Are you looking forward to consolidate your debt into one payment and would want to calculate your payments right now? You have come to the right place; My Financial Help has an online calculator that gives you an instant answer right away.
Many people often go through tough times all the times when their salaries are paid into their bank accounts when their debit orders reduce their money to nothing such that they are left with nothing to fend their families. At times, most people don’t earn enough salaries to cater for all their debts thus they miss some of the payments.
What should they do?
One should obtain a single account called a Consolidation One Account – a type of account that pays for all their debts each month. Having such an account assists them to manage their finances and budget better.
Worth noting is that having such a loan attracts high interest rates of up to 31% per annum and the consolidation calculator also enables for credit life insurance of R10 per thousand.
What are the benefits?
A consolidation loan obviously assists you to avoid paying for a pile of debts such that you don’t have the hassle of keeping on borrowing money to cater for your household needs in the event that all your salary has been chewed up by your debts.