Debt Consolidation Loans

At Credit Made Simple, you can consolidate all your various debts into one loan, clearing all outstanding loans and balances, be it credit card balances, home loans, or personal loans.

Debt Consolidation Loans

No doubt, at some point in your financial life, you may have found yourself owing more than one creditor. You may have taken out a car loan, or personal unsecured loan, as well as having maxed out all your given credit cards.

All these debts may be due at the same time, affecting your ability to repay them, and failure to repay these loans when they are due will most certainly impact your credit scores.

However, they may be a way out of this situation, and debt consolidation loans offer a viable solution.  

At Credit Made Simple, you can consolidate all your various debts into one loan, clearing all outstanding loans and balances, be it credit card balances, home loans, or personal loans.

We can help you to find the best loan with the ideal interest rates to serve you in this situation.

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What Is Debt Consolidation?

Debt consolidation is the process of combining all your outstanding loans into one single loan. This process helps you to repay them as one monthly repayment attracting an individual interest rate. Also, consolidating your loans omits multiple annual fees, which may accumulate from different loan instruments.
Although debt consolidation may not instantly make you debt-free, they help you to manage your finances by cutting down on the number of creditors owing at any one time.

Enjoy One Interest Rate

Servicing loans with a single interest rate is more comfortable than servicing multiple loans to multiple lenders with varying interest rates and fees.
Keeping any interest rates owing to debt low is vital to prudent personal financial planning. With all loans combined, you at least know at a glance what you need to pay each month to keep yourself out of financial trouble. This way, you can quickly budget how to repay all your debt without any hassle as is the case with repaying multiple loans.

Save Money With A Debt Consolidation Loan

Combining all your loans into one ‘mega payment’ saves you significantly from high interests and fees. Often these loans have lower interest rates and more extended repayment periods than outstanding credit card balances, for example.

You only pay one fee and interest rate, which is an average of all the consolidated loans and balances. Savings, however small, eventually add up, leaving you more money to repay the outstanding debt or save for a rainy day.

Improve Your Credit Score With A Debt Consolidation Loan

As you know, credit scores are crucial in accessing your access to credit facilities.
If you do not know your current credit scores, our tool will help you to check it for free. Consolidating your loan ensures that you have a single loan and repayment instalment. This factor enables you to have regular repayments without ending up with defaults which improve your credit scores.

Easy Repayment Procedures

Debt consolidation loans focus all your debt repayments with one lender. This process makes it easy for you to negotiate an average, often lower, interest and to track your repayment history.
Debt consolidation is undoubtedly an excellent idea to deal with bad debt and improves your overall financial management. Instead of juggling multiple financial balls in the air, you’re freer when you know you’re answerable to one lender, leaving you more time to plan other aspects of your financial life.

Can We Help You With Debt Consolidation?

We certainly can! At Credit Made Simple, we specialize in debt consolidation loans should you want to consolidate any outstanding loans and balances. Credit Made Simple is here to help you find a good deal should you need to consolidate your debts.