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debt Consolidate Debt - A Pain or Painkiller
 

We are living in a time when most people are trying to save a cent wherever they can. It is also a time when many are trying to consolidate debt that they have incurred during previous, more prosperous years. However, some consider it too much work to go through the process, and it’s just not worth it.

While it is true that it takes both time and effort, debt consolidation might be the answer to your financial headaches. Let’s look at some of the benefits:

1. Instead of having several loans to pay at the end of each and every month, you only have to pay one. This will save you a lot of time and effort. You don’t have to keep track of various due dates or minimum balance requirements. This means less to worry about.

2. Since you now only have one account to pay every month, it will be much easier to draw up a comprehensive budget, and it will be easier for you to plan your finances. When you have several loans to pay during the month, it’s very likely that they have very different due dates. So one or two loans must be paid the first week. Some the second week, and yet some others the third week.

This means that the money that is reflecting in your account is not really yours. It’s definitely not yours to spend as you wish, because you have loans to pay, and you need to make sure there is enough money left.

With all your accounts consolidated into one account, you pay it once, and then you are done. The money that is left in your account is yours to spend as you please.

3. One major benefit is the fact that the interest rates are half to one-third of the interest charged on revolving credit card accounts. The difference between the two is that your debt consolidation loan is a secured loan (home loan) and not an unsecured loan (credit card, personal loans, etc). This will mean a great reduction in interest rate and longer loan terms. The result will be lower monthly payments, which means you will be able to work with cash instead of credit in your daily life.
 

To apply for a debt consolidation loan you will have to fill out a short application form. You will then receive a FREE quote from well established, nationally recognized lenders. You do not need to decide now whether the debt consolidation loan is for you.

Just apply and compare the repayments to your current situation. There is no obligation on your part. If you decide that it is not for you, you simply do not have to accept the offer. You have nothing to lose and everything to gain.

20 Second Application


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Debt Consolidation | Debt | Bonds | Home Loans | Refinancing | South Africa
 
Home Debt Consolidation Credit Card Debt Loan Products Mortgage Bonds About us Contact us


Rating
starstarstarstarstar
    more
 
   
  Debt Articles
 
>Good Debt vs Bad Debt Good Debt vs Bad Debt
Debt Consolidation Loans Are your debts keeping  you awake at night?
What Can You Do When Debts Start Spiraling What Can You Do When Debts Start Spiralling?
What Services Are Available To Reduce My Debt What Services Are Available To Reduce My Debt?
Are You Experiencing Credit Problems Are You Experiencing Credit Problems?
   
  Debt Consolidation Articles
 
Debt Consolidation Loans Is Debt Consolidation for You?
Everything You Need To Know About Debt Consolidation Loans Everything You Need To Know About Debt Consolidation Loans
Debt Consolidation Can Help You Break Free From Debt Debt Consolidation Can Help You Break Free From Debt
Is Debt Consolidation Too Much Work? Is Debt Consolidation Too Much Work?
Debt Consolidation For Dummies Debt Consolidation For Dummies
Is There Any Such Thing As Free Debt Consolidation Is There Any Such Thing As Free Debt Consolidation
Debt Consolidation Loans Types of Debt Consolidation Loans
mortgage broker Debt Consolidation Basics
   
  Debt Free Living
 
mortgage broker Don't Get Into Debt Dilemma
mortgage broker Do You Really Need a Personal Debt Consolidation Loan?
Debt Consolidation, credit score Lowering Your Debt for Life
Debt Consolidation, credit score Debt-Free Living
How Can Debt Consolidation Services Help Me? How Can Debt Consolidation Services Help Me?
   
  How To For Debt Consolidation
 
How To Find Cheap Debt Consolidation Loans How To Find Cheap Debt Consolidation Loans
Debt Consolidation: How To Avoid Being Scammed Debt Consolidation: How To Avoid Being Scammed
How To Know What To Look Out For In A Debt Consolidation Company How To Know What To Look Out For In A Debt Consolidation Company
Debt Consolidation Loans How to Reduce Debt
Debt Consolidation, credit score How to improve your  credit score
mortgage broker How To Choose A Good Debt Consolidation Loan
   
  Debt Consolidation Advantages
 
Debt Consolidation, credit score Use a debt consolidation  loan to reduce debt
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What Is The Purpose Of Debt Consolidation What Is The Purpose Of Debt Consolidation
Debt Consolidation Advantages Debt Consolidation
 Advantages
   
  Debt Tips
 
Debt Consolidation, credit score How Can I Reduce My Debt?
mortgage broker Which Bills To Pay First?
mortgage broker Characteristics For Consolidators
mortgage broker Low Maintenance Debt Consolidation Loans
mortgage broker Before You Take Out A Debt Consolidation Loan
   
  Debt Consolidation Disadvantages
 
mortgage broker Are There Risks To Debt Consolidation?
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  Mortgage Loan Debt
 
Debt Consolidation Pitfalls< Mortgages for debt consolidation
mortgage broker Reverse Mortgages for debt consolidation
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  Budgeting
 
mortgage broker Budgeting & Debt
Debt Consolidation, credit score Budgeting
How Do Debt Consolidation Agencies Work? How Do Debt Consolidation Agencies Work?
   
  Debt Consolidation Calculator
 
Debt Consolidation Calculator Reduce My Debt Calculator
   
  Online Application
 
debt consolidation 20 Second Application
debt consolidation No Obligation Quote
   
  Information
 
mortgage broker Free Course by Email
mortgage broker Prequalify Myself
mortgage broker Free Reports by Email
mortgage broker FAQ
   
debt Debt Consolidation Mortgage: Using your home to pay off debt
 

Now is the time to consolidate your debts if you're serious about paying down your debts and getting rid of high-interest payments. Consolidation helps you reduce the number of payments on debts and reduces or eliminates your debt amount.

There are different options to consolidate debts but you need to choose the right way out considering the type of debt you have, be it a personal loan, home loan, multiple credit cards or a combination.

Using a personal loan to consolidate credit cards, car loan, medical bills etc is one way of getting debt-free. But utilizing your home is at times even a better way to reduce your debt especially if it's a combination of secured and unsecured loans.

2 Ways to use your home and consolidate debts:


• Pull out extra cash by refinancing:

If there is already a mortgage on the home and enough equity too, you may go for debt consolidation refinance wherein you'll be able to pay off the existing loan and take out extra cash thereby borrowing more than the loan balance. But refinance for consolidation makes sense only if market rates are comparatively lower than what you are charged currently. This will help you save in interest payments, and consolidate debts with the extra cash and interest savings. But you need to be clear as to why you are refinancing and how it can help you.

• Watch out for second mortgages:

You can try out with second mortgages for debt consolidation if you have thousands to pay for credit card debts and medical bills etc. You can borrow at fixed rates as well as adjustable rates (home equity line of credit or Heloc).

Compared to credit card rates, second mortgages are available at reduced rates, often more than 10% lower than the former. So, you are likely to save in interest by going for home equity debt consolidation. However, you need to be aware that you don't run up the credit card balances right after consolidation or else you'll be in debt again!

Only consider home equity debt consolidation if you think you can afford payments on two mortgages.
 

To apply for a debt consolidation loan you will have to fill out a short application form. You will then receive a FREE quote from well established, nationally recognized lenders. You do not need to decide now whether the debt consolidation loan is for you.

Just apply and compare the repayments to your current situation. There is no obligation on your part. If you decide that it is not for you, you simply do not have to accept the offer. You have nothing to lose and everything to gain.

20 Second Application


apply

 
 
     
  bot
home | blog | about us | testimonials | FAQs | contact us | our loan products | home loans | bond calculator
bond refinancing | bond application | debt consolidation | home improvement loan | 2nd bonds | business loans

RSS Feed | XML Sitemap | ROR Sitemap
Terms and Conditions, Privacy Policy, Copyright 2007 Global Property Finance
Cape Town, South Africa. Tel: +27 086 110 6204