Thursday, January 27, 2005

Australian Debt Consolidation Service

The power of the Internet makes it easy to find a debt consolidation service online. Most Australian mortgage brokers have access to lenders who provide a debt consolidation service and can arrange finance for you.

In the case that the mortgage brokers can't help you, they may be able to recommend a debt relief company who can assist you.

If you have a bunch of high interest rate debts like store and credit cards or personal and vehicle loans there is lots of scope to consolidate these debts into a single loan with a lower interest rate.

If you have a good job it may be possible to incorporate all the high interest rate items into a personal loan and extend the term so that repayments are manageable.

Home owners with equity in their property may be able to withdraw some of the equity to repay the debts or include them in an extended mortgage. Once again the term can be increased to lower repayments.

The Home Loan Club (see below) have access to multiple lenders offering debt consolidation loans. Fill out the online enquiry form and put their service to the test.

Debt Consolidation Service continued here...