Example of Consolidating Debts

Here is an actual example of a client we recently helped with consolidating debts. As you can see, the monthly repayment is greatly reduced and our client had much more financial freedom as a result.

Existing loan type	Amount still owing	Rate of interest	Monthly repayment
First Home Loan	$150,000	6.9% p.a	$1051
Car Loan	$20,000	9.0%p.a	$415
Business Loan	$19,000	12.5% p.a	$240
Personal Loan	$15,000	14% p.a	$200
Credit Card	$6,000	16.5%p.a	$427
Store Credit	$9,000	14%p.a	$349

As you can see our client had a variety of debts and many different rates. Some of these loans have high interest rates that accumulate over short periods. He was beginning to struggle to make these payment and especially the credit card balances were growing.

We consolidated his debt into just one payment and his new debt consolidation loan attracted a much lower average percentage of interest.

Type of Loan	Amount to Repay	New Interest Rate	Monthly Repayments
Consolidated Home Loan	$219,000	7.6% p.a	$1,633

With our debt consolidation loan, our client had to pay a much lower monthly amount which she could manage more comfortably. The monthly repayment was reduced from $2682 down to just $1049. This means the monthly payment required to cover her new loan was reduced by $1633.

We are sure you agree that this is much better situation for her to be in and you could benefit in a similar way by contacting Debt Consolidation Today. All you have to do is fill out the simple contact form on this website and we will contact you at the time you specify with some options already available for you.