The first step is to see if our services are right for you:
You're an Australian resident
You're between 18-65 years old
You or your partner have a regular income
You may need to borrow money or take control of your debt
You may have been declined for a loan or have trouble paying your debt
And you understand that...
We'll work with you fully understand your financial situation
We will help you understand your credit report and the areas for improvement
You may yourself without charge obtain a copy of your credit record and challenge any entry on your credit report
If you're applying for credit restoration improvement, we cannot guarantee that all adverse credit notations are removed from your credit report
We can only use our best endeavours to ensure that your credit record is true and correct
We will not provide you with any Insolvency services unless and until we've advised you that you may obtain help, free of charge, with credit and debt related problems from community based financial counsellors.
A debt consolidation loan involves taking out a loan to pay out a number of debts.
Benefits of a debt consolidation loan
One payment instead of multiple payments
Possible lower interest rate
Lower repayments (due to extended payment period)
Could save you money
May help you gain control of your finances
May be easier to budget and/or make payments
Debt consolidation or debt agreement? What’s the better option?
Adebt agreementis one way of consolidating your repayments and is generally more popular than a debt consolidation loan, as you may not have to pay any interest or pay back the full amount that you owe.
Debt consolidation is more typically referred to when talking about a debt consolidation loan. For example, if you have a credit card, a car loan and a personal loan you could take out a larger loan to pay them all out. Depending on your situation, a debt consolidation loan may only be beneficial if you can get the new loan at a lower interest rate than the average rate of your current debts.
It’s important that you get the right advice when considering a debt consolidation loan as it could put you in a worse position, especially if you’re already struggling with your current payments.
You're an Australian resident
