To consolidating debt
Debt consolidation is a method often used in this situation and helps consumers simplify their budget.
After consolidating their debt, many people report a reduced sense of stress.
We have been receiving allot of enquiries related debt problems and specifically with the current economic climate in South Africa, more and more people seem to find themselves in debt.
We are here to help you, so do not be discouraged because we are able to help you getting your personal finance in order.
Credit Advisors Foundation has been helping consumers get out of debt since 1991.
By offering credit counseling, debt consolidation, debt management programs, bankruptcy certificates and housing counseling, through certified credit counselors, we are able to help debtors leave behind the stress and worries of financial hardship.
Theoretically, any use of one form of financing to pay off other debts is practicing debt consolidation.
Credit Counseling is a process which involves speaking with a certified credit counselor who cares about you and your situation.
After analyzing your current financial situation, you will receive an effective recommendation on how to tackle your problems.
For people looking at consolidation, it is important to look carefully at the interest rate you will be getting, because if the interest rate is higher than the current rate you are paying, making use of the consolidation loan doesn't add up at all.
Our best advice is to speak to a financial company that will be able to assist you, to make sure what is the best debt option for you.