Risk Assessment Services

You will have access to:

Consumer Tracing
Consumer Credit Bureau Enquiries (Three different Credit Bureaus)
Business Statutory Enquiries (Registered Directors, Auditors, Addresses, etc.) supplied by CIPRO
Comprehensive Commercial Reports
Deeds Searches
Verification Service for enquiries relating to Number Plates, Marriage Searches, Drivers Licenses, Matric or Educational Qualifications as well as Criminal Checks
Bank Codes
Cheque Verification
Online Final Notices
Listing on Credit Bureau

For Online Access only, all you need to do is complete our Merchant Application Form, effect payment (click Pricing) and email or fax it to us.

CHEQUE ASSESSED GUARANTEE (CAG)

RAS offers its CAG service to all South African SME’s. We understand all to well that the current economic climate is impacting on all businesses and their financial risk has escalated dramatically in recent times. Our CAG solution together with our outstanding service is guaranteed to minimise your cheque payment risk. It’s affordable, flexible and above all, risk free! You can now rest easy in the knowledge that your customers are not going to cost you revenue should their cheques be dishonoured. We assess your risk and once approved, we guarantee it! It’s that simple.

How it Works:

Firstly, if you haven’t signed up with RAS yet, complete our Merchant Application Form, effect payment and email or fax it to RAS.
When your customers present you with cheques as payment for goods or services, you ensure they complete RAS’ CAG Consent Notes fully which we will supply to you, retain it on file together with copies of the cheques.
You phone in to RAS’ Call Centre where you’ll be requested details on the cheques. RAS will then assess it and if in order, furbish you with an Authorisation Code for the guarantee which you then record on the CAG Consent Note for future reference. If the guarantee is declined by RAS, you still have the option of accepting it as payment, but at your OWN RISK!
The moment that your bank notifies you that a cheque payment has been referred to the drawer, you complete the CAG Claim Form, forward it together with copies of the CAG Consent Note and cheque via email or fax it to RAS within 30 days.
RAS will assess the claim and if approved, reimburse you within 60 days. RAS will automatically institute recovery procedures against the drawer of the cheque.

CAG FAQ’S

1. WHAT WILL THE SERVICE COST ME?

There is a renewable annual registration fee of R1 200 (excl VAT) and this includes Online Credit Bureau Access as well as access to all our other services. Risk Assessment Services’ fee structure is based on risk factors and a sliding scale (see under Pricing Tab above). Every factor that contributes to the overall risk is assessed and the fee is calculated on a percentage basis depending on the amount of the cheque.

2. WHEN WILL I BE PAID?

You will be reimbursed within 60 days after the claim has been received and approved.
Click here to view the CAG Terms & Conditions.

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GUARANTEED CREDIT (GC)

RAS presents its Guaranteed Credit service to SME’s which offer their clients 30 Day Credit Facilities for goods or services. We understand all to well that the current economic climate is adversely affecting SME’s who work on these payment terms and their financial risk has escalated dramatically in recent times. Our latest solution together with our outstanding service is guaranteed to minimise your Credit Facility risk. It’s affordable, flexible and above all, risk free! You can now rest easy in the knowledge that your clients are not going to cost you your monthly payment income should they default. We assess your risk and once approved, we guarantee it on a month to month basis! It’s that simple.

How it Works:

Firstly, if you haven’t signed up with RAS yet, complete our Merchant Application Form and email or fax it to RAS.
You forward your client’s fully completed application for Credit Facility to RAS via email or fax.
Once these applications (including any Credit Bureau reports drawn and supporting documents), have been submitted to RAS, it will be assessed and if in order, approved within 24 hours. Risk Assessment Services notifies you by issuing you with a Guaranteed Credit Certificate together with an invoice for the first monthly fee payment.
After inception, on the first day of each month during the Guarantee Period, you furbish RAS with a detailed statement of the particular client in order for RAS to determine the correct monthly fee payable by the SME.
The moment your client fails to pay, you simply notify us. We will follow the client up for payment immediately. If unsuccessful, RAS will reimburse your loss or short-fall. Once we have reimbursed you, your debtor’s debt becomes recoverable solely by RAS and you may not offer them further credit facilities without RAS’ written consent.
Fees (see Pricing Tab above) are payable monthly in advance and work on a sliding scale dependant on the client’s outstanding balance on the last day of every month.
RAS’ Guaranteed Credit works on a month-to-month basis and is re-assessable by RAS every month for as long as the credit facility runs. Ensure that you furbish RAS with your customer’s payment profile or statement by the end of each month for monitoring purposes.
You can opt out at any time by notifying RAS and settling any due amounts.

GC FAQ’S

1. WHAT WILL THE SERVICE COST ME?

There is a renewable annual registration fee of R1 200 (excl VAT) and this includes Online Credit Bureau Access as well as access to all our other services.

The monthly fee rates for GC are based on the information supplied to us at the time of application, potential risk as well as the relevant background checks done by RAS.

Note: The fee payable is dependant on the RAS approved capital amount as well as the outstanding balance per detailed statement monthly thereafter - on a sliding scale. An administrative fee of R75 (excl VAT) is applicable if an application for GC is declined.

2. WHEN WILL I BE RE-IMBURSED?

You will be reimbursed between 2 weeks to 6 weeks after the debtor has defaulted, depending on the collection action taken by RAS.

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PROPERTY RENTAL GUARANTEE (PRG)

RAS offers its Property Rental Guarantee service to letting homeowners, estate agents and letting companies. We understand all to well that the current economic climate is impacting on the property letting industry and financial risk has escalated dramatically in recent times. Our latest solution together with our outstanding service is guaranteed to minimise your rental income risk. It’s affordable, flexible and above all, risk free! You can now rest easy in the knowledge that your tenants are not going to cost you your monthly rental income should they default on their rent. We assess your risk and once approved, we guarantee it on a month to month basis! It’s that simple.

How it Works:

Firstly, if you haven’t signed up with RAS yet, you complete our Client Application Form, affect payment (See options under FAQ’s below) and email or fax it to RAS.
You and the tenant complete your normal rent application form.
Once these applications (including any Credit Bureau reports drawn and supporting documents), have been submitted to RAS, it will be assessed and if in order, approved within 12 hours. Risk Assessment Services notifies you of your property guarantee rate by issuing you with a Property Guarantee Certificate.
You then complete a standard lease agreement and continue to deal with the tenant in normal way.
The moment your tenant fails to pay, you simply notify us. We will follow the tenant up for payment immediately. If unsuccessful, RAS will reimburse your rent. Once we have reimbursed you, the tenant’s debt becomes recoverable solely by RAS.
RAS will also inform you as to when it is necessary for you to initiate eviction procedures and upon which our guarantee will only be for a further 1 month.
Fees can be paid either once off or monthly. Note: Monthly fees are payable in advance per Debit Order.
Rental payments are guaranteed by Risk Assessment Services on a month-to-month basis. It is however re-assessable every month for as long as the same tenant contractually remains responsible for payment and RAS therefore must be furbished with the tenants payment profile by the managing agent or landlord on a monthly basis.
You can opt out at any time by notifying RAS and settling any amounts that may outstanding.
Note that we are not specialists in the management of rental property portfolios. We merely assist in the approval of the tenant and guarantee the rental income once approved.
You can opt out at any time by notifying RAS and settling any due amounts.

PRG FAQ’S

1. WHAT WILL THE SERVICE COST ME?

There Are Two Options:

Option 1: There is a renewable annual registration fee of R1 200 (excl VAT) which includes Online Credit Bureau Access and access to all our other services. The PRG fee is payable in advance.
Option 2: A Once-Off Access fee is payable of R798 (incl VAT) and it includes Online Credit Bureau Access only. PRG is payable in advance however.

Risk Assessment Services’ fee structure is based on risk factors. Every factor that contributes to the overall risk is assessed individually and a fee percentage is calculated accordingly.

The monthly fee rates for PRG in both the above options are based on the information supplied to us at the time of application as well as the relevant background checks done by RAS. The scale of the fee ranges from 4% to 7% (excl VAT) depending on the risk factored in by RAS. An administrative fee of R75 (excl VAT) is applicable if an application for PRG is declined. Monthly payments are strictly via debit order.

RAS offers flexible payment plan options, ranging from single unit property owners to clients with larger property portfolios. Clients can select a once-off payment option for the duration of the lease, or advance monthly payments via debit order for their convenience.

2. WHEN WILL I BE PAID?

If you opted for Option 1, you will be reimbursed within 2 weeks after the tenant defaulted.

Where Option 2 was chosen, you will be re-reimbursed within 6 weeks after default by the tenant.

For more information you are welcome to call us on +2751 446 4377

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