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What is a debt consolidation loan?
Duration: 01:01Views: 1.6KLikes: 103Date Created: Mar, 2022
Channel: Financial Bunny
Category: People & Blogs
Description: Example Clothing account - 23% owing R5000 Personal loan - 16% owing R15000 Credit card - 17% owing R10000 Overdraft - 23% owing R1000 Owe R31 000 - so you get a new loan for R31 000 and pay off the multiple loans. then you are left with one. Average 19.5% so make sure you get a new loan of an interest rate lower than 19.5%
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