Debt Consolidation Loans | Debt Consolidation | Consolidation Loans | Reduce Debt | Home Loans | Refinancing
Home Debt Consolidation Credit Card Debt Business Finance Mortgage Bonds About us Contact us

Rating starstarstarstarstar

  Home Loans
debt consolidation Home Loans Cape Town
  Debt Consolidation Articles
Debt Consolidation  Loans Have You Settled Your Debt?
Debt Consolidation  Loans Debt Consolidation - What Options ARe Available?
Debt Consolidation  Loans Types of Debt Consolidation Loans
mortgage broker Is Debt Consolidation on a Mortgage Wise?
mortgage broker Debt Consolidation Basics
Debt Consolidation Loans Is Debt Consolidation for You?
debt consolidation, mortgage, debt Using Your Home to Pay Off Debt
debt consolidation, personal loans, mortgages Mortgages instead of personal loans for debt consolidation
consolidate debt - a pain or painkiller Debt Consolidation Loans Can Help You Break Free From Debt
debt consolidation where to start Debt Consolidation - Where to Start
consolidate debt - a pain or painkiller Consolidate Debt - A Pain or Painkiller?
debt consolidation loans offer financial relief Debt Consolidation Loans - What Options do you Have?
debt consolidation loans offer financial relief Debt Consolidation Loans Offer Financial Relief
  Debt Free Living
mortgage broker How To Create A Debt Consolidation Plan
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
  Debt Consolidation Advantages
Debt Consolidation, credit score Use a debt consolidation  loan to reduce debt
Debt Consolidation Advantages Debt Consolidation - Beware of Possible Pitfalls
Debt Consolidation Advantages Debt Consolidation
  Debt Tips
Debt Consolidation, credit score How Can I Reduce My Debt?
mortgage broker Which Bills To Pay First?
Debt Consolidation Loans How to Reduce Debt
Debt Consolidation, credit score How to improve your  credit score
mortgage broker Characteristics For Consolidators
mortgage broker Low Maintenance Debt Consolidation Loans
mortgage broker Before You Take Out A Debt Consolidation Loan
mortgage broker How To Choose A Good Debt Consolidation Loan
mortgage broker Budgeting & Debt
Debt Consolidation, credit score Budgeting
  Debt Consolidation Disadvantages
mortgage broker Are There Risks To Debt Consolidation?
mortgage broker Why a Personal Loan Won't Work For Debt Consolidation
Debt Consolidation Pitfalls< Debt Consolidation Pitfalls
mortgage broker How to Consolidate Debt if You Are Not A Home Owner

Mortgage Loan Debt
Debt Consolidation Pitfalls< How To Raise Your Credit Record When Applying For a Home Loan
Debt Consolidation Pitfalls< Mortgages for debt consolidation
mortgage broker Reverse Mortgages for debt consolidation
  Debt Consolidation Calculator
Debt Consolidation Calculator Reduce My Debt Calculator
  Online Application
debt consolidation 20 Second Application
debt consolidation No Obligation Quote
mortgage broker Free Course by Email
mortgage broker Prequalify Myself
mortgage broker Free Reports by Email
mortgage broker FAQ


SEO & PPC Experts

Loans For Blacklisted


How to Create a Debt Consolidation Plan


Debt Consolidation - Many people are in debt struggling to pay their monthly bills.  Most people are looking for help in creating a debt consolidation plan in hopes to be able to afford their payments and still be able to live.  Some people will go to a consumer credit counseling agency, but many people are learning how to do it on their own.

Having a debt consolidation plan, individuals can determine the best way to get out of debt.  There are so many different methods to getting out of debt, but all of them require you plan it out and budget it correctly.  This will also help the individual to stay out of further debt.

  1. List Your Debt

Always start out by knowing exactly what the total debt owed is.  Grab a pencil and paper, and make a list of everything that is owed.  Any cars, your house, student loans, credit card debt, store accounts, etc that is owed should be listed.  Leave out any second mortgages or home equity loans.  Rewrite the list in order, by the highest interest rate to the lowest interest rate.

  1. Calculate Monthly Payments

Next calculate the monthly payments for each one of the debts listed.   Write down the minimum monthly payment for each one.  The goal is to reduce your monthly payment amounts. 

  1. Calculate Outstanding Debt

On the other side of each of your outstanding debt, write down the exact amount still owed.   Add up the amount you still owe, as well as the monthly amount you spend paying your bills.  Remember this amount does not include your everyday expenses such as petrol, utilities, food, etc.

  1. Shop For The Lowest Interest Rate

Browse the different consolidation loans that are available today to help with your circumstances.  There are secured loans and unsecured loans, but you want the lowest rate line of credit available.  Shop until you can find the lowest rate with enough credit to cover your total amount of debt that you owe.

  1. Contact Lenders

Contact the lender and explain that you are looking to rid yourself of your debt through their loan.  This is extremely pertinent to tell them because some lenders when they look at your debt will not give you more credit than what you have.  If you are closing the other accounts and getting rid of all balances, the lender is more likely to help you.

  1. Create a monthly budget.

Once your old debt is paid off through the consolidation loan, it is exceptionally easy to fall back into the same amount of debt.  Do not allow yourself to make that move.  Track all you're spending, and make sure your loan is paid off first. 

Always pay as much as you can on the consolidation loan so that you will pay it off faster.  It is crucial to be strict with your spending during this time.  It is very easy to fall back into your old spending habits that got you into the mess you are in.  Do not indulge or overspend with the extra cash flow you may see each month.  Save, and work on getting rid of the debt completely.

Debt is something that weighs people down.  Debt can truly change anyone's mood and entire personality.  Once you remove yourself from debt you will feel like you are finally free.  The freedom you will feel will make it entirely worth it.  Do not give up as you work towards freedom from debt!


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

RSS Feed | XML Sitemap | ROR Sitemap
Terms and Conditions, Privacy Policy, Copyright © 2007 Global Property Finance
Cape Town, South Africa. Tel: 0861 106 204