Third-party debt consolidators

Nepstar86

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Jul 3, 2019
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Hello

I need advice on applying for debt consolidation...I was approached a company called "iMaliSave" and they offered to cut both my car and credit card instalment in half. The offer really sounds too good to be true. I'm just not sure how third-party debt consolidation companies are regulated, and I can't find much reviews on the aforementioned company. I only found one review and it wasn’t a good one, resulting in the repossession of a client's vehicle. A friend of suggested that I get debt consolidation through a bank as opposed to a third-party. May you please advise how one can best go about debt consolidation.

Regards
 
Doing that through whomever/whatever will put you under debt review, which will mean no new debt until your current debt is cleared.


Lowering what you pay per month will extend your loan period....
 
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