What is Debt Consolidation?
There are 2 types of Debt Consolidation
1. Debt Consolidation Without a Loan
If you are struggling to pay your debt, you are blacklisted and you have tried getting consolidation loans but have been declined, this is for you.
2. Debt Consolidation Loans
If you have a good credit record and you are not blacklisted, this could be a good option – consolidating smaller, more expensive, loans and credits into one more affordable loan.
How does it work?
The theory behind a consolidation loan is all well and good as long as it is a permanent solution. However, statistically this is only a short term solution as you are more likely to re-use credit that has now become available to you (credit cards, store cards etc.). The cycle tends to repeat itself until such time that you can no longer consolidate any further and fall into a debt trap that you can no longer control.
If you are serious and want to live DEBT FREE then speak to one of our trained consultants that will help guide you and show you a way in doing just that and the fastest possible way still ensuring that you can live day to day without the stress of wondering how to put food on the table.
Talk to us to to see if a debt consolidation without a loan is your best option.