What is a Debt Consolidation Loan, Exactly?

A debt consolidation loan is a type of loan that can be seen as an effective way to refinance your debt. In other words, it means taking out another, bigger loan to pay off your other current debt. It is seen as a financial solution where instead of having a number of monthly repayments; only…

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Why Debt Counselling is Better Than Another Loan

A large number of South Africans believe that if they cannot afford to pay off their loan, they should take out another to cover their expenses. This is certainly a misconception, and in fact, will only lead to a worse financial situation. Another loan will mean yet more debt. If you cannot afford the repayments…

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