What is a Debt Consolidation Loan?
A Debt Consolidation Loan lets you put together all your debts into a single, easy to manage loan.
What are the advantages?
It's simple, to take control of your debts. So all your debts - credit cards, store cards, hire purchases, bills, car loans etc., all go into a single loan.
You can make one regular repayment, either weekly, fortnightly or monthly - when it suits you. So you have just one loan to pay.
What’s important, you could actually reduce the amount you spend on repayments each month with a debt consolidation loan and by the end of the term you choose, the debt will be gone.
It's easier to manage, as you only pay one single loan.
Why would you take a Debt Consolidation Loan?
Various reasons:
1. You'll get more money in your pocket.
2. If your budget is stretched by numerous loans or finances
3. If you'r going over your credit limit or overdraft
4. If your past bad credit is stopping you from getting control over your budget
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