What is the difference between debt review and debt consolidation? | Cape Town's Best Debt Counsellors | Meerkat

What is the difference between debt review and debt consolidation?

Home » Blog » What is the difference between debt review and debt consolidation?

Debt review involves the restructuring of all your debt repayments into one affordable monthly repayment by extending the terms of your credit agreements and decreasing interest rates, whereas consolidation entails taking out one large loan to settle all debts and only paying back one loan. Consolidation loans require that you are not over-indebted at the time of application.