Debt consolidation is a loan that you would take out to consolidate several smaller loans into one loan. Basically, paying off the balances of all the other loans. The goal of a consolidation loan is to reduce monthly instalments usually by means of lower interest rates and extended payment terms.
Comments are closed.
More related posts
How often do you pop to the supermarket to get some basics and leave with a trolley full of items you never intended to buy? Impulse buying happens to all of us – and mostly, we ignore it, excuse it, or simply blame ourselves. The reality is that most stores are designed specifically to keep […]
by Lyse Comins March 27 2008 IOL.co.za. Originally from the The Mercury on March 27. The National Credit Regulator is clamping down on a Durban debt counsellor who is allegedly overcharging cash-strapped consumers for his services and collecting debt repayments in contravention of his registration conditions. But Johan Van Zyl, against whom the regulator has […]
On the 20th March 2013 the articles “Younger people falling into debt trouble, quickly! was written based on a press release sent out by DebtBusters, and posted on the Times Live. The average age of consumers falling into debt has fallen from 42 to 34 in the last five years, a debt management company said […]
December is arriving and as the jingle bells rock and the good times start to roll, it’s vital that you keep a watchful eye on your budget. It’s easy to get caught up in the huge ‘sale’ signs and the flashing lights, so we’ve put together some tips to help you keep your festive season finances right on track whilst under debt counselling.