regulator (011) 554 2600.

A default remains on your report for 2 years while a judgment remains for 5 years, but if you get it paid up, you can apply for removal of the judgment in court which can take up to 20 working days.





Full names of applicant/client

Identity number


Pse “tick off”


Cell No:



Copy of id or passport


Residential address


Consent to credit check


Latest bank statement/s


Income and expenses or home loan application


Latest pay-slips and or proof of income


Credit account statements and information


Name of institution


Name of institution


Prepared by name :