Dont take out a loan to pay off loan, consider debt review instead, approval is 100% guaranteed!!!
What is a Consolidation Loan and how does it work?
A Consolidation Loan is designed to package all your repayments to creditors in to one single reduced payment, so instead of paying several credit providers and credit accounts you simply just pay all of them with one loan. When consolidating debt, your accounts are reduced into one single monthly payment at a fixed interest rate. Your monthly repayment of the settled accounts will be lower than you are currently paying. Unfortunately if you are over indebted or you are already experiencing money problems getting a consolidation loan should be the last thing on your mind, because creditors will not consider approving you if you have bad credit, there are other consolidation options that struggling consumers can look at.
What is Debt review or Debt Counselling?
This is when a debt counselor goes through your financial obligations with creditors and decides that you are over-indebted, and helps you by negotiating on your behalf with your credit providers to put all your debts into one affordable monthly installments and lower your interest rates. It is a paid service, but the cost will be factored into your new monthly installments.
This method will extend your repayment plan, Your assets will be protected, and your dependents’ essential expenses will also be covered. This method will also teach you accountability, because if you miss even one of your newly reduced monthly payments, the agreements your debt counselor made with your creditors will fall away and you can face legal action again with creditors.
During this process you won’t have access to new credit, but at the end you will receive a clearance certificate that will require the credit bureau to remove any information about the debt review, and your previous unpaid debts, from your record.
HOW WE HELP YOU BECOME DEBT
We Are the industry experts – We are Debt Review & Debt Counsellors Experts in South Africa. Contact Nokofin For Instant Debt Relief. Get Professional Help From Our Experienced Debt Counsellors today!
We will Make It Affordable – Nokofin is an NCR Registered Debt Counselling Provider. Above all, we offer a more affordable way to restructure your debt into one lower installment. We will also stop Legal Actions & Repossessions against your name.
You will be protected throughout – Furthermore, we will helpyou in obtaining protection under the National Credit Act. We also negotiate with your Creditors on your behalf so that you will have sufficient funds available for monthly living expenses.
1 -WITH OUR IMPECCABLE TRACK RECORD, MOST OF OUR CUSTOMERS LEAVE DEBT FREE AND SATISFIED
2 -CONSOLIDATE YOUR MONTHLY INSTALLMENTS IN TO ONE AFFORDABLE PAYMENT
3-You are protected from legal action & your assets from repossession by credit providers.
4 - Free debt assessments by our highly experienced debt review consultants
About our services
We are specialists in: Cancellation of Debt Review - Debt Mediation - Debt counseling - debt settlement negotiations - Rescission of Magistrate Court Judgments - Rescission of High Court Judgments - Rescission of Administration Orders - Removal of trace alert listings - Removal of default listings - Updating of poor payment profile - trace alerts removal - credit score improvements - Early termination of debt counseling.
We are experts in: Credit Repair - National Credit Act(NCA) - National credit regulator(NCR) - Consumer Protection Act - administration - consumer rights - consumer law - consumer complaints