Why choose a consolidation loan?
If you’ve got more credit sources than you know what to do with, then a consolidation loan could be just what you need.
Credit cards, personal loans, overdrafts, store cards: it’s easy for them to get out of control. Are you simply paying off the interest, through minimum payments, rather than reducing your arrears? Do you feel a sense of dread every time the mail arrives? It’s time to take control of your financial situation again with a consolidation loan from Find A Loan SA.
The Consequences of Spiralling Debt
Paying your debts can seem easy at first, but a change in your situation can have a catastrophic effect. Jobs change, hours are reduced. You may be unfortunate enough to lose your job altogether. Unexpected expenses come up. All of this can lead to debts that you’re merely servicing, rather than managing. Even minimum payments themselves can be hard to find, when you have a whole host of them to find every month. Before long, you can reach a point where the minimum payments are missed, or a debt is defaulted on. A consolidation loan can help you, before you reach the point of no return.
What Happens When You Miss a Payment?
Missing a payment is bad news for your credit score, and that’s bad news for your life as a whole. Every time you miss a payment, or maybe even default on a loan altogether, it lowers your credit rating. Before you know it, you could end up on a credit blacklist. Once you’re on a blacklist, you’ll find it very difficult to obtain any credit. Just think what that could mean: no finance for a new car, no cash to put towards a family holiday, no prospect of a mortgage in the future. A debt consolidation loan can help you say goodbye to ‘no’, and hello to ‘yes’.
How a Debt Consolidation Loan Can Be the Best Move You Ever Make
A debt consolidation loan helps you pay off all your existing debt, and start again with a clean sheet. Because you’ll only have one product to pay, it’s easy to remember. That means there’s less chance of forgetting, or getting mixed up, and missing a payment. It also means that you won’t be running up unnecessary interest on your debts, and can therefore reduce the overall amount that you pay. Isn’t it time for you to pack all your debts into one consolidation line? We make it as easy as possible, simply fill in a form on our website and we’ll do the rest. You can apply for a loan, even if you’ve had financial problems before, or are on a credit blacklist. Transform your life, and contact Find A Loan SA today