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ARE YOU :
- Unable to keep up with all your
repayments?
- Tired of daily calls from your
creditors?
- Afraid of losing your car or your
home?
- Contemplating bankruptcy?
- Feeling caught in an escalating
debt cycle?
Debt Consolidation Australia has
helped thousands of Aussies like yourself find their way out of a
financial nightmare. Why not let us help you Today!!!
Debt Consolidation Example
Paul and Silvia are the proud owners of a $450,000 home, 3 credit
cards, two car loans anda personal loan. Prior to consolidation, the
couple’s monthly repayment obligations were as follows:
|
Loans |
Outstanding Balance |
Interest Rate |
Monthly Repayments |
|
Home Loan |
$ 250,000 |
7.5 % |
$ 1847.48 |
|
Car Loan1 |
$ 30,000 |
9.0 % |
$ 622.75 |
|
Car Loan2 |
$ 9,000 |
11.0 % |
$ 200.20 |
|
Credit Card 1 |
$ 15,000 |
16.5 % |
$295.50 |
|
Credit Card 2 |
$ 10,000 |
14.0 % |
$196.95 |
|
Credit Card 3 |
$ 6,000 |
18.0 % |
$175.60 |
|
Personal Loan |
$ 18,000 |
15.0 % |
$428.22 |
|
Total |
$ 338,000 |
- |
$3,766.70 |
After
debt consolidation the couple's monthly payments
are reduced from $3,766.70
per month
to $2,497.79 per month.
|
Home Loan |
$ 338,000 |
7.5 % |
$2,497.79 |
…A saving of $1,269 each and every month…..
Debt Consolidation News
May 16, 2012, 3:37 amThere is misconception amongst borrowers who are already behind with their existing unsecured loan, that the panacea for them is purchasing a home and consolidating their debts into their mortgage. The logic behind this idea is flawed. You can not … Continue reading → May 10, 2012, 6:58 amA recent survey of home owners has confirmed what many of us already knew – home owners and especially First Home Buyers are doing it tough. Every third home owner included in the poll has confirmed that they would consider … Continue reading →
Debt Consolidation Info
 Loan For Debt Consolidation - Things to Know Before You Get a Loan For Debt Consolidation
How
Does Debt Consolidation Work? The Truth Plus How it Affects You
How to Pay Off Credit Cards and Eliminate Credit Card Debt
The Hard Facts on Debt Consolidation
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