Are you out of breath about your loan repayment?
Debt consolidation is a sensible solution for consumers overwhelmed by credit card debt, personal loan, car loan & etc. It transfer the high-interest debt to lower interest facility by mortgage your property. In short, consolidation cuts borrowing costs by lowering the interest rate on debts and reducing the monthly payments.
Benefit of Debt Consolidation:
1. Turn Multiple Payments into a Single Payment
2. Lower Interest Rates
3. Lower monthly repayment
4. Pay it Off Faster
5. Improve Your Credit Score/Debt Service Ratio (DSR) for getting new loan.
High-interest bank loans will eat up our wealth, and debt piling up is dangarous especially during bad time, we must be prepared for rainy day.