Nowadays it is easier to get into debt, given that there are so many things to spend on while income is always limited. With a consolidation loan you are able to take all the different loans or credit you as the consumer have incurred over the years and lump them all together into one single payment.
The interesting thing with consolidation loans is that it is the type of credit which is exempt from a reckless credit investigation, as no South African credit provider has registered a consolidation loan with the NCR.
Yes, you can get a consolidation loan, however they can still fall into the realm of reckless credit if a creditor does not do the proper research and grants it to a consumer who cannot afford to repay the loan. It is also a good idea to find out which loans you can consolidate before getting a consolidation loan.
Which is why at Quick Consolidation Loans, we make sure that you can afford to get a loan with us. If you cannot get a consolidation loan, it means that you must start looking at reputable debt review companies that can assist you with your debts. National Debt Advisors is one reputable company that can assist you – contact them for help.
We will be able to offer advice on the suitability of debt consolidation to your specific financial situation, as there are instances where it would prove unsuitable. Our consultants will be able to help you with regards to secured and unsecured debt consolidation, and advice as to which would be most favorable to your outstanding debts. Operating on a national basis, we can also provide you with debt counseling or a debt review in South Africa. As mentioned, debt consolidation could save you on monthly payments and interest rates, which has made it a viable option for many. To find out if debt consolidation in South Africa is an option for you, contact Quick Consolidation Loans today.