DEBT CONSOLIDATION:Debt Consolidation is the process of consolidating all of your debts like credit cards, store cards, personal loans etc into one manageable loan.
A debt consolidation loan is similar to a personal loan as they are usually unsecured loans.
Firstly apply for a debt consolidation loan-
Approach a reputable financial institution or finance company.
Shop around for the lowest interest rate with the best terms.
WARNING: you need to be able to service loan repayments on time.
If you can't repay on time. STOP.
Consider Debt Agreement or Personal Insolvency Agreement:
In effect consolidating unsecured debts.
Instead of you paying your creditors individually you would make a regular payment to a debt agreement administrator or trustee. They distribute that money ( less a fee) to your creditors by paying your individual creditors separately.
Remember you must first qualify for these arrangements.
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