The festive season can bring with it multiple credit card debts with multiple interest rates with repayments at different times each month? This is where debt consolidation may be worth considering.
Debt consolidation is typically taking out a new personal loan to repay your other existing debts. If the interest rate on the personal loan is lower than your credit card rates – and they often can be – this can help you get ahead in reducing your overall debt.
Some advantages of consolidating your debt include:
A potentially lower interest rate,
Easier to manage repayments, and
A means to providing a clear timeline outlining when you will be debt-free.
Call us on 1300 131 809 to discuss your options regarding debt consolidation.
Through an APS Benefits Group Everyday loan facility, we can provide unsecured personal loans from $500 to $15,000. These loans are a line of credit. Need to find out what your repayments would be? Go to our loan calculator by clicking here.
Please refer to our Everyday Loan Application Pack for the loan application and payment rate table or visit APS Webloans to apply for an Everyday Loan online.
Everyday Loans are available to APS Benefits Group members only. Normal lending criteria applies.
What other loans do the APS Benefits Group offer? Click here.
Use our Repayment Calculator to estimate your repayment commitment.
Do you need to know more? Call us on 1300 131 809 or contact us by completing the form below: