The Blue Consolidation Loan is a financial solution offered by Blue Financial Services. The institution operates in the robust South African financial market. With changes made to lending legislation in recent years, more South Africans have had access to personal loans.
Unfortunately not all of them are able to afford to repay them. Statistics say 60% of the credit active population in South Africa is drowning in debt. An estimated 5 million South Africans are battling with over-indebtedness.
This is where Blue Consolidation Loans become useful. With this option, if you are struggling to keep up with repayments you are able to merge your multiple debts into one single monthly payment.
Instead of having to pay various creditors and keeping up with their individual interest rates, with a consolidation loan you are able to make a single payment with a single interest rate. This rate can be negotiated to a lower figure, resulting in a lower instalment.
With Blue Consolidation Loans you are able to rely on this institution to make payments to your creditors on your behalf.
Simply SMS “blue” to 32545 and a consultant will call you back. Alternatively, call 011 781 6770 or 0860 00 25 83 and enquire about applying for Blue Consolidation Loans.
If you are over-indebted, debt consolidation may be an ideal solution for you. This way, you are assured that all your creditors are paid on time. This may help to improve your credit rating in the long run. An added benefit of debt consolidation is that you may have more cash available. With your repayments negotiated to a lower amount you may be left with some extra cash on a monthly basis.
If you qualify for Blue Consolidation Loans your responsibility will be towards this institution. You will need to ensure you have funds available for a monthly debit order to be facilitated.
Visit their website here: www.blue.co.za.