Having access to credit can be convenient when you’re facing a financial emergency. Your responsibility is making sure that you repay your creditors on time. If you find yourself having to keep track of multiple debts and you find yourself struggling to keep up. It may be worthwhile to consider debt consolidation.
What is debt consolidation?
This is a debt management process that merges all your various debts into one single payment.
It essentially involves the pooling of balances on loans and credit cards into one account. The main goal of debt consolidation is to get a lower interest rate.
When do you qualify for debt consolidation in South Africa?
You need to be considered to be struggling with repayments.
You’ll need to be willing to undergo a credit check. The lender will decide after assessing your credit whether you’ll have enough money left for the repayment of the loan.
You’re likely to qualify if the risk is lower for the lender.
Why choose Sizabantu Financial Services?
The lender offers clients a convenient debt consolidation solution, with the potential for reduced instalments.
You have the benefit of being able to pay one instalment instead of multiple payments.
It allows you to save on multiple fees.
You get access to enough money to pay off all your debts.
The process has no negative impact on your credit rating.
With branches in Isipingo, Pietermaritzburg, Empangeni and Pinetown, Sizabantu Financial Services offers services to clients mainly in the KwaZulu-Natal area.
Documents you need for the application:
- Valid South African ID
- Most recent payslip
- 1 month bank statement
- Statements from your creditors
Sizabantu Financial Services is an institution that assists anyone who is in debt. By choosing Sizabantu Financial Solutions you can get the help you need to get out of debt and be financially empowered. With lower instalments and potentially lower interest rates, you may have more disposable income at the end of the month.
To contact Sizabantu Financial Solutions, call: 031 824 9230.