Consolidating debt australia

25-Mar-2020 21:22 by 7 Comments

Consolidating debt australia - wendalls dating ervi

If you are finding it hard to keep up with your billing cycle, set up a direct debit.That way, your credit card repayments will come first. Applying for a home loan top-up can be a quick and cost effective way to consolidate your debt.

OUR GOALS Help Australians to consolidate their debts into 1 easy payment – Save Australians money while clearing their debts – Get Australians financially fit again – Give Australians financial peace of mind.

You can’t get that big banks who look at you as number and not a human.” Elijah & Samantha, VIC “With my marriage looming around the corner, I wanted to get my finances in order before my partner & I tied the knot.

They helped me achieve my financial goal of doing that and I was able to start my marriage debt free.” Henry, NSW A consolidation loan is essentially a loan that is used to clear other debts.

Remain focused by putting a plan in place to pay off the entire balance during the interest free period.

You should also consider cutting up your old credit cards so you don’t end up in more debt.

This is generally the best option for consolidating credit card debt.

By transferring multiple balances from non-Westpac credit cards or store cards into one low rate credit card you can potentially: This option requires good discipline as there is no set repayment amount.

At Westpac, we offer three ways to consolidate debt: A personal loan can be a good option to consolidate a range of debts.

The main benefit of a personal loan is that it has a fixed term.

By consolidating your finances under one home loan you can potentially: Be mindful that with a home loan top-up your mortgage repayments are likely to increase.

If you opt to keep your repayments the same, your mortgage will take longer to pay off.

In both cases, you will likely end up incurring more interest over the long term compared to other options. If you are finding your debt difficult to manage, the earlier you take action the better. Some of the ways we may be able to help Westpac customers include: If you are a Westpac customer and experiencing difficulty making your loan or credit card repayments, please call Westpac Assist on 1800 067 497.