Debt Consolidation loans in SA

Debt Consolidation in South Africa

Quality debt consolidation offers

In the past it was often considered impossible to get access to a loan with a bad credit record. People often get bad credit records as a result of a range of factors.
They may be retrenched from work or be rendered unable to work due to disability. As life’s challenges come up, some people may struggle to keep up with repayments on their various debts.
This often leads to missed payments, which means that credit records are adversely affected. This makes it difficult to gain access to further credit.

The reality is that South African banks often reject any loans for blacklisted individuals as they consider that the borrower’s financial history is low and flawed.
If you realise that you are struggling to keep up with your debt repayments, it’s important to seek assistance.

One way of tackling this challenge is by getting help in the form of debt consolidation.

Insurance Loans South Africa may be able to provide assistance in the form of debt consolidation solutions.
In this instance, your credit facilitator would arrange a debt settlement program with your bank and other lending institutions that you have borrowed from in the past.

You will be asked to pay a bulk lump sum amount to cover all your bills and other payments.

What are the benefits of debt consolidation?

You will be able to improve your credit record. By consolidating your debt you may be able to avoid bad credit. If you are already blacklisted, by making timely repayments every month, you may be able to improve your credit record.
The interest rate you are charged may be significantly lower
You will only have to keep track of one monthly payment instead of multiple payments and multiple interest rates
All services are approved and regulated by the National Credit Regulator of South Africa.
Different and flexible interest rates and periods of payment make your financial life a bit easier.

With Insurance Loans South Africa you are always welcome to customise your options and to opt for the exact help that you are looking for.
This institution will assess your current financial standing before you are declared suitable for debt consolidation. If you are declared suitable for debt consolidation, you will be able to get the help you need for your unique financial standing.

Try our loan calculator or get information about applying for a loan.

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