How do you know when it is time to restructure your vehicle finance in Gauteng? Here is the first clue; you have more money going out in expenses each month than you have coming in. Additional clues might include calls from debt collectors, sleepless nights and applying for a second job since you can’t sleep anyway.
When you restructure your vehicle finance, you may end up with additional money each month that you can use to pay other debts. If debt collectors are calling then your good credit rating is at risk. It is time to refinance before that happens. Protecting your credit rating is crucial so before your creditors ruin it, find a way to stay current or pay off your credit cards.
Your Credit Rating May Benefit from Vehicle Finance Restructure
For many South Africans, vehicle refinance is a positive way of restructuring your debt. You may owe monthly payments to credit card companies or store cards and you’ve never had problems keeping them up to date. Lately, with the cost of normal living expenses skyrocketing you realise that you have less and less each month to pay toward debt. It seems sudden, but your usual timely payments are slipping a little. You want to resolve this monthly shortfall as quickly as possible. Take the balance, if there is one, that is still owed on your car and refinance that amount over a couple of more years. That will lower your monthly payment for the car. The difference in payment amounts may surprise you and you’ll have a bit more disposable income each month.
Vehicle Refinance in Gauteng is the Solution
You want creditors hunting you down or your credit score to suffer. However, not having enough money to enjoy some fun each is depressing as well. So maybe this is a good time to refinance your vehicle and give yourself some breathing room.
You can pre-qualify for vehicle refinance on Carfin’s website. Go over to www.carfin.co.za and find the online application page. All the tools and information you need are there in one place. It is all very convenient.
However, if you prefer that personal touch, call and speak directly with a refinance counsellor on the phone or in person and let Carfin lead the way in a solution for your vehicle refinance in Gauteng and all of South Africa.