We are often asked how our clients money is distributed to each creditor every month. We work with a company called Hyphen Payment Distribution Agency. (Hyphen PDA)
Hyphen Payment Distribution Agency is a South African-based company. They specialize in the distribution of payments to creditors. This is done on behalf of all our debt counselling clients. The company was founded in 2007 and has grown to become one of the leading payment distribution agencies in the country.Meerkat partners with Hyphen PDA to help our clients manage their debts effectively. Once we have created a debt repayment plan for our client, Hyphen takes over the payment distribution process. You just make one single monthly payment to Hyphen.
Hyphen will then distribute the funds to the creditors. This follows the agreed plan. This ensures that all our clients payments are made on time, and that your creditors receive the correct amount of money.
Hyphen uses a sophisticated payment distribution system to ensure accuracy and efficiency in the debt repayment process. The system is automated, which means that payments are processed quickly and securely.
Meerkat will never handle your money. Payment is made directly to Hyphen. Hyphen will distribute the payment to the creditors in your plan.
We are committed to providing excellent service and take extra steps to guarantee accuracy and timeliness of payments. We also monitor the status of all payments, ensuring that they are received and processed properly.
Hyphen's payment distribution system is designed to protect your information and provide a secure and efficient way to manage your debt. You will never be asked to make your payment to any other bank account. If this should happen make sure you contact us immediately.
We are always available to answer any questions or concerns you may have regarding your debt repayments. Our goal is to help you. We want you to get back on track with your debt. We also want to provide you with the support you need to manage it effectively.