I would like to do a debit consolidation
Bad credit score with multiple debts
I am writing to apply for a debt consolidation loan to restructure my current short-term and high-interest credit obligations into a single, affordable repayment. My income is stable at approximately R20, – R21, net per month, however I am currently experiencing cash-flow pressure due to multiple short-term loans with high monthly instalments. I am not seeking additional credit for new spending, but rather to settle existing obligations and stabilise my finances. The loans I am requesting to consolidate are the following: Prime Loans Technology Lendplus Technology Mpowa Finance Fatsa Capfin SA Unifi (Account 1) Unifi (Account 2) Direct Personal Loans These accounts collectively place a heavy monthly burden, and consolidation would allow me to honour my commitments responsibly under one structured repayment. I am not applying for debt review, and I remain committed to meeting my obligations in full. My intention is to improve affordability, reduce risk, and maintain a good repayment record going forward.
Right now I’m financially stretched and trying to stop things from getting worse. I have multiple active loans (over R15, total), with at least one account in arrears, and my credit profile isn’t good. My income isn’t covering everything comfortably. I’ve been looking into taking a R20k–R30k loan to consolidate everything into one payment so I can manage it better.
I am currently under debt review; my total debt is +_ R 30 . i want to apply for a consolidation loan of R50 to pay all my debt and have a little bit to put me in a situation where i don't live from payday to payday and to clear my name I have a fixed salary earning nett R26K and if this can be re-payed in 36 months i can sleep better at night
I struggle to get loans because i have been working for a year and 3 months now and i haven't opened any accounts yet which makes my credit score low. I wish i could qualify because i do get paid R per month at my job and also receive R per month from my business. I need some payments to be made and month end is still far away i wish i could get your help
I bought this bike from someone with an high price then they took the bike back give me something a bit cheaper and then I arrange to the guy I swapped the bike for a car I give the car back to him but he still makes me to pay for the two bikes and I can't afford to pay that money every month so I'm wondering if there's any way that you can help me so we can try to solve this issue that's why I needed attorney or a lawyer that can assist me
i owe TFG almost 7 thousand rand , it's affecting my credit record as I'm trying to also apply for a home loan . The reason i couldnt pay tfg was because i was not working at the time . However when i started i was unable to make payments to them due to personal circumstances and living situations . But things are all better now , i just need to sort out this debt , i am trying .
Having now reviewed my own credit profile in detail, I am struggling to understand how my overall credit profile reflects an unacceptable lending risk, and I would appreciate the opportunity for my application to be assessed beyond an automated credit score. For context, my credit profile reflects the following: I have been permanently employed with my current employer for more than two years, I also have sideline work that generate more income than my permanent job does My net monthly income is approximately R. I have no missed payments on any of my credit accounts. I have no arrears. I have no judgments. I have no defaults. I am not under debt review. My accounts are reported as being in good standing. I am not looking for more debt i need a debt loan to comfortably pay my current payday loans
For context, my credit profile reflects the following: I have been permanently employed with my current employer for more than two years, I also have sideline work that generate more income than my permanent job does My net monthly income is approximately R - R combined I have no missed payments on any of my credit accounts. I have no arrears. I have no judgments. I have no defaults. I am not under debt review. My accounts are reported as being in good standing. I fully acknowledge that I currently have several active short-term loans. However, I believe it is important to explain how this situation arose. When I initially required finance, I approached mainstream financial institutions but was declined because I had little or no established credit history. As a result, the only institutions willing to assist me were providers of short-term payday loans. Unfortunately, this has created a situation where the very products that were available to me now appear to be preventing me from accessing the type of finance that would actually improve my financial position. My intention is not to increase my indebtedness or obtain additional disposable income. My objective is to consolidate several expensive short-term loans into a single, affordable personal loan with a lower interest rate and one manageable monthly repayment. Ironically, the existence of these short-term loans—despite every payment being made on time—appears to be interpreted as a higher credit risk, even though my repayment history demonstrates that I meet every financial obligation.
