How does debt consolidation work in Brisbane?

Debt consolidation is simply the process of bringing together a variety of debts and turning them into a single, easy-to-manage debt. If you’re looking for debt consolidation in Brisbane, your friendly Case Manager at Debt Rescue will help you find the right solution to your financial situation.

What are the benefits of debt consolidation?

There are plenty of benefits to consolidating your debts. In the right circumstances, you stand to:

Save on Interest
If you’re paying interest across a variety of loans, you can save on interest by consolidating them.

Simplify Your Cash Flow
It’s never easy to balance finances. But with one easy payment, you can easily manage your money.

Reduce Fees
With only one loan to manage, the total fees you’ll end up paying are likely to drop significantly.

No More Stress
Once you’ve got a clear path and plan to becoming debt-free, all the weight and stress will lift.

Is debt consolidation right for me?

Debt consolidation might not be an option for everyone, but it’s certainly one of the best ways to resolve your financial situation.

FAQs of Debt Consolidation

How does debt consolidation work?

Our Case Managers have a wealth of experience in delivering debt consolidation services to Queensland. They’ll get to know a little about you and your financial situation, and they’ll most likely propose one of two solutions:

  • Debt Consolidation Home Loan – By using the equity on your home loan, you can consolidate your debts into a refinanced mortgage. This means that instead of battling to pay a variety of debts, you can make simple repayments on your mortgage.
  • Personal Loan – Similarly, your Case Manager will bring all your existing debts together into a single, affordable loan. With only one set of fees and better interest rates, you can steer yourself back to a debt-free life.

What is the process for debt consolidation in Qld?

Debt consolidation is easier than you might expect. With 3 simple steps, you’ll be on your way to a happy and stable financial situation.

  1. The Referral – Your Case Manager will refer you to a few of our preferred consolidation and lending partners, who can offer a suitable solution to your specific circumstances.
  2. The Application – With your Case Manager’s advice, you can apply for the right services from the right lenders. We’ll even help you strengthen your financial position as best we can, to improve your chances of being approved.
  3. Approval – When you’re approved for your loan, your existing debts will be paid out in full. With your previous bad debts out of the way, you can make easy repayments on a single loan.

How does debt consolidation work in Brisbane?

Want to learn more about debt consolidation in Brisbane? Or are you ready to take command of your finances again? Chat with your local Case Manager and start putting your mind at ease.

To get started, give us a call on 1800 00 3328 today.