Debt consolidaiton may be the solution. When you take loans, you get into debt IN1len you take loans from many lenders, you have multiple debts Multiple debts are real headaches. This also increases the risk of defaults and you have additional pressure of repayments Using one loan to consolidate your debt can solve your problems
Debi consolidalion entails taking out one loan lo pay off many others. This is often done to secure a lower interest rate, secure a fixed interest rate or of the convenience of servicing only one loan.
It often involves a secured loan against an asset that serves as collateral, which is most, commonly a house (in this case a mortgage is secured against the house.) The risk to the lender is reduced so the interest rate offered is lower.

"I was caught up in a debt trap due to circumstances beyond my con tr otter assistance in this regard, but do not deliver on their promises. I improve my cash now, without having to sell my single biggest asset. Honestly, I think very effective and efficient! You showed understanding of my situation w;thout being ju any way."'

D. Jevon, CT, South Africa

This is also a loan and means another debl in your account. However, ii has several advantages. II helps you consolidate your other debts. and thus to bring down the interest rates as applicable
One of the besl features of a debt consolidation loan is lhal you arrange lhe moothly payments so they fit your budgel. Each monlh, you know how you can manage your payments and gel you some breathing room so lhal you can start lo resolve your money issues

"We saved RB,300 pm on debt payments. I would really like to thank you for all your assistance in acquiring a second and third bond for us."

B.Botha, CT, South Africa

"We've found it increasingly difficult to keep up with all our accounts every month and so we decided to consolidate our debt.., With Zulika's heIp we've improved our cash flow with R5,312 pm
and this was by far the easiest financing that we ever got.  FRheeder, Jhb South Africa

F Rheeder, Jhb, South Africa

Another important feature of consolidating bills is that it helps your credit record. As you accumulate more and more debt. you damage your credit record. If you have missed payments or carry excessive credit card debt, your credit score suffers. When you consolidate your accounts and pay off your outstanding debts, you stop the damage being done to your credit
You show accounts that are paid off which helps with repairing your credit. So how does that benefit you? A better credit score means lower interest rates in the future for things like a mortgage, car loan or home refinancing. In the long run, ii can save you thousands (maybe tens of thousands) of Rands.
How Much Is Financial Stability Worth To You?
So what value can a debt consolidation loan provide you? lt”s all about f11ding financial stability for you and your family. That way you can look forward to a brighter financial future
Eliminate high interest debt – the thing that causes you stress and anxiety month after month. By making only one payment each month, ifs just easier – giving you the chance lo resolve your debt issues. A debt consolidation loan will help you to improve your credit rating, which in turn will save you more money in the future

For more on debt consolidation see below
Types of Debt Consolidation loans
Debt Consolidation • What Options are available?
Debt Consolidation Advantages
Debt – Free living
Lowering Your Debt For life
Are your debts keeping you awake at night?
ls Debt Consolidation for You?
Good Debt vs Bad Debt