This may be something to consider if you are:
• Managing multiple debt repayments and struggling to keep track of what is due and when. • Getting into a credit trap where all your spare income is used to pay interest, but you don’t have enough left over to reduce your debt balances. • You’re paying a very high interest rate on your debts-- perhaps you have credit card or cash advance debts, or store credit purchases. |
One loan repayment is a lot easier to manage and more convenient than juggling several different repayments. |