Debt Consolidation - Debt Solutions | Meerkat
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  • Struggling with debts?

  • Need help?

  • What are my options?

What is debt consolidation?

Debt consolidation is a type of refinancing. You take out a loan from the debt consolidation company to pay off all your debts. This process is for people who are struggling to make their monthly loan repayments. The loan is taken out, and the person in debt then pays off one larger loan amount to the debt consolidation company, often over a much longer term.


If you are struggling with debt repayments and fall into arrears it is unlikely you will qualify for a debt consolidation loan. If you do qualify, the loan is usually offered at a high interest rate.  You cannot be overindebted at the time of application

A better option?

As mentioned above, debt consolidation can be an expensive option. You may also find you take on additional debt whilst paying of the consolidation loan. This just compounds the debt problem. A better option for you may be debt counselling. We will take all your debt, add it up and breaks it down into affordable, reduced monthly repayments. We also lower the interest rates so that you can pay less. Once all repayments are made you are issued a clearance certificate and declared debt-free. Creditors are also not allowed to hassle you while you are under our process. You can refer all calls to us.

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