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Consolidation Loans

Consolidation Loans
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How Consolidation Loans Work

Designed to ease the strain facing consumers with debt repayments that are getting out of hand, Debt Consolidation Loans through Seedy Loans are regulated by South Africa’s National Credit Regulator (NCR). The first step is to ensure you’re able to afford the new loan amount every month, a process that is mirrored in any loan being acquired. Once you are approved for a Debt Consolidation Loan, all outstanding amounts that you owe will then be settled with your various creditors, and then the collective amount owed will form the basis for the amount you’ll pay back each month, as one more affordable monthly instalment.

The goal with your Debt Consolidation loan is that you should be able to pay it back more easily, as it is aligned with your budget and affordability. Although the repayment period might be longer, it is worth it considering that you won’t face the risks associated with balancing multiple, unmanageable monthly instalments. Find out today if Speedy Loans can assist you with a Debt Consolidation loan.

Please note that all our lenders are registered with the National Credit Regulator (NCR).