Debt Consolidation Loans | Your Finance Adviser

Debt Consolidation Home Loans for Those Struggling to Pay Off Debts

Debt consolidation helps you in the situation when you are struggling hard times to pay off your debts. Substantially, it can give you a way to decrease your interest rates and fees, thereby giving you a way to get yourself out of debt.

Debt Agreements

People who have been suffering from debt for a particular period of time can enter into a debt agreement. It’s a legal agreement, you can reach with your creditor if you are no longer to repay off your debts.

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What Do I Need to Qualify Debt Agreement?

  • You must be insolvent
  • You must have not been bankrupted
  • You must have unsecured debts, assets & after-tax income for the next 12 months.

Why consolidation is important?

A debt consolidation home loan in Australia is beneficial to clear all the debts. Usually, this type of loans has low rate of interest as comparison to others.

Benefits of Debt Consolidation

Fast & Easy Application

Nothing can be so much easier than applying online which takes about 10 minutes and you’ll get a response in 60 seconds.

Stay in control of your finance

Debt Consolidation advances your credit rating for the future. Also, plan a manageable budget that is tailored to your lifestyle.

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Save on fees

Here you have to pay one set of accounts for all your needs. If you have multiple credit payments each month, then condensing that debt into one easy monthly payment, reduces the chance of missing a payment.

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Get your Debt Consolidation Loan approved

We offer the best solution for how to pay off your debt. If you have any queries you can directly call us on 1300 YFA BROKER now.

FAQS

What is consolidated debt? 
It is a process of combining a few or all debts into one home loan. Its purpose is to schedule one simple monthly repayment at the lower rate of interest.
How consolidated debt is helpful to me?
If you have multiple loans and you are facing trouble keeping track on the dues, you should consider consolidating debt. You have to sign a debt agreement. By consolidating debts, you can regain control of your finance. 
What is the debt agreement?
Debt agreement is a legal agreement you can reach with your creditor if you are no longer to repay off your debt. It is a good option for people suffering from the debt of a particular period.
Will consolidated debt affect my credit score?
It can help improve your credit score and hurt it – both. If you are particular about your repayment, it will definitely improve your credit score. 
What is the eligibility to qualify for debt agreement? 
For entering into debt agreement: 

  • You must have not been bankrupted 
  • You must be insolvent 
  • You must have unsecured debts, assets & after-tax income for the next 12 months. 

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