Debt Consolidation

Why consolidate debt?

There are two main reasons why you may wish to consider Debt Consolidation:

• In order to try and reduce the cost of your existing debt funding.


• In order to try and do away with the complication of having to pay back lots of creditors. By concentrating on one or two large creditors you'll make your money management issues far simpler.

What is Debt Consolidation?

Debt Consolidation is the process of taking your small debts (things like credit- and store cards or personal loans) and consolidating them into one or two larger debts (most typically your home loan). By doing this, you'll benefit from the lower interest rate on you larger debts and thereby save on interest costs in the long term.

How do I consolidate my debt?

By approaching using DebtBusters, we'll approach one of your existing creditors with a Debt Consolidation plan or talk to a third party lender about the possibility of taking out a loan in order to consolidate your outstanding debt.

In this regard, it is very important to understand that Debt Consolidation is not new money lending. Any lending you are given is merely to consolidate the existing debt you have, and the lender will ask you to declare and account for this.

Given the right circumstances, Debt Consolidation can be an extremely useful debt solution tool.

To see if Debt Consolidation is right for you, contact a DebtBusters consultant using the Free Call Back service opposite or call us on 0861 663 328