Monday 15TH March marks World Consumer Rights day as The NCR embarks on a nationwide public awareness campaign, including roadshows and exhibitions, to educate the South African consumer. Luke Hirst, MD of Debt experts DebtBusters says ‘There is a huge lack of financial training and budgeting in schools, universities and the workplace. This initiative should […]
27 November 2012
What is Debt Consolidation and are the many offered in the market, true debt consolidation loans?
Debt consolidation is used for many loans, but a true consolidation is one that is used fully to pay your previous debts, thereby reducing the overall interest and monthly payment. Unfortunately many debt consolidation loans I see have high interest and other charges which mean a consumer’s situation is not solved, plus the other debts are not fully settled.
For me debt review is the best debt consolidation loan in the market place, as you are starting a program to become debt free, interest in many cases is reduced, you have 1 monthly payment and are debt free in the shortest period of time possible. On top of that you learn to budget, meaning you will be wealthier over your lifetime.