Who needs debt consolidation?

Debt consolidation is a debt management system designed to assist individuals handling too much debt with paying all of their debts. It’s ideal for over-indebted individuals and simplifies debt repayments.

The main benefit offered by debt consolidation is that it makes it easy to bundle various loans into one amount which can be paid monthly.

Taking out a cash loan to help consolidate your debts may be a good way to stay on the right track to debt recovery. Keeping track of repayments also becomes simplified because you only have to remember to pay one instalment every month. Through debt consolidation, repayment of your debt becomes a lot more affordable.
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Having access to credit does not have to be regarded as something negative. While many people do occasionally struggle to repay debts, this isn’t always the case. With the amendment of the National Credit Act

With over 22 million credit-active consumers in South Africa, the credit industry is large and continually growing. As a measure of protecting consumers and also ensuring fair credit practices, the National Credit Act was put into place.
In South Africa, consumer rights are protected by the National Credit Act.

When the National Credit Act was promulgated in 2007, it gave birth to the profession of debt counselling. Debt counselling essentially has the wellbeing of the consumer at heart. To qualify for debt counselling, you need to be over-indebted as defined by the National Credit Act (NCA).
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About student Loans for blacklisted

Instant Blacklisted Loans is a provider of loans to individuals earning a salary as well as those who are self-employed. If you are a student you can rely on the student loans offered by Instant Blacklisted Loans to help finance your tuition, which can easily run into tens of thousands of rands.

The lender provides instant loans to individuals who can afford to make repayments comfortably without too much strain on their monthly budgets. During the application process an affordability assessment will indicate whether individuals are likely to be approved or not.
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Access multiple loans through 5 min loans South Africa

In a world where consumers have limitless options in terms of financial institutions and financial products and services, having access to personal loans can be quite beneficial.

About 5 min loan South Africa
5 min loans South Africa are authorised loan brokers who work with South Africa’s top credit providers. The institution assists clients nationwide, 24/7. The service is also free to use. Continue reading →

Leading loan-finding services from Credit Shop

When unexpected expenses arise, more people are turning to personal loans to get through the month.

The good news is that people now have more options available. Traditional lending institutions are no longer the only source of credit that people can rely on for their extra finance needs. More micro lenders are available in the financial industry in South Africa.

About Credit Shop

Credit Shop is a leading loan-finding service that has partnered with 2 big banks, 2 micro lenders and 2 payday lenders in an effort to provide easily accessible and affordable loan solutions.
Operated by Money Shop and Olico (Pty) Ltd, Credit Shop provides access to various loan solutions.
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Access loans for blacklisted individuals through Dryk Financial Services

Having access to credit can offer a convenient solution to finance in cases of emergency. It can also make it easier to buy big-ticket items, with the added benefit of being able to repay it over a number of months.

If you have been blacklisted, then the chances that a credit provider will extend you further credit are highly unlikely. The term “blacklisted” is quite general. It could be related to having an account in arrears or possibly having a judgement against you.

Even if you settle your outstanding debts, your credit profile remains tainted with the blacklisting. Credit providers will be aware that you may be listed as a slow payer or that you have missed payments or have failed to repay a debt. This makes you a high risk client and you may be charged higher interest rates as a result.
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