Debt Consolidation Australia FAQ's
What are Your Debt Consolidation Options?
Secured and unsecured debts can pass through this type of agreement. High interest credit cards, medical bills and cash advances can also be placed in a debt consolidation program.
With Australian Lending Centre, you have over 20 years of experience in personal loans and business debt consolidation. We can assess your current financial position and recommend the best debt consolidation loan, debt management, or debt agreement options to help you pay off your debt and your life and finances back on track!
What are home equity debt consolidation loans?
If you have equity in your home, you can use that to secure a debt consolidation loan plan. Your home acts as collateral so that we can secure you better interest rates.
This means you can access funding at an affordable, low-interest rate and this will streamline your monthly payments. This means you can pay off the high-interest cards and debts, to make one single payment with a great new low rate.
My debt is out of control, how can you help?
Too often the debt grows for years getting out of control. Ignoring the debt is easy, but as it builds it becomes harder and harder to see a way out. When you find yourself under the weight of too much debt to handle or your debts are eating away your wages, debt consolidation may be the financial solution you need.
Thousands of Australians have taken advantage of consolidation to make their monthly expenses more manageable and pay back their debts without filing for a debt agreement or bankruptcy.
The friendly team at Australian Lending Centre can give you the information you need to see if debt consolidation loans are right for you. There are also other options for debt management and we aim to find the right solution for your circumstances.
Why Paying Off Multiple Debts is So Hard
If you have a a couple of credit cards, store cards, car finance, student loan and/or buy now pay later loans, it can be like juggling. You need to ensure that you have money in your account when each payment comes out and it can be stressful trying to keep track. Sometimes, when everything comes out at once, you can miss a payment. Then you may be charges a late fee or you have not even realise, and have a default on your credit history. The situation is confused even more with additional fees and interest rates, meaning that it can seem impossible to make a dent in the debt, even if you keep up with payments.
The situation can easily get out of control and paying everything off to become debt free and start saving can seem impossible.
This is where a debt consolidation loan can be really helpful.
Options when you are trapped in a debt cycle
The most common debt traps we see are a combination of credit card debt and payday loans. While credit cards and payday loans are great for emergencies, they don’t solve the problem and become very costly if you can’t pay the money back right away. The debts compound with fees and interest, and you often go backwards even if you make regular payments.
At Australian Lending Centre we know what people are going through and want to help you find the most suitable solution to put you in a more positive financial situation. Our debt solutions range from debt consolidation loans, which are suitable for many people, even with bad credit, to debt management programs, where we can assist you with negotiating your debt down, lowering or freezing interest, and helping to make debt arrangements with your creditors. Many people thing that Part IX Agreements or Bankruptcy are their only ways out of a seemingly endless cycle. There is always a solution, even if you can’t see it yourself. Talk to us, or enquire today to find the light at the end of the tunnel.
How do I apply for debt consolidation?
Applying for debt consolidation is fast and efficient process and you could receive funding within as little as 72 hours after enquiring. After taking 30 seconds to fill out our online enquiry form, a loan specialist will be in touch to discuss your situation and find a finance solution to suit you. The Australian Lending Centre has helped thousands of Australians in the same situation as you.
We help people who may not otherwise be able to get a loan. When the banks or other traditional lenders say no, The Australian Lending Centre is able to offer flexible terms, reasons rates and look beyond your credit report.