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Consolidation Loans | Multiple Debts
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Consumer Assist negotiates consolidation loans

Consumer Assist is at the service of over-indebted consumers. We can negotiate debt plans that include consolidation loans with consumers’ creditors to put them back on the path to become debt-free and financially healthy again. Consolidation loans help the consumer to regain control of their finances.

The reason for this is that multiple smaller debts are usually responsible for a consumer becoming over-indebted. Multiple small debts attract the high individual interest rates usually associated with relatively low repayment amounts. Each outstanding debt also carries its own penalties and transaction fees, all mounting until they have become an often unmanageable burden at the end of each month.

Consolidation loans consolidate all the multiple debts into one large loan with a significantly lower interest rate. In addition, banks and creditors may agree to an even lower interest rate for consumers who are under debt counselling, further reducing interest payments. Another option available to the debt counsellor is to negotiate with creditors and banks to extend the repayment period of the consolidation loan, to further reduce the total monthly repayment amount. Once the consumer is under debt counselling and once a sound consolidation loan has been put in place, he can start paying off his debts and still retain sufficient cash flow to meet his monthly living costs. It may take several years to get out of debt, but now the consumer will have an attainable goal.

Consumer Assist negotiates consolidation loans on behalf of consumers. Contact us today and start on the path back to being debt-free and towards a sound credit record.

Bank Loans | National Credit Act
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Repay your bank loans with Consumer Assist

Consumer Assist does exactly what our name implies. We assist consumers with the management and repayment of their debts, like store accounts and bank loans. The debt counselling process came into being as part of the provisions made by the National Credit Act (NCA) and was meant as protection for consumers. Previously, reckless lenders could lend money to consumers who could not really afford the credit and then use any means allowable by law to collect those debts.

However, the NCA has put in place strict lending criteria. Finance institutions can be heavily fined for extending reckless credit and over-indebted consumers may obtain help far more easily. A Consumer Assist debt counsellor may take charge or a consumer’s debt situation and the consumer is protected from legal action for a minimum of two months while a debt counselling procedure is in process. This affords the consumer an opportunity to restructure his multiple debts, which may consist of car repayments, the mortgage, bank loans, store accounts and often many more.

A debt counsellor may arrange that the consumer’s multiple debts are consolidated into one bigger loan with a much lower interest rate. The new loan may be structured at an interest rate and repayment period that will enable the consumer to manage the monthly repayments much more easily, while still having sufficient cash flow to meet his monthly living costs. The consumer may be out of debt within a few years, but Consumer Assist also suggests consumers attend their financial fitness training course to stay financially healthy in future.

Contact Consumer Assist today with help to gain your financial independence again and break free from the prohibitive costs of servicing your bank loans and excessive debts.