So how does debt consolidation work?

Many people pay very high interest rates for their liabilities. Some credit cards charge over 20%. Different finance providers might charge as much as 25%, sometimes even higher. This can make it very expensive to borrow money and means you have expensive bills. These finance providers can be very expensive to deal with.

This means you are spending a lot of your hard earned money on interest, which is very expensive! It also means your bills take a long time to pay off, and feel like they just never end!

Wouldn’t it be great If that was paid sooner?

You can also look at structuring your debts in a way that allow them to be paid sooner. This contribute to a plan to help you release debts, and become more financially successful. Getting these aspects right can go a long way to making your affairs more financially sound. It can be a useful alternative in comparison to spending massive amounts on a high interest rate with other providers.

Bringing your liabilities under one roof

Through the help of Just Financial, you could get your debts consolidated. By combining the different liabilities, depending on the circumstance; you could get lower repayments.

This can work with many people, including company owners, sole traders, families who are looking for a bit of financial help, and more.

Saving on repayments with debt consolidation

Debt consolidation could potentially save you hundreds, if not thousands, of dollars. This can mean more money in your back pocket to pay for different liabilities.

These savings could be particularly large if you are a home owner, as you might be able to make use of the very low interest rates.

Imagine if you could be paying 2.55% for all your liabilities now, or potentially even less! This does depend on the applicable interest rates at the time.

Where to get help?

Just Financial, is able to chat to you about your situation and how you might be able to save money and get financial relief and savings with debt consolidation. Our business works with different providers to help you with your financial needs and save money on your repayments.

The benefits of debt consolidationcan help you on that all important roadmap to reducing your debts, building up your asset position, and becoming financially successful. You can then leverage this success to have more options in other areas.