Consolidating debt with fnb
Bank Windhoek's executive officer: credit, Anton Smit, has this advice: “With debt consolidation you are only extending the problem, because you think you solve the debt problem, but in reality the debt remains, as do the habits and behaviour that caused it. You cannot get out of a hole by digging out the bottom.” Having debt is not the problem; it is the symptom that is at issue.
Debt is the symptom of overspending and under-saving.
The way to get out of debt is by changing bad financial habits.
And the habits that landed you in debt probably haven’t disappeared either.
That is as a result of not having a plan to either pay cash or not buy at all.