Debt Consolidation Loan
If you’re tired of juggling debts, a debt consolidation loan will help you gain control of your finances again. Now you can simplify your debt repayments by making one easy automatic payment. Through the loan you secure the necessary funds will be allocated to your outstanding accounts. No more constant calls from administrators chasing money.
One single repayment and lower interest rates sound good to you? While a debt consolidation loan can take the anxiety out of dealing with multiple credit accounts, there’s an even bigger benefit. Taking out a debt consolidation loan will also mean you pay less in fees and interest, whether it’s credit cards, store cards or student cards you’re drowning under.
Did you know that the average credit card holder in Australia has two or more cards? Many are stuck in the rut of paying high interest fees over the long-term because they are not able to settle the balance in full each month, and simply service the interest.
By taking out a debt consolidation loan you will gain control of your credit debt, and have a better picture of your financial situation and what you need to do to achieve your goals. You’ll be able to become debt free sooner. Our flexible personal loans also give you the option to pay a higher repayment amount to clear your debt quicker. Plus, having a single debt you’re in control of is a good way to improve your credit rating.
If you are struggling to deal with multiple payments and juggling several creditors, chat with our specialised team at Mel Finance about a debt consolidation loan. We will work with you to find the best solution for your circumstances. We’re here to help you create a realistic and manageable budget that is tailored to your needs.