What is debt consolidation?

If you have multiple debts such as a home loan, a car loan and a couple of credit cards, then you’re a candidate for debt consolidation. Debt consolidation is the process of taking that complex of payments and making them into one single payment.

Save Money With Debt Consolidation

Apart from making life simpler, which is great, the main advantage of debt consolidation is to save you money. Your various debts are all attracting various rates for repaying them. The home loan rate might be 5.1%, the car loan 7% and the credit cards could be attracting rates up to 19%.  Debt consolidation with Finance and Loan can combine those debts into one single payment at one low rate.

Mounting Debt

It’s not unusual to accumulate debt. If you own a car and a home, chances are you have debt. And then you have Christmas expenses or are a bit tight when the holiday you booked to Bali comes around. So that goes on the credit card. The card creaps up as this cycle is repeated the following year. Perhaps your partner has a credit card also. Despite both working you’re got monthly repayments that are starting to make saving nearly impossible. Relax, you’re not alone, and there is a good solution.

Providing Debt Consolidation Solutions

Finance and Loan have a depth of experience with debt consolidation that is hard to match. For us it is a process of providing solutions for our clients. Each client is different and each debt consolidation solution is different. Our aim is to save you the most money.

By finding you the best loan rate, bundling the various debts (including credit cards) into one loan, we can significantly reduce the amount you’re paying on your repayments. Send us your contact details and we’ll get in touch to give you your loan best rates. We can always get you the best rates on the market for loans, including debt consolidation. Our expertise and our industry knowledge allow us to get rates you won’t see published because they’re not generally available.

We Love Debt Consolidation

Debt consolidation is a particularly satisfying part of work at Finance and Loan. Through debt consolidation we can take a complex and difficult situation and provide a simple solution that saves money. It’s not unusual to save our clients over $1,000 per month. That provides significant relief to families and great satisfaction to us.

Contact us today and talk to us about your debt situation. We’d love to provide a debt consolidation solution for you.


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One Comment

  1. […] situation. Perhaps there are credit card debts or car loans we can incorporate into the loan (see debt consolidation). Investor owners often have other forms of wealth they want to contribute to the equation, like […]

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