Surviving in today’s financial climate may seem like the biggest obstacle, but your credit score can help you to navigate your financial choices. Depending on your financial position and credit score, there are ways to improve your financial situation and survive the crunch. Here are three solutions for you to consider:

 

1. Debt Consolidation

If you have a low credit score or you need to free up some much-needed cash, debt counselling services could be the answer. A debt counsellor will be able to help you make debt repayments by reviewing your finances to develop a suitable monthly budget. They will then curate a structured debt repayment plan and negotiate with credit providers on your behalf. This will help you gain financial stability and settle your short and long-term debt. Some additional benefits to debt counselling are:

• It relieves you from having creditors asking you for money.
• It prevents you from having to declare bankruptcy.
• It decreases summonses and judgments against you.
• You will become educated on your financial rights and will learn how to handle your finances better.

We can attest to the fact that debt consolidation has improved the lives of many of our clients. Debt counselling has helped save South Africans thousands of Rands and prevented them from being blacklisted, losing their assets, and, in cases where money has been lent recklessly, saved multiple homes and vehicles from being repossessed. If you would like a debt consolidation quote click this link:  https://portal.kudough.co.za/DebtCounselling.aspx.

 

2. Get personal coaching

If you have a decent credit score, but would like to improve it, we suggest you speak to a personal credit coach when you upgrade to our premium package. Our premium package, for just R125 per month, offers our financial wellness program. This program includes personal coaching and improvement goals, monthly reports from all four leading credit bureaus, as well as access to all our financial tools, benefits, and savings.

 

3. Use a great score to get the credit you need to get ahead

If you have a good credit score you will have access to more credit options at lower rates. Log into your Kudough account and check what credit and loan options you have. The range of credit options can be used towards education, home improvements, or starting that business you’ve always dreamed of.

 

The Takeaway

No matter your financial position or credit score, you have options to help you survive the crunch. At Kudough, we offer a range of financial options and solutions to save and improve your credit score to help you improve your financial situation. Feel free to contact us at info@kudough.co.za or 086 999 0952 if you have any burning questions or queries. If you would like to find out what your credit score is, follow this link: https://kudough.co.za/

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