Debt consolidation services by Andrew Vaughan
Living with high levels of personal debt can be financially and emotionally draining. So it’s important to look at ways to get back on track with money management, regain control of your cash and become debt-free.
Like many Australians you could have several debts, probably a home loan, a personal loan, and possibly even a credit card balance. Having multiple debts means juggling lots of different repayments, however, there is a solution to that.
Debt consolidation folds a number of different debts into a single loan, making it easier to repay the debt every month!
One option is to roll your smaller debts into your home loan as it usually comes with the lowest rate of all types of credit. The downside is that you may be transferring a short term debt such as a credit card into a long term loan.
If you’re not a home owner, a personal loan can be a good choice to consolidate debt. The term is fixed so you have a clear end date, and the set repayments are easier to budget for.
As your local financial expert, we are here to help. We can recommend the best strategy to consolidate debts for your situation and then implement the strategy you have selected.
If you're ready to take action, reach out to Andrew Vaughan, Mortgage Choice Manly on 0409 536 097.
Did you know we also help with:
- Home Loan Health Checks
- First Home Buyers
- Small Business Loans
- Car loans & personal loans
- Financial planning services