Getting a credit card with one of the big 5 banks in South Africa is both easy and seamless. Paying off that credit card debt can be a bit more of a hassle to than actually acquiring it! We all are feeling the pinch with our economy being so suppressed and out Rand weak, and we need a credit card to help out with those unexpected events where we need money.
Actually paying off all your credit card debt, keeping the credit in tact and maintaining the credit card is difficult as South Africans are both getting used to easy credit to begin with, credit card being a deb trap (revolving credit) and increasing their credit card limit when in a pinch. Free your life by consolidating your credit card debt!
With credit card limits able to go over R 100 000, at times being able to actually make the monthly payments on that can be overwhelming and you may need to consolidate your credit card debt on order to pay it off without dipping back into the card again and re-using the monthly revolving credit.
Debt consolidation is able to help with credit card debt, whereby your credit card debt is paid off completely and you only pay the debt consolidation loan that you take out. “But why would I get another loan when I’m already in debt with my overdrawn credit card?”, you may ask? Well, by taking out a debt consolidation loan, you will most likely get a repayment plan that will be lower than the more than 20% that credit cards often have. And, after paying the credit card debt and taking out a loan you will actually manage to close the credit card completely without losing the benefits of a clean credit record.
You’re also able to add your other debts, e.g., clothing accounts, into your debt consolidation loan and close that one, too!
Apply for a debt consolidation loan and clear that debt that holds you back from so much more in life!
Struggling to find debt consolidation loans in Port Elizabeth? The Friendly city not so friendly towards your dream of consolidating your debt? Apply here online for debt consolidation and get help with your debt from anywhere in the country. How will debt consolidation help you? Debt consolidation will help you pay those high interest debts by getting you one loan with much lower and longer term loan.
So, even if you are in P.E. you can get help lowering payments on:
Debt consolidation loans can also help you get lower your risk on getting a bad credit record by paying off that loan you struggling to pay and already are late on.
You can get a secured debt consolidation loan or an unsecured debt consolidation loan, depending which one you are able to afford. Remember that you will have a debt consolidation loan is an actual loan so you will still have to be credit worthy to be approved for a debt consolidation loan.
If you do not qualify or are just too far with your debt, you can apply for debt help here, where you can apply for debt review and debt counselling.
Absa Bank is running a promotion where you can get an Absa debt consolidation loan with them by consolidating your debt onto your Absa credit card. You could qualify to pay an interest rate of only 8,8% for the first 8 months with your Absa consolidation. The offer will end 30 June 2013, and as usual please read through and understand their terms and conditions for taking their consolidation loan.
If you don’t have a credit card with Absa, you can still apply for the credit card to enjoy this debt consolidation loan, but you will be charged an initiation fee and monthly service fee. Find out more about this promotion by going to http://www.absa.co.za/Absacoza/Offers/Promotions/Balance-Transfer or by calling 0861 46 22 73.
There are other ways to get Absa debt consolidation. Absa Bank is considered to be one of the four big banks in South Africa, and just like the other banks you can get an Absa debt consolidation loan through their Absa Further Advance product.