quick debt consolidation loans
note: this debt consolidation article and this website have no affiliation to quick, we are purely providing our opinions on their products and services.
debt consolidation with quick
quick debt consolidation loans involves transferring high-interest balances to an account usually a credit card with a 0% introductory interest rate. quick has a good selection of cards available to customers who meet minimum criteria. credit cards such as the quick greenbacks card have a 55-day grace period of no interest charged on top of the principle balance. transferring existing debts from other credit cards to this new card account is a viable option, but it does come with a definite caveat to avoid even more interest charges.
overview of quick
this financial institution offers banking options for all types of customers, from basic individual accounts to business loans. customers who run into financial difficulties also have several resources available at quick to help them begin repaying their debts and better manage their expenses. some of the most common debt causes include high credit card balances, unpaid personal loans, unmanageable student loan payments and habits of excessive spending.
quick employs experienced financial consultants who are able to help customers at all life stages, whether single and just starting out or married and more established as home-owners. each financial planner is able to examine each individual’s situation and make custom recommendations for possible debt consolidation options. the first steps to better financial health are acknowledging current problems and making committed plans to change current spending, saving and repayment practices.
available financial management tools
quick debt consolidation is one of the most common alternatives to filing for sequestration, bankruptcy or similar debt management practices. quick customers are initially advised not to take on any more consumer debt without a financial planning consult. the next measures customers can take on their own are cutting up credit cards, making personal budgets and cutting out spending on non-essential items.
based on financial day-to-day needs, a quick consultant can help each client make a detailed plan for paying down debts in the order of the highest interest rates. this plan is also known as a cash-flow analysis, and it’s a vital tool in recognizing areas of personal money management to be improved in order to facilitate debt repayment.
credit card debt consolidation
quick debt consolidation for credit card debt with a balance transfer is a viable option with the proper planning. quick cardholders need to be certain they are able to budget the funds for this plan of debt consolidation. they need to be able to free up the funds from their existing income and household budgets to completely pay off the consolidated principle before the expiry date. quick’s balance transfer option carries an interest rate of 11.9% that remains fixed for the initial 12 months of opening the card account. the quick classic card is the most flexible for this type of debt consolidation, and it also has the same 55-day interest-free grace period as the greenbacks card.
quick’s customers who are able to plan for this debt consolidation option don’t need to be current quick credit card holders. after outlining their repayment budget with a financial consultant, they can then get started by filling out an online application form and selecting the “balance transfer” checkbox. minimum eligibility criteria include at least r 36.000.00 in annual income and having reached the age of 18. in cases of debt consolidation balance transfers, past bank account statuses are reviewed on a case-by-case basis.
quick credit card debt consolidation also comes with a flexible repayment period for customers whose budgets may not reasonably allow for interest-free repayment in 55 days. customers can stretch out their consolidated repayments for as long as 36 months at a current interest rate of 13.4%. provided this rate is still lower than previous credit card rates, individuals can still save money while working to pay off their existing debts.
quick’s six-step debt consolidation
smart financial planning is a top priority for quick, and the bank’s debt consolidation consultants are excellent resources of information about better methods of borrowing, saving and budgeting. they can help each customer become more informed about the national credit act and how it may apply to individual situations. advisors can also outline viable options for those whose debts initially seem unmanageable. each consultant adjusts the quick six-step plan for financial planning to each client’s circumstances, including:
- current income and asset evaluation
- defining personal financial goals
- measures of debt-to-income ratios
- repayment plan options
- budgeting for debt consolidation
- adapting debt repayment plans for changing life situations
quick has the advantage of financial expertise and flexible debt consolidation plans for each customer wanting to improve his or her money situation. once each borrower is able to repay outstanding debts, the bank can be a continued source of useful information about avoiding future excessive balances owed on credit cards. prospective debt consolidation clients can contact quick by phone or email.
quick offers a range of flexible home loan solutions designed to help you afford the home you ve always dreamt about.
thanks to quick s competitive home loan interest rates and the ability to tailor mortgage loans to suit the individual homebuyer s needs, you could be a whole lot closer to owning a home than you think!
whether you are a first-time homebuyer or a homeowner seeking to get approval for a second home loan, quick has a financial solution that s right for you.
features and benefits
minimum loan r 70,000
maximum repayment to income: 30%
term: up to 360 months
loan to property value: up to 108%
interest rate: fixed or variable interest rate. you may apply for a rate concession once the loan to value falls below 100%.there are two product options:
costs capitalised: you can register a quick debt consolidation loans | quick debt consolidation of up to 108% to cover your start-up costs. the additional 8% will cover the tariff fee, registration costs and transfer duty as well as a guaranteed cash-back, which varies according to the size of your loan.
a readvance is available once your loan to value falls below 100%, usually this is only after about 5 years.
nedrevolve provides you with flexibility and control to manage your finances more effectively and is an ideal vehicle to accumulate tax-free savings.
further loan without registration (readvance) gives you access to the capital amount already paid off up to the original loan amount without having to register a new home loan.
further loan with registration allows you to register a second home loan to extend or improve your present home.
quick accelerated payments enables you to pay off your home loan sooner than the term stipulated in your home loan agreement.
archived products no longer in service.