There are quite a few companies in South Africa that offer debt consolidation and we are going to be reviewing at all of the top companies in the coming months.
Debt consolidation is basically the process whereby you apply for a debt consolation loan in order to repay all your debts in one go and then only have 1 single instalment to pay to the financial institution that offered you the consolidation loan.
This concept is a relatively new one and the idea of having one loan to settle all your outstanding debts and only payment this one instalment, makes complete sense.
There are obviously a few things that you do need to look at in closer details, such as interest rate that you will receive from the loan company as well as the review of tier service offering and loan options.
There are quite a few companies offering this service and we encourage you to do your research to make sure that the company you decide to go with is a reputable one that has been around for a good couple of years and offer great service to their customers.
We will be looking at few debt consolation companies in the coming weeks, so be sure to check back soon for all the latest reviews and news on these consolidation companies.
If you would like a bit more information on other debt options, be sure to read through the articles listed below to determine what debt solution with best suit your current needs and contact us with any additional requests related to debt reviews that you want to read.