We’ve all been there – juggling multiple debt and loan repayments and feeling like things are spiralling out of control. If you’re starting to fear that you might lose track of your finances, it may be time to consider a debt consolidation loan. Debt consolidation allows you to refinance your home loan and combine all your existing debts such as credit cards, personal loans, motor vehicle loans.
When structured properly, a debt consolidation loan can help you simplify your repayments by consolidating everything into a single loan drastically reducing your monthly commitments.
If you're thinking about consolidating your credit facilities, it’s essential to consult with an experienced debt consolidation broker. At Align Mortgage, our team of professionals will assess your financial situation, determine whether debt consolidation is the right solution for you, and guide you through securing the best loan from a wide range of options.
Unlike traditional banks, we have access to a variety of debt consolidation loans, including options from online lenders, credit unions, wholesale funders, and banks of all sizes. This ensures you have access to the most competitive options available.
Clients were looking to reduce their monthly repayments
After consolidation
This case study is from second half of 2023
Clients had suffered a major life event which caused them to rely on credit cards and other forms of credit to get over this financial hurdle. Unfortunately they had gotten to the point where their home loan was in arrears and many of their credit facilities were incurring over limit and late payment fees which was making the situation worse and damaging their credit rating considerably.
* not including arrears penalty interest and late payment/over limit fees
** facility being used to it’s limit the moment it was paid down
After consolidation
We were able to consolidate all of their debts with a specialist lender potentially saving their home. We also provided the clients with a cash buffer so they can overcome any large, unexpected expenses without relying on credit.
This case study is from first half of 2022
Take the first step towards securing your financial freedom. Our expert team is here to guide you every step of the way and help you find the best debt consolidation loan for your unique situation.
