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How to Best Consolidate Your Debts & Loans |
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Statistics show that Australian household debt is at record levels. And many people are paying
more interest than they need to on their debt. What this means is that it can be difficult,
cost a lot more and take a lot longer to reduce the amount owing.
If you have debts - especially those with very high interest rates such as credit cards or
personal loans - it can be very wise move to consolidate them into one loan at a lower overall
interest rate.
This has the twin benefits of saving you money and making it easier to track (and control)
how much you owe.
When it comes to consolidating your debts there are a range of options available. Which one
is the most appropriate for you depends on your individual circumstances and factors such as
how much equity you have in your current home, the nature and number of your debts, your
overall financial situation and your timeframe.
Working through all the options and taking everything into account can be reasonably complex,
but very rewarding.
This is where the knowledge and experience of your AHL Consultant can be invaluable. They'll
look at your total situation and work with you to explain all your options and the advantages
and risks associated with each. Then they'll ensure you get the full benefits from the loan of
your choice.
Click here to Contact a Consultant to help me now.
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