Debt consolidation: Benefit or disadvantage?

Friday, December 06, 2019

Coming together: Weighing the pros and cons PIC: THEWOWSTYLE.COM

As Botswana’s personal debt crisis grows around us, more and more of us are looking for education on how to manage our debts, and how to get some relief from the financial pressure and stress caused by our debts.

It would be wonderful if there was a quick fix, a simple and cheap method we could buy that would, in a blink of an eye, resolve the problem. Is debt consolidation that solution?

Most of us also know that getting into severe debt didn’t happen overnight. We got ourselves deeper and deeper into trouble over an extended period. Knowing this, we cannot expect “The Solution” to be a quick one.

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