At least 5% of approved applicants qualified for this rate based on data from 03/01/17 to 06/30/17.
The interest rate is fixed for the life of the loan.
Amongst many other debt solutions, Debt Busters can help you with debt consolidation in South Africa.
With debt consolidation, you add all of your debt into a single account, rather than paying off many accounts at a time.
Before you apply, we encourage you to carefully consider whether consolidating your existing debt is the right choice for you.
Consolidating multiple debts means you’ll have a single monthly payment, but it may not reduce or pay your debt off sooner.
Debt Busters will be able to advise on the suitability of debt consolidation to your specific financial situation, as there are instances where it would prove unsuitable.
Our consultants will be able to help you with regards to secured and unsecured debt consolidation, and advise as to which would be most favourable to your outstanding debts.
Another important feature of consolidating bills is that it helps your credit record.
As you accumulate more and more debt, you damage your credit record.
This is great for those who need a more manageable solution to making debt payments, as it can lower the amount of interest you have to pay or allow you to obtain a fixed interest rate.