I need to know how do I get a LOAN to consolidate my DEBT, I need HELP because my salary is not enough to all my debts out I need to get a DEBT LOAN so that I can Pay OFF everything and then know that I have one thing to worry about.
2lee

Hi Jele,

If you have a mortgage bond you can do a consolidation. A consolidation is when you move your current debt from high interest debt to lower interest debt. You need a clean credit record to get a lowe interest rate.

The other alternative is to apply for debt counselling. You pay one affordable payment to the Payment Distribution Agency each month. They in turn pay each creditor what you can afford to pay each month.

All you need is a income each month to apply for debt counselling. Debt counselling is still very new in SA and not many people know about the benefits.

More info at www.debtcounsellinghelp.co.za

Regards

Colin