- Are your debts spiralling out of control?
- Are you continually short of money to meet daily expenses?
- Are you getting threatening letters from creditors?
     
 

 

While paying off consumer debt is not the best use of your home's equity, sometimes there isn't much choice.

Short term / high interest consumer debt can consume a huge slice of your income locking you into the debt treadmill.
The example below shows how consolidating debts into one monthy payment can put you back in control.
     
BEFORE
AFTER
Home Loan
$1,592.00
    
Home Loan
$1,763.00
Car Loan
$495.00
      
Personal Loan
$342.00
      
Credit Cards
$221.00
      
Total
$2,650.00
      
$1,763.00
Total Savings = $887.00 per month !

Please Contact Us for an obligation free assessment of your options.

 

Forget a free holiday that you will still need spending money for, or a maximum of $8 a week of fuel discounts that will take you a year to collect !

This user friendly software will start saving you money straight away as you take control of your finances. More than that, it will also show you how to save $1,000's in interest by paying off your home loan years sooner!

Normally $99 including GST + p & h, this software is free to anyone taking out a home loan through us before 31st January 2006 !
     
Are there any risks with debt consolidation?
 

Debt consolidation on it's own will not reduce your debt. Although lower interest rates and a longer term means that your total repayments become lower, giving you more disposable income, you still owe the same amount of money that still has to be paid back. Additionally, this debt is now secured by the equity in your property, most likely your own home.

Debt can often be caused by factors outside of our control, such as illness, periods of unemployment, education expenses, unforeseen expenses and more, and as such it is unavoidable.

However, if it is caused by lack of financial discipline and poor use of consumer credit, it will keep on recurring unless the issues that caused the debt are dealt with in the first instance.

As tempting as it is to relax once refinancing has taken away the pressure and stress caused by debt, it is the best time to cut up a few credit cards and create some new financial habits.

If you decide that debt consolidation is the best course of action, we recommend that you invest a small amount of your time looking at some of the strategies we employ to enable people to achieve financial freedom.