Blog - Debt Consolidation

Blog - Debt Consolidation

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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Overwhelmed by Debt? What is the Next Step?

It can be tough to make ends meet in these increasingly more difficult economic times. Quite often, one can find themselves sinking further into debt. If you’ve recently received a reduction in your working hours, or worse, no longer have a job, your debt may feel overwhelming and you may feel there is no end…
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Is Debt Review the Answer to Your Debt Problem?

You may be among those trapped in debt. Quite often, this starts with just one life changing event. Perhaps you have lost your job, or have contracted an illness that does not allow you to work. Perhaps your vehicle has broken down and the cost to repair it is astronomical. There are many ways it…
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How Debt Review Can Benefit You?

So, you’ve heard about debt review but you aren’t sure this is for you? If you’re struggling to make ends meet and try avoid end-of-the-month phone calls from your creditors, perhaps you need to rethink your position. A large percentage of our country is considered over- indebted. This means that they have so much debt…
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You Can Manage Your Debt

If you find yourself in the seemingly endless cycle of paying off debt that doesn’t seem to lessen, you may need assistance in managing your debt. A large portion of our fellow countrymen find themselves struggling to pay their monthly obligations. The good news is that you can take control of your debt. Have a…
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Overwhelmed by Debt? What is the Next Step?

It can be tough to make ends meet in these increasingly more difficult economic times. Quite often, one can find themselves sinking further into debt. If you’ve recently received a reduction in your working hours, or worse, no longer have a job, your debt may feel overw n these tough economic times it is difficult…
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How Debt Review Can Help You

Are you struggling against what feels like an endless tide of debt? You are certainly not alone. In these uncertain times, especially now that the pandemic has emerged in force, many South Africans find themselves as over indebted. This means that they are unable to meet their monthly payment obligations to their creditors. The cost…
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Will You Benefit From Debt Review?

There are a huge number of South Africans who are struggling with debt. The Covid-19 pandemic certainly added to our country’s debt, and there a still a great number of people who are over indebted. Over indebted means being unable to meet monthly financial obligations. A person is over indebted if he is unable to…
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Tips To Reduce Your Monthly Spending

Even if you have a carefully planned budget, it is easy to get carried away when you are tempted with spending more than you should. Like those gorgeous shoes that you must have, or the night out at the new restaurant. The good news is that you can reduce your monthly spending, and still have…
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I Have Too Much Debt! What do I do?

It is another new month and you find you cannot pay your monthly bills again. Statistics show that up to 80% of South Africans are over indebted, in other words, they cannot afford to meet their monthly payment obligations. Both poor money management skills and the use of credit has led to a situation in…
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You Can Reduce Your Debt

For the second month running, petrol prices are set to increase. This along with increased elecctricity and food prices. It is a fact that costs are going up and the cost of living is increasing. In order to free up a little disposable income, it makes sense to get rid of some of your debt…
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