Consolidating Debts

Consolidating debtsThe combination of high petrol prices and increased interest rates have taken their toll on hardworking Australians. Through no fault of their own, many are now struggling to manage their finances where they were previously comfortable.

If financial stress is weighing you down you could consider consolidating all your loan, credit card and store card repayments into a single loan – at home loan interest rates (if you own or are paying off a home). Not only will you substantially reduce your monthly commitment you will also reduce interest charges.

We advise caution when consolidating debts because you will most likely be extending short term debt over a longer period. Therefore you should consider making additional repayments when you are back on your feet.

Our consultants can work with you or your financial advisor to map out a recovery plan to suit your circumstances.

If you are not a home owner or buyer you could consider a personal loan as a means of consolidating debt. While we are not able to assist directly with this we will be happy to steer you in the right direction.

Click here to complete a quick enquiry form and one of our consultants will contact you at your preferred time to discuss your requirements.
 
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