If you do feel that you want to look in the debt consolidation option from Capitec, be sure to contact them directly via their website or give them a call on their customer care line, provided on the website.
We are going to be focusing more on debt consolidation in the coming months, due to the high number of enquiries, so be sure to check back soon.
We are going to be looking at Capitec debt consolidation loans in closer detail today and we have been receiving a lot of enquiries related to this service, so we decided to give people a broader overview of the loans that they offer.
Capitec is one of the newest banks in South Africa and they have made phenomenal growth over the last couple years.
Some financial management companies will charge for this call... STEP 2 We review all your information and figure out how to save you as much money as possible.
The bulk of the consumer debt, especially that with a high interest, is repaid by a new loan.The principal reason is you will have a new inquiry and huge installment loan appear on your credit report, even though you also will have much lower debt-to-credit ratios on your credit cards.The potential underwriting risk that you present to a new lender is measured in conjunction with your credit score and will now have to incorporate that you have the chance to begin adding to your credit card balances again.However, such consolidation loans have costs: fees, interest, and "points" where one point equals to one percent of the amount borrowed.In some countries, these loans may provide certain tax advantages.