Debt Consolidation

Debt consolidation is the process of consolidating a number of different debts into a single loan or credit card, often with a lower overall interest rate.

It can be a useful option if you’re juggling multiple debts like a personal loan, a car loan and perhaps a few credit card balances. By consolidating your debts you may only have to make one monthly repayment instead of several and you may only be dealing with one lender and one set of loan statements.

The biggest advantage of debt consolidation is the potential for big savings on your monthly repayments and overall interest charges.
Many people choose to use their home loan for debt consolidation because it offers a very low interest rate but there are several other options including a personal loan or credit card balance transfer.

Speak to our mortgage expert now we can help you save thousands.