algoa dating line Home refinance debt consolidatings

Unlock equity in your current property to fund a range of purposes or purchases subject to serviceability Potentially save money with reduced repayments or a shortened loan term Consolidate several debts into a single repayment (potentially at a lower rate)^.

Whatever the property market is doing it makes sense to review your home loan from time to time.

After all, a new loan structure could offer greater flexibility or features that better suit your current needs; not to mention reduced repayments if your interest rate is lower than what you had previously.

If you have multiple credit card accounts or loans, consolidation may be a way to simplify or lower payments.

If you are thinking about debt consolidation, you might want to first consult a non-profit credit counselor.

Many people get into debt because they can’t afford to make monthly debt payments on top of paying for daily living expenses.

If you’re not sure of the best way to address your debt, a credit counselor can help you explore your options.

You can also reach out to your individual creditors to see if they will agree to lower your payments.

Some creditors might be willing to accept lower minimum monthly payments or change your monthly due date because they would rather get paid less on a regular basis – than not get paid at all.Here’s what you need to know if you are considering these options for consolidation: Transferring different debt balances to one credit card account Many credit card companies offer zero-percent or low-interest balance transfers to allow you to consolidate your debt on one account.This will allow you to make one payment and sometimes will result in lower payments.Warning: Many zero-percent or low-interest credit card offers only last for a limited amount of time.After that, the interest rate on your new credit card may rise, increasing your payment amount.Also, with many of these cards, if you’re late on a payment the credit card company can increase your interest rate.