I was able to get a loan to pay off all my credit cards and have one payment per month.
To get myself debt free in the next 3 years and get my life back on track.
Mounting debt-related issues can overwhelm and dominate people's lives.
Reduced interest and late charges means that more of your money is paid towards the principal, getting you out of debt faster.
student loan is subject to completion of a loan application/consumer credit agreement, verification of application information, credit qualification, and a benefit to borrower determination.
The benefits of consolidating debt, be it from credit cards, or existing loans are that Virtually all lenders have debt consolidation loans.
If, however, you have bad credit, many prime lenders (such as banks) will not consider your application. There are other lenders in Australia who can lend to people with bad credit.
Here are 3 important steps on how to get a debt consolidation loan with bad credit.
Do not just randomly apply to many lenders, as this will create further enquiries on your credit report, which most lenders see negatively.
You need to write down all of your debts and determine which loans/credit cards etc. Make sure you understand which ones are unsecured and which are secured.