Does Debt Consolidation Hurt Your Credit?
Does debt consolidation hurt credit? With the financial uncertainties of our future, increasing amounts of our populace find themselves taking out fin...
04 June, 2024In these times of economic uncertainty, debt is rifer than ever. With South Africa’s cost of living crisis, horrid unemployment rate, abhorrent admin fees, and stormy political climate repaying debt can seem impossible.
Did you know that more than a third of our nation uses most of their paycheck to make numerous debt repayments on store cards, revolving credit, personal loans, and unsecured debt?
Combat debt with one simple solution: consolidation. This medium of debt repayment involves financing every bit of debt you have into one chunk– one chunk you pay off every month with a lower interest rate. You might also consider paying it off over a longer period, resulting in lower monthly repayments.
Beat financial uncertainty with a consolidation loan, helping you stay within budget, pay off your debts all at once, and feel good about your finances.
In essence, consolidation loans are personal loans that come with lower interest rates and longer repayment terms to meet the conditions of their purpose: debt refinancing.
Debt Refinancing will award you finance of up to R350 000 to pay off all your debt at once. Then, you would pay us back slowly with a lower interest rate. You’ll get to save while making lower repayments in debt.
You can apply with bad credit and use your repayments to boost your credit score. Making minimum payments in full and on time shows credit bureaus that you are financially responsible and tackling your balances with due diligence.
Ready to take control of your financial freedom? Apply with Debt Refinancing for lower payments, reduced interest rates, and a hand to hold while you pay off your debt. Let’s work together to take charge of your money in your way.
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04 June, 2024