Reduce Financial Stress With Debt Consolidation In New South Wales
Are you feeling swamped by multiple debts, including personal loans, credit cards and home finance? Is it a struggle to meet your repayments each month? Consolidation is a form of debt relief that can help you lighten the load – financially and mentally.
Debt consolidation in New South Wales involves combining multiple debts into a single loan with one loan repayment. It enables you to reduce interest by paying out high-interest debts, increase and improve your cash flow, remove excess fees, and simplify your payments – reducing stress.
Consolidation can be tailored to suit your specific circumstances. However, there are several things to consider before you go ahead. This includes the interest and fees on existing debts, interest charges on your new versus your existing debts, repayment comparisons, and the setup and account-keeping fees for your new loan.
The debt consolidation process in Wollongong
Determining Your Position
Once you’ve contacted one of our debt consolidation specialists, they’ll talk through your financial position with you. They’re not here to judge; they simply want to understand your challenges through an instant assessment.
Defining The Budget
After discussing your personal debts and overall financial position, together we’ll work out how much you can afford to pay each month based on your income and basic living expenses.
Customising A Solution
Your specialist will investigate all options available, considering things such as your interest rate and repayment amount, and recommend the best solution for you. If you agree, they’ll help set it up for you.
Success Story
Kath is a 58 year-old-mum of one working full-time as a personal assistant. She had recently gone through a bad break-up.
Although they were married, their Wollongong house and several personal loans were under Kath’s name. Her husband had been contributing to paying them down when they were together, but he was refusing to communicate since the messy split, leaving Kath to repay all the debts.
As interest rates were low, she tried to apply for a home loan refinance, but this only damaged her credit score further.
Our Solution
When Kath got in touch with us, she was stressed and depressed to the point of being medicated. Her financial struggles were only compounding what was already a lonely and challenging time emotionally.
Kath spoke to one of our New South Wales specialists, who reassured her she wasn’t alone. Our solution was to look at reducing her unsecured debt amounts and consolidate the debts into a new home loan.
Positive Outcome
Reduction In Monthly Payments
We reduced her overall debt by approx. $30,000 and secured a lower interest home loan.
No More Juggling
By consolidating her debts into a single home loan, managing them was much easier.
Life Began Again
Kath felt free to get on with her life now that she could service the debts alone.
You're In Safe Hands
Judgement-Free
At Revive Financial, we care about the stress and impact being in debt has on your wellbeing. We want to help you take back control with no judgement, just a helping hand.
Financial Professionals
Revive Financial is proudly Australian owned and lead by a team of Chartered Accountants. Our qualified team have been helping Australians become debt free since 2005.
Industry Leaders
Our dedicated team have been trusted by over 10,000 Australians to help take back control of their financial futures. It's what we do best so you can rest assured.
Download Our eBook
Learn how to turn negative to positive today with a FREE ebook produced by our team of finance professionals, just for you. This helpful guide outlays all of the debt management options available and will assist you in understanding how you can take back control of your financial future.
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