Debt consolidation through refinancing can be a sensible solution if you are experiencing financial difficulty. It is often more manageable to pay one monthly payment at a reduced interest rather than numerous facilities at various rates.
When deciding whether to go ahead with this method of debt consolidation, you should be aware of the areas to check before proceeding:
Being a director of a company comes with certain privileges and responsibilities, which must be managed with care. If you don’t stay on top of your responsibilities as a director, you can end up in significant financial and judicial trouble as a result. If at any stage, you are unsure about the position of your company or your obligations as a director, seek professional advice immediately.
Mali De Castro
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