Debt consolidating secured personal finance Free online sex chat no credit needed

Critics of debt consolidation say it’s a “con” because it dupes you into thinking you’ve done something about your debt.

In fact, your debt is still there – you’ve just moved it, they say.

But it would be true for many people in debt, and the remedy for them is behaviour change – such as learning to live on less – not more debt.

People who apply for a debt consolidation loan are either already financially stressed or in danger of going that way.

Are you stuck under an overwhelming pile of consumer debt?

Do you feel like it might be impossible to get out?

Depending on your credit profile, your rate is a little above or below the prime rate (currently 8.5 percent).

On the other hand, credit cards, store cards and short-term loans incur interest of anything from 21 percent a year to 32 percent over six months.

It could be for an urgent home repair, a wedding, replacing home appliances or unexpected travel expenses.

And too many mistakenly expect debt consolidation to be a panacea for all their ills – when it’s more like putting a plaster on a serious wound. While that is true, it’s also true that there are savvy ways to deal with debt.

“It’s a short-term fix, not a remedy for the underlying problem,” says Paul Slot, the president of the Debt Counsellors’ Association of South Africa. For example, your home loan is usually your cheapest form of credit.

With a personal loan, you would use the loan proceeds to pay off credit card debt, medical debt or any other form of debt.

You would then have a loan at a fixed interest rate and a fixed term.

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We only partner with reputable companies and are constantly adding to our range of finance solutions. But rest assured that everything that we do is based around treating the customer fairly. We have numerous options when you have a poor credit history.

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