Many individuals nationwide are facing financial challenges that have forced them to rely on debt as a way out. We live in a complex financial world.
Repaying multiple debts can be stressful and confusing to manage, resulting in the borrower defaulting on payments. Many people resort to debt consolidation when they can’t manage their debt.
Poor decision-making may lead to individuals getting into debt. Getting out of debt may be an extremely difficult process. Debt consolidation can make this easier.
Advantages offered by consolidation loans:
- You get access to enough money to pay off your debt.
- You only have one monthly payment to make (potentially at a lower interest rate).
- You can be financially stable faster
- There aren’t negative consequences on your credit rating
- Paying off a single amount every month makes it easier for you to manage your finances.
- By consolidating your debt, you won’t have to deal with threats from creditors.
Can you get Finchoice consolidation loans?
Finchoice was born out of the HomeChoice legacy of quality, value and service. This financial services provider caters to the financial needs of clients with good credit. With a mission to be the most trusted and flexible financial partner, enabling easy access to affordable products, Finchoice is driven by excellence, teamwork, integrity and motivation.
The institution aims to provide credit solutions to help alleviate financial problems.
While there are no specific Finchoice consolidation loans, there are financial solutions available, including:
Kwik Advance from R100 to R2000 maximum.
Flexi Loans repayable over a 6 month period.
12 or 24 month Loans offering up to R26 000 in finance.
What do I need to qualify?
- Have a valid South African I.D.
- Have South African citizenship
- Have an active bank account
Falling behind on payments means that individuals face the risk of becoming blacklisted. Debt consolidation is a solution that can be handy for helping struggling individuals.
Apply for a Finchoice loan and use it to consolidate your debt.