Debt Consolidation
Brisbane Debt Consolidation
Too many debts, different dates vs when you are paid can be a juggle. One payment can make all the difference in your situation.
Life changes can impact your ability to pay your debts. More recently we’re seeing people experience a reduction of income, and changes affecting jobs.
Debt Consolidation requires a few checks – credit check, loan conduct, income and debts.
Late payments on a few debts? Your situation will be assessed and you’ll be supported to make your loan ready to consolidate. We’ll know which loans to leave out, and which ones we’re able to include based on the lending criteria for each specific lender.
Your credit file is now tracking your conduct on your current debts. This can affect your loan application, and cause a loan to be declined.
Some loans may not appear on your credit file, so we will need 6 months of statements to support your debt consolidation.
We will also compare your monthly repayments, your expected future repayments, calculate the interest and check to see if this is the right step for you.
Paying your debts on time is important to keep your credit file clean, so you’re an ideal loan applicant. Late payments on your debts can flag a client, causing problems for your loan.
Maybe you experienced a sudden loss of income – illness/accident/maternity leave/domestic violence/job loss. This is very common during these times.
Juggling your debts and knowing which one to pay first can be very stressful.
We can assist by identifying the problem and seeing if we’re able to negotiate with lenders to remove the adverse conduct on your credit file.
When consolidating your debt, some loan interest rates may increase over the term of the loan, and additional interest may be payable to the lender. Unsecured Lending and Secured Lending Options may be available but relies on the lender, the product and the purpose. Debt Consolidation may not be ideal for all applicants, and may not suit all circumstances. Clients who are unsure may need to contact a financial counsellor in your state (free service).
Consideration of client objectives and suitability is very important.
We Can Help You Fix Bad Credit Scores
Bad Credit Scores And Debt Consolidation Help
OUR TOP PRIORITY
Questions About Your Credit File Or A Default?
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Easy or Complex, we’ll tailor a loan solution for you!