Put simply, Debt Consolidation means taking out one loan to pay off your existing
Some Benefits of Consolidating your Debts are:
CFS Finance may be able to find you a loan with a lower interest rate and one that
may have better terms. If you are a home owner and have a mortgage, you may be eligible
to take out a home equity loan. A home equity loan will provide a lower rate of
interest that will reduce your repayments and ease the stress on your current budget.
Short term your loan:
With a consolidation loan having a lower interest rate, you could continue to pay
the same amount that you currently pay and find you will pay your loan in full over
a shorter term.
With only paying off one loan you no longer need to juggle multiple payments in your
You may find yourself in a position where you have several loans, such as a car loan,
personal loan and a credit card debt. With this type of personal debt, you may be
paying a lot more interest over the term in which your loans run. It is definitely
worthwhile looking at your options to see if you could save yourself not only time
off the term of your loans, but save valuable amounts of money in interest. You may
find that the loans you have which were once competitive may not be anymore. With
the ever changing marketplace interest rates change and different types of loans
are always being developed. There may be a smarter solution for your current loan
To view a simple example of Debt Consolidation click here
If you would like any more information on debt consolidation and how it could benefit
you, simply fill out our online enquiry form and one of our helpful staff will be
in contact soon.