Debt Consolidation Advice

Debt Consolidation Advice

Good Solid Advice

For those of you who have credit agreements with more than one creditor and are struggling to pay them off, you have probably considered taking out a debt consolidation loan.

Debt consolidation refers to replacing all your smaller debts with one large debt that combines them all into one easy payment. So you don’t have to go to the trouble of paying several credit providers every month.

Our advice, at Reduce My Debts, when considering taking out a debt consolidation loan, is to speak to one of our friendly, helpful debt consolidation consultants before making any binding decisions.  A debt consolidation loan requires tactical budgeting and true discipline, so if you don’t feel like you can do it alone, by all means turn to a professional for advice so you can make an informed decision.

Fools rush in

Our advice is that you don’t take a debt consolidation loan until one of our consultants gives you a free affordability assessment to see if you are capable of servicing your debt obligations, as well as be able to afford all of your living expenses.

We also advise that you avoid consolidating your unsecured debts with a loan secured against your home, as this will put unnecessary pressure on you, as well as putting you at risk of losing one of your most valuable assets. If you feel debt consolidation is for you, we can guide you through the application and agreement process so that you do not end up making your debt situation even worse than it was before.

Allow us to set you on the right path – towards clearing your debts and enjoying a debt-free life!

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