If you do not feel like it is the right thing for you, then you do not have to submit a joint application. It is up to you to decide to include your spouse in the process or not.
However, applying for a loan with your spouse could increase the amount you will be able to borrow if you both have reasonable credit scores. Credit providers will assess a joint application using both your incomes.
However, the chances of your loan application could be negatively affected if one of you has a bad credit history.
You can apply for a loan in your own name without involving your partner.
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.