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Credit Cards Guide

Finance options in SA

Consolidate your Credit Card Debt

If you need to consolidate your credit card debt, it is best for you to apply for a loan. Many people take out a personal loan to squash their debt, but this is not the right way to do it. Personal loans tend to have higher interest rates compared to proper consolidation loans, so use the right financial help if you want the best rates. To be financially free is many people’s dream, but this dream comes with lots of hard work, determination, borrowing and sometimes even counseling. There are more than a handful of companies out there that offer credit card consolidation, so all you have to do is find the one that offers the most affordable rates, ones tat you will easily be able to afford.


By taking out a loan to consolidate your credit card debt, you won’t have ridiculous monthly payments on your maxed out credit card anymore, but rather affordable monthly payments on the loan you took out. The reason why counseling is often suggested for those who have financial trouble is because a counselor will be able to help you deal with the stress and emotional turmoil while you are trying to turn your life around and live a normal life without always having final demand calls from your creditors as these seem to triple the stress load in just a few seconds.

It will take some time before you become completely financially free, but every step is a step closer to reaching your goal. Once you have tried out a few companies you think can help you, you will have to choose just one of them to borrow the money from, preferably the one with the best terms and lowest interest. They will then look at your situation, decide how much money you need to pay off the credit card and they will also determine what a fair amount is for you to pay back on the loan every month.



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