Are you having trouble keeping up with paying off several credit cards, store cards and perhaps other loan facilities? Have finances caught you unawares? Are you contemplating a life without credit cards? Does bankruptcy seem the only available option? Consider the option of debt consolidation. We are here to find a way out of your financial difficulties and help you to manage your debt within your means.

We may be able to provide you with a loan to consolidate your debts, lower your monthly repayments and improve your credit rating.

What is a Debt Consolidation Loan?

Debt Consolidation means to consolidate (or bring together) all existing debts and pay them back through one monthly instalment. The loan that you get for this purpose is called a debt consolidation loan and this can be obtained at a lower interest rate compared to the collective interest of your existing loans. The loan is set with a fixed interest rate and term giving you a clear timeframe and goal to finalise the debt.

In time, an up to date, debt consolidation loan, will restore your credit rating for future financial arrangements.

Your AMC representative will work through your existing commitments and then advise you on the best possible option for you to consolidate your debt.

Refinance

Just as with home finance it is possible to refinance other types of loans. You may have been paying of a car loan for a couple of years and your circumstance has significantly changed since taking out the loan. The current available rates may have dropped or you now qualify with a financier offering lower rates. In many cases refinancing may save you money.

Again, your AMC representative will look at your current situation and given the available products in the current market, advice you of your options to refinance.