Debt consolidations loans are used by every day Australians to consolidate more than one debts into the one loan. They are a great option because, they allow you to only repay one debt per month rather than a handful and that makes life easier. Debt Consolidation loans reduce the risk of attracting default interest as remembering to only pay only loan per month on time is much easier than remembering to pay multiply accounts or loans.
With a Debt consolidation loan you can rest easy knowing the loan will be paid as most lenders insist that the loan repayments are paid by direct debit, so the funds will be automatically deducted from your account. There is even the possibility that you may be able to reduce your total interest costs and fees by getting a debt consolidation loan but we strongly recommend that you shop around and not only compare interest rates but also account keeping fees. High account keeping fees can increase the total effective rate of interest which will take you longer to repay the loan.
Unfortunately, the global financial crisis has made it more difficult for those without strong financial credentials to secure a debt consolidation loan.
That’s where we at Get Debt Free come in. We offer a service to help people like you evaluate your finances and work out if a debt consolidation loan is right for you. If it turns out that one of these loans isn’t right for you, or if you’ve been refused a debt consolidation loan already, our personal debt advisors will be able to put together a debt solution that will help you overcome your debt problems.
So, in order to simplify and potentially reduce your repayments and regain control of your debt problems, call our toll free debt advice line on 1800 98 10 70, or fill in our debt assessment form on-line, and receive a genuine financial debt assessment from one of our experienced and personal debt advisors.