One loan to consolidate all your debts.
Are you burdened with debt? Are your credit cards maxed out? No worries! Debt consolidation is there for you. And of course, we’re there too.
WHY CHOOSE CASH DEPOT?
To submit your online application in the blink of an eye, from the comfort of your home.
To do business exclusively with credit companies that hold a licence from the Office of Consumer Protection.
What is debt consolidation?
Debt consolidation is an alternative to personal bankruptcy. It lets you reduce your debts without affecting your credit report. It involves using a single loan to pay off multiple unsecured debts.
What is the purpose of debt consolidation
Debt consolidation is a solution to unpaid credit card balances, overdue bills, and other payments that you are unable to settle. It offers you a loan to pay all these bills and leaves you with a single monthly payment. It is ideal for anyone who wants flexibility in planning their finances.
The benefits of debt consolidation
- Reduction of various monthly payments
- A single monthly payment to consider
- Faster and simpler debt repayment
- Eligibility for lower interest rates
The responsible practices of debt consolidation
Cash Depot takes the borrower’s financial situation into account to determine the appropriate practice. In the event of an outstanding loan, repayment agreements are made. If all collection attempts fail, a third-party agency takes care of the collection process. All legal fees are assumed by the borrower. Uncollected debts will be subject to legal proceedings according to the applicable law.