How Can Debt Consolidation Help You?

As anyone who’s ever been in debt knows, the stress and frustration that comes with debt can be overwhelming. This is even truer in the case of multiple debts, with so many financial institutions and retail stores adding on massive interest, which often adds to the problem.

Debt consolidation makes it possible for you to manage your debts, by paying off existing debt and keeping all of your repayments under one roof rather than having to worry about paying off multiple debts at high interest rates.

Whatever your financial needs, this is one of the simplest ways to take those first steps towards financial freedom, as you slowly but surely pay off your debts at excellent interest rates. Don’t let debt ruin your life – instead, consider the huge benefits that debt consolidation has to offer on a short and longer term scale.

Anyone can get consolidate their debts and strive towards a debt-free future, especially with a range of debt consolidation products that are tailor-made to suit each and every financial situation.

Find out more about how you can consolidate your debts, and learn which products will best suit your needs by completing the form below. A customer service representative will get back to you within 24 hours to help you find the best solution to get debt free.

CLICK HERE TO APPLY!

“Revealed: How Anyone Can Achieve Financial

Freedom with Consolidated Debts”

Let’s be honest – debt is something that almost every single person in the world has had to deal with at some point in their lives. It’s not something that anyone intends to go through, but with mounting costs, growing families, everyday needs and the effects of the recession still in place, it can be almost impossible to avoid debt.

It may start out with just a few maxed out retail cards and credit cards, but before you know it, the debt collectors are knocking at your door and the situation is getting beyond your control. This is where debt consolidation comes in to save the day – by consolidating all of your debts, and paying off all existing debts, you will be left with just one debt rather than a number of debts.

With low interest rates and payment terms that are based on your income, you will be able to work towards a debt-free future by paying off your consolidated debt slowly but surely.

It doesn’t matter what your financial status may be, anyone can enjoy the relief and peace of mind that comes from consolidating your debts. Approved by the National Credit Act No.34 of 2005, this is one of the most effective ways of managing your debt, and preventing further debts from piling up.

Here are just some of the ways that debt consolidation can help:

1.    Unsecured Debt Consolidation – non-homeowners

Pay off all your current debts and have just one single account to pay off, with lower repayment rates and lower interest rates on the amount that you owe. You will be able to pay off up to 5 loans, which are paid directly to the debtors within 10 to 14 working days. With a minimum limit of R10, 000 and no maximum limit, the loan term for unsecured consolidation of debt is 24 to 60 months.

2.    Secured Debt Consolidation – homeowners

For homeowners who have sufficient equity on their property, and can afford to take out a second loan against their property but are unable to do so due to bad credit records, a secured debt consolidation works by paying off all existing loans, with just one single account to pay off instead.

Once credit records have been cleared, then this debt is paid when a second home loan is approved by the credit bureau. The minimum limit is R30, 000, and the maximum is determined based on income and equity of property.

3.    Debt Review – all consumers

Debt review is a process created under the National Credit Act that helps over-indebted consumers deal with the pressure given by their creditors. The National Credit Act states that you should be entitled to pay basic living expenses such as rent, water, electricity, food, school fees, transport fees and other daily costs, regardless of the debt you owe.

Debt review makes it easier for debts to be managed effectively, by charging repayments that take daily living costs into consideration, with up to 50% difference in repayments and no upfront fees or hidden costs. This is a hugely beneficial option for those who are struggling to pay off their debts, and should be implemented before you are issued with a summons or court order.

Why No Consumer Should Have to Struggle with Debt

The best thing about debt consolidation is that it makes it possible for EVERYONE and anyone to manage their debt. Many people who get into debt believe that there is no way out, or they take the ‘ostrich in the sand’ approach and hope that the debt will simply go away.

Ignoring debt is how one becomes over-indebted, and the consequences and stress that comes from reaching this point are massive – summons and court orders, debt collectors, constant worry and even the looming threat of prison time are all suddenly possible.

Don’t wait until it is too late – find out how you can consolidate your debts and take the first steps to clearing your debt and improving your credit record. Whatever your current financial status, no consumer should ever have to struggle with debt.

To learn more about how debt consolidation can help you, complete the form below to have a customer service representative get back to you within 24 hours.

CLICK HERE TO APPLY!

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