Amongst many other debt solutions, DebtBusters can help you with debt consolidation in South Africa. With debt consolidation, you add all of your debt into a single account, rather than paying off many accounts at a time. This is great for those who need a more manageable solution to making debt payments, as it can lower the amount of interest you have to pay or allow you to obtain a fixed interest rate. It can also make you more likely to get credit and lower interest rates in the future.
To find out if debt consolidation is the right thing for you, it is best to speak to one of our consultants. We will evaluate your financial situation and budget, and work accordingly to make sure that you have enough capacity to make the monthly payment. The consultant will only need a few documents from you, after which they will contact financial institutions and provide reasons for your suitability to debt consolidation. There are costs pertaining to debt consolidation, but they are not significant when you consider the money you will save from consolidating your debts in the long run.
DebtBusters will be able to advise on the suitability of debt consolidation to your specific financial situation, as there are instances where it would prove unsuitable. Our consultants will be able to help you with regards to secured and unsecured debt consolidation, and advise as to which would be most favourable to your outstanding debts. Operating on a national basis, we can also provide you with debt counselling or a debt review in South Africa.
We will also make a detailed list of viable credit providers and what they can offer you, so that you are able to make an informed choice. We help to reduce the amount of administrative tasks you have to perform during the process of consolidating your debts − saving you much time and frustration.
As mentioned, debt consolidation could save you on monthly payments and interest rates, which has made it a viable option for many. To find out if debt consolidation in South Africa is an option for you, contact DebtBusters today.
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