Consolidate Your Debt

Debt consolidation consists of a loan obtained from a financial institution that is used to pay the majority of your debt. This loan is typically repayable over a maximum period of 5 years.

  • The advantage is a lower interest rate than your current rate on other debts, meaning lower payments adapted to your payment capability.
  • If you do not have good credit history, the financial institution may request an endorser, i.e. someone who will be liable for the debt if you are no longer able to repay the loan, or you may be asked to sign over certain assets as collateral, if in your possession, such as a home, vehicle, land, etc.
  • Watch out for credit institutions that accept consolidation loans with higher interest rates than those currently applied to your other current debts.

Turn your situation around.

There are a number of potential solutions, depending on your situation and objectives. It is never too late to begin a process to implement solutions. It would be my pleasure to meet you so you are equipped to get out of an uncomfortable situation.

Contact me