Are you worried about losing your home or your car? Many people face a financial crisis at some point in their lives.
Are your accounts being turned over to debt collectors?
It is quite common for people with student loans to deal with 10-12 lending institutions, which means 10-12 payments and 10-12 due dates each month.
The Direct Consolidation Loan program is the right choice if your goal is to simplify the process and keep your options open for the many repayment plans available for federal loans. Your rate is determined by the weighted average of the interest on the loans being consolidated rounded up to the nearest one-eighth of 1%.
You can find information about budgeting and money management techniques online, at your public library, and in bookstores.
Computer software programs can be useful tools for developing and maintaining a budget, balancing your checkbook, and creating plans to save money and pay down your debt.
Further cost for debt review will be absorbed from your first rescheduled debt repayment, once negotiations with your creditors are done, amounting to either up to R6000 of the first repayment or R6000 if it is a "Joint Application".
There is also a small monthly fee (to monitor your progress) of 5% (for the first 24 months) and thereafter 3% of your monthly repayments.