debt consolidation

Australia has just hit the $50 billion mark for our national credit card debt, according to ASIC. In the 2016-17 Financial Year, Australians spent an estimated $621 million on interest and fees, and it’s time that someone stepped in and protected hard working struggling Aussies.

The stress of paying multiple debts can be overwhelming. Debt Consolidation is a way of simplifying your finances if you are struggling to manage your debt repayments or suffering financial hardship.

A Debt Consolidation Loan is any loan which is large enough to pay out your existing debts. A debt consolidation loan will leave you with one loan, to one lender with a one loan repayment.

Credit card debt in Australia: 32 billion reasons to cut up your credit card.

Your credit file is a record of your financial history. It lists a number of applications, transactions and financial details and gives creditors a snapshot of how you handle your money.

Buy now pay later allows you to defer your payments for up to a year. This lets you purchase and use the product now, but pay for it later giving you time to manage your budget.