A debt consolidation loan allows you to combine all your financial obligations into one. Essentially, it can give you a way to reduce your interest rates and fees, thereby giving you a way to eventually get yourself out of debt. If you choose to consolidate your debt, you’ll have only one loan repayment to worry about rather than several.
At Loansmart, debt consolidation loan finance is one of our primary services. We’ve helped thousands of Kiwi’s get out of debt by restructuring their finances with a debt consolidation loan. It’s easy, with the first step simply by applying online. And don’t worry if you’ve got a credit score that isn’t quite perfect, we understand that events in life can get on top of us. You’ll get your own loan consultant to deal with who will help you to complete your application and get you on your way to financial freedom.
Debt Consolidation Loans – the way to go
$5,000 to $30,000, in fact however much you need – if you are in stable employment we can help with a debt consolidation loan that can fit your individual circumstances and affordability.
Apply online in the first instance in less than five minutes.
Benefits of a Debt Consolidation Loan
The most common reason that people consolidate debt is to reduce their overall interest costs and payment amounts. The typical benefits of debt consolidation can include:
- Reduced monthly repayment amount
- Lower interest rate on repayments overall
- Only one creditor
- Reduced fees and charges
- An opportunity to get back in control of your debts*
- Extended repayment period – up to five years
*NB, we take our role as a lender seriously, when you take out a debt consolidation loan through us, we will encourage you to close down your credit card and charge card facilities, not just pay those balances off. A debt consolidation loan is a real opportunity for you to get ahead and back on track. Being constantly in debt is not in your best interest long term – it’s great for the banks and those charge card trap providers but not you!