Multiple Creditors looking for settlement, or struggling to continue with unaffordable repayments?
There are options for an agreement with your creditors so your debts continue to be paid over a set period of time.
This results in a reduced single monthly payment when compared to the current unaffordable monthly payments being made.
Even write off part of the debt.
Below is exactly what our experts want you to know;
Debt Re-Organisation / Consolidation Loan
Am I Eligible?
No debt limit with something to offer by way of monthly repayment or lump sum
Do I have Creditor Protection?
Only binding on creditors paid in full
Will I be offered Debt Forgiveness?
No debt forgiveness
What about any Interest & Charges?
Interest & Charges will apply as per the contract of the consolidation loan
Will the Creditor still contact me?
The consolidating creditor will still be able to contact you, but as all other creditors will be paid off through the consolidation their contact will cease
Are there any Costs involved?
You may have to pay fees for arranging the loan
What is the repayment Duration?
No fixed term
What Payments must I make to the Creditor?
As per the contract of the consolidation loan
Are my Assets at risk?
Yes, if you fail to manage the payments in respect of any unsecured consolidation loan, asset protection is not guaranteed and your home may be at risk
Will my Employment be effected?
No, it will remain unaffected
Will it be recorded on a Public Register?
Will my Credit Rating be affected?