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Regain control of your finances with debt consolidation

  • One easy repayment
  • One interest rate
  • One set of fees
Combine your debts, save on interest and get your life back on track.

Is your financial situation keeping you awake at night? Gain control of your finances and your future with a debt consolidation loan that works for you

Your Local Debt Consolidation Specialists

A good level of debt can help you get on with your life. It can help you achieve great financial goals such as owning your first home, going on a life-changing holiday or getting that much-needed new car. Unfortunately, it’s easy to end up with multiple debts from multiple providers. Debt consolidation can help you if:

  • You have multiple loans, credit cards or other debts,
  • You want to lower your monthly repayments,
  • You want to avoid high interest rates, fees and penalties, and
  • You only want to deal with one creditor, not several.

When you consolidate your debts into one payment, you’ll often enjoy a lower overall interest rate, smaller monthly repayments and more flexible terms, making for a better fir for your financial situation. Taking out a debt consolidation loan will also help you avoid bankruptcy and the consequences it entails.

What are the Benefits of Debt Consolidation?

Take Control of Your Debts

If you have more than one debt and your creditors want different amounts of money at different times of the month, you may be finding it difficult to coordinate your payments and keep track of them. If this is the case, consolidating your debt into one easy and affordable loan may be the answer. Once your debt is consolidated, the difficulty of juggling several different debts will be relieved and you can stop struggling.

Stay on Top of Your Finances

Keeping on top of your finances has never been more important than today. Until now, credit providers were only able to see your personal details, credit default information and the amount of times you may have applied for credit on your credit file. Now, with the new credit reporting laws, credit providers have the potential to access more comprehensive information about your level of debt and how you manage it. Lenders will now ask how many coffees you buy a day and how much you spend on groceries to determine your financial situation when applying for a loan.

Reduce Your Debt Related Stress

By consolidating all of your debt into one account, you will be able to significantly reduce your stress. If you are constantly worried about your debt, you won’t be able to focus on more important factors in your life. Debt is one of the most common factors that is known to create stress. Taking out a debt consolidation loan will reduce your stress levels and allow you to manage your finances better.

Alternatives to Debt Consolidation

If a debt consolidation loan isn’t the right option for you, there are alternative options available which may be a better fit for your individual financial situation.

Mortgage Refinancing

If you have a large number of unpaid debts and a mortgage, you may be able to refinance your home loan to consolidate your debts in Brisbane. If you refinance your mortgage into a new Debtstroyer home loan, you can access the equity in your home to pay off your debts through a debt settlement lump sum. This will eliminate those debts and leave you with just the one mortgage repayment.

Bankruptcy

Bankruptcy is a legal process that releases a person from almost all of their debts. It lasts 3 years and 1 day from the day you file your statement of affairs. Bankruptcy is a great debt solution if you have serious debt problems with little or no realistic opportunity to pay back those debts. Bankruptcy can help you clear your debts, stop creditor harassment and leave you to start fresh.

Informal Agreement

Our Informal Debtstroyer Agreement is a legally binding contract between you and your creditors to change the terms of your existing debt contracts. It allows you to renegotiate the terms of your debt so you can settle on a new repayment arrangement which is affordable to you. An Informal Agreement doesn’t impact your credit file.

Debt Agreement

A Part 9 Debt Agreement is a government legislated, legal and binding agreement between you and your creditors. It outlines a new, affordable payment arrangement of your unsecured debts. This allows you to repay only a percentage of each dollar you owe, while being able to get on with your life and avoid the harsh consequences of bankruptcy.

Consolidate Your Debts with Positive Solutions Finance in Brisbane

At Positive Solutions Finance, we can help you consolidate your debts quickly. By getting in touch with us in Brisbane, we will assess your financial situation and make a recommendation moving forward.

Our qualified, expert team have over 25 years of experience in the lending industry helping Australians with bad credit home loans, business loans, debt consolidation and mortgage refinancing. If you’re looking to get back to financial stability so you can focus on your life, get in touch with us today on 1800 40 3328.

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