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Debt Consolidation

Consolidating your debt simplifies your financial life by putting  together all your debt repayments into one single payment.

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Understand your situation

Get an understanding of your current debt profile and which consolidation solution would benefit you most.


Get protection from creditors

Avoid creditor harassment and the accompanying personal administration hassles.


Compare your options

Compare the cost implications and affordability of a consolidation loan versus a structured consolidation plan such as debt counselling.


Check the numbers

View a summary of current debt and cost of the interest on each credit account to determine if the consolidation loan will in fact provide interest rate savings.

What is debt consolidation?

Debt consolidation is the globally accepted definition where you consolidate multiple debt repayments into one. Consolidating your debt simplifies your financial life by putting together all your debt repayments into one single payment which is paid to all your credit providers.

Consolidating your debt does not involve taking out a new loan.

Many will look toward a consolidation loan, which involves taking out a single, new loan, at the highest interest rate, to pay off multiple smaller debts. In rare circumstances, this can save you money, however, for most consumers this comes at a very high interest rate, upwards of 25% or more.

In today’s economy, the financial pressures on households are enormous. Marketing on TV, online, and in newspapers bombard us with all the great new items that we can purchase. To be able to buy all these items, we are told to get credit. It can be alluring, you can get everything you’ve ever wanted, seemingly at little cost — for now. Slowly, however, the debt will mount.

If you feel like debt is overburdening you, you’re not alone. Twelve million South Africans are considered to be overburdened by debt. It may feel isolating to be in a situation where the debt is starting to overwhelm you, but there is hope. Consolidating your debt through debt counselling is the best way to get you back on your feet.

Contact Us

5th Floor, 11 Adderley Street, Cape Town, 8001

Operating Hours:

Mon-Thu: 07:00 - 21:00
Fri: 07:00 - 18:00
Sat: 09:00 - 12:30

Call our experts now on 0861 365 910 Registered debt counsellor NCRDC1801 NCRDC2374 A member of the National Debt Counsellors Association