So what is debt consolidation
exactly and how does it affect you? This is the question that has been put to us quite a few times and that's why we decided to tell you a bit more about what this entails exactly.
offers people in debt basically a lifeline, in the sense that you can consolidate all your debts under 1 loan and then repay only the instalment on that loan. With consolidation, the administrators will negotiate with your creditors on your outstanding debt and then arrange for repayment terms and conditions.
There are allot of people in debt currently in South Africa that require consolidation.
In the coming months we will be posting articles almost on a weekly basis that will tell you more about debt consolidation and the best options out there, so be sure to be on the lookout for new and existing news articles.
For people looking at consolidation, it is important to look carefully at the interest rate you will be getting, because if the interest rate is higher than the current rate you are paying, making use of the consolidation loan doesn't add up at all.
Our best advice is to speak to a financial company that will be able to assist you, to make sure what is the best debt option for you.
shouldn't be seen as a shame at all and there are allot of people out there that would benefit greatly to have a consolidation company help them with consolidation. So enjoy looking around our website and check back regularly.
Featured: Debt Consolidation Loan Companies
There are quite a few debt consolidation
loan companies in South Africa and although we do not offer debt consolidation loans ourselves, we will be able to assist you with debt review.
More and more people are signing up for debt consolidation
because currently people are struggling in South Africa due to more job losses than ever and this is causing people to fall into debt.
Featured: Debt Consolidation loans
Consolidation loans have become more and more popular over the last couple of years due to people struggling to repay their debt, so we decided to tell you a bit more about how these loans work and how you can apply for a consolidation loan.
These loans help to consolidate all their debt under one loan, so instead of having for example 10 creditors to pay you only have 1 instalment to pay.