Why should I Consolidate my debt?
It sounds contradictory, doesn’t it? Paying off debt with essentially, more debt. But hold that thought! There are two main reasons why you might want to consider this:
You can cut costs by saving on interest.
High-interest rates are one of the top reasons why people find it hard to settle their monthly repayments. By consolidating their debt, the interest rate is generally lowered, reducing the overall amount of the monthly repayments. However, make sure to do your calculations right to ensure you really will be saving money.
It’s an easier way to manage all your debt.
With so many different debts, each with different interest rates and deadlines, it can be tough to keep track of all of them and make sure you’re paying them all on time. Debt consolidation combines all your different debts into one, helping you manage them easier.
Get in touch for consulting or advising to all of your questions.