Why Consolidate Debt?

reasons to consolidate debt

For people who are suffering from financial stress, a loan for debt consolidation may be the perfect solution.  A debt consolidation loan can offer the financial help required and also prevent serious situations like bankruptcy, lost assets and garnishments.

Australian Lending Centre offers a variety of plans to help you combine your debts into a single debt consolidation loan with one weekly/fortnightly/monthly payment.  Debt consolidation, as the name suggests, allows you to repay all of your existing debts whilst combining the entire debt into a single loan.  This means that you only need to focus on repaying one lender, apposed to multiple creditors.

Our consolidation loans offer the industry’s most competitive interest rates; if we can’t save you money we won’t give you a consolidation loan.  However, we will share some smart financial tips on how to get out of debt or achieve your financial goals faster and have everything ready for you to move ahead quickly the moment a debt consolidation solution is the most viable option to save you money.

We can show you how to roll all your debts including credit card debt, personal loans, car loan, not to mention your home loan, into one easy monthly repayment for your debt consolidation loan.  We are committed to assisting you to find a fast and easy solution to your current credit card debt crisis. Credit card consolidation is often one of the main reasons for people to seek a debt consolidation loan.

Take for example a credit card debt of $5,000.  If you pay the minimum repayment of say, 2% of the balance, it could take you 3 years to pay it off and you could pay up to $15,000 of interest.  With debt consolidation from the Australian Lending Centre, you could pay this $5,000 back in 2 years with as little as $50 per week, with interest charges in the low hundreds instead of thousands of dollars.

In conclusion, a debt consolidation loan has 3 major benefits:

1. Save Money

A debt consolidation loan helps you to save money by reducing the amount of interest you pay. Many credit cards available in the market can charge interest in excess of 18%.  The Australian Lending Centre can help you consolidate credit cards with an interest rate as low as 5.16%, saving you a huge amount of money that you can put to better use.

2. Reduce Repayment Periods

With a debt consolidation loan, you can get out of debt faster by paying a much lower rate of interest as put simply, there will be less to pay back and possibly more disposable income to pay it down faster.

3. Save Time

When you consolidate debt with a debt consolidation loan, you only have to make one repayment instead of having to make several payments on credit cards, store cards and personal loans.

We have multiple debt consolidation options, including a debt solution that can freeze your current interest and prevent any further interest and charges accruing.  To find out more, call 1300 138 188 to speak with a debt consolidation consultant today, or fill out an enquiry form to your right and we will contact you shortly.

Share on facebook
Facebook
Share on google
Google+
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on pinterest
Pinterest

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Posts

jobseeker changes
News
Jack Richings

Jobseeker Changes Incoming…

The Government brought in financial incentives to help Australians through the COVID-19 crisis. However, from 25th September, jobseeker changes are coming in…

Read More
personal loans with no credit check
No Credit Check Loans
Jack Richings

Personal Loans With No Credit Check

Personal loans are a great cash injection. Do you want a quick & easy option with no impact on your credit score? Consider personal loans with no credit check.

Read More
Australian Economy 2020
News
Jack Richings

Australian Economy 2020

Bush fires, drought, flooding & the Covid pandemic have made 2020 a year to never be forgotten. But how has this affected the Australian Economy 2020? Find out.

Read More
what is debt management
Debt Management
Diane Challis

What Is Debt Management?

Ultimate Debt Management Guide – We discuss the difference between good vs bad debt & give tips on how to escape debt. Find out what is debt management here…

Read More