Reviewing & consolidating your debts
Debt consolidation is a great way to review and manage your finances more effectively. It is the process of bundling a number of other debts like your car loan, credit card loan and home loan, all at different interest rates into one easy-to-manage debt.
Depending on your circumstances, debt consolidation can be a great way to manage your debt, give you a clear idea of what you need to pay and perhaps even lower your monthly repayments.
It's important to talk to a loan expert you trust to carefully assess whether debt consolidation is for you.
Refinancing to consolidate debt
What are some of reasons to consolidate debt?
Manage your repayments better
Combining your debts into one single payment can give you more control over your finances and budget, and a clear idea of what to pay and when. You may also find it easier to calculate a clear end date for all of your debts, and have a goal for paying them off.
Reduce your monthly repayments
Depending on your circumstances, streamlining your debt into one easy repayment may help you take advantage of lower interest rates and reduce your monthly repayments. However, there are some costs that can come with streamlining your debts into one, like break costs, which is a fee charged by a lender when a contract is broken.
The important thing is to speak to a loan expert you trust about your options and whether or not debt consolidation is for you.
Let's get started!
We have a fantastic team and an excellent reputation in the local Ellenbrook area, and we look forward to helping you.
We offer a mobile service (home or work) to make even more convenient for you to get started. We service the areas of Ellenbrook, Ballajura, Beechboro,The Vines, Caversham & surrounds.
Call us today on 08 6296 7218 or click on the Contact us button at the top of the page.
We can also help you with
- Home loans
- Investment loans
- Refinancing your current loan
- Upgrading to your next home
- Car Loans
- Personal loans
- Risk/Income Insurance
- General insurances
- Business lending
- Equipment finance
- and more.