Consolidating debt with fnb
At least this way, you are fighting the fight with me and helping me realize there IS A WAY OUT of this.Dear Maggie, I spoke to Annaline and she was of great help just like you.
Instead of having lots of little debts; such as store cards, credit cards, short-term loans and overdrafts, debt consolidation wraps all of those smaller debts into one bigger loan.
Check out the official government site for all the details on eligibility.
If you're consolidating with a private lender, consolidating your loans means combining and refinancing your loans into one new private loan.
Disclaimer Section 86 of the national credit act 34 of 2005 entitles an over-indebted consumer to apply at a registered debt counsellor to be placed under debt review, which is a government created managed service, called D.
The consumer's rights are strictly protected in terms of the provisions of the act and the consumer is entitled to a monthly reduction in debt obligations in order to ensure that essential living costs can be afforded by the consumer.