A debt consolidation loan can combine numerous unsecured debts into one single debt with one payment, one creditor and one interest rate. If you are tired of managing your debts with multiple creditors, fluctuating interest rates and with different payment types, debt consolidation could work for you.
Unsecured debts can include items such as credit cards, store cards, medical bills and utility bills.
A debt consolidation loan can result in:
- One reduced monthly payment
- One reduced fixed interest rate
- Dealing with only one creditor
- Significant savings on interest
- The chance to eliminate your debt.
If your circumstance allows, we would not extend the loan terms of the debts being consolidated, so that you get maximum benefit of the lower interest rate.
TAG Finance can analyse your personal situation and assess the best options to assist you in reducing your debt.
Contact TAG Finance today to find out how we can help you.