Do you struggle to keep track of all your loan repayments? Then you should probably consider rolling all your repayments into one manageable loan.

Consolidating or refinancing loans may be a viable solution for some people struggling to manage their repayments, and it can mean paying less in fees and interest in the long run. However, it is important to read the fine print on your loans so you don't end up paying more in fees for a changed arrangement. The cost of a new loan must be significantly lower than what you’ve been paying to ensure an effective debt management strategy.

The benefits of debt consolidation include:

  • Reduced monthly payments
  • Management of a single payment to one institution
  • Money savings with an overall lower interest rate and fees (when compared with previous loan arrangements)

The team of experts at National Financial Advisors can help you compare the conditions set out in your current loans, and work with you to set up a debt consolidation strategy, if it is a viable option for your particular situation. With a view in mind to improve your financial position in the shortest time possible, National Financial Advisors can assist you with obtaining a mortgage for your first home sooner than you thought possible, consolidating your loans to reduce your servicing costs and reduce your repayments, and potentially free up thousands of dollars a month for spending or saving. Contact us today.

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"Dealing with Michael was an absolute pleasure. He did not only get our super and life insurance sorted but was also able to help us wipe a $55,000 credit card that had been haunting us for years. Seeing Michael was one of the best decisions we ever made and we will be definitely recommending him to all our family and friends." - Selwyn & Jenny, QLD

"National Financial Advisors has changed my life! My wife and I went from being behind every month in our repayments and almost losing our home, to saving thousands every month, we're on our way to achieving financial goals that we never thought would be possible." - Michael & Jennifer, VIC

"Thank you to Peter and the team at National Financial Advisors. You've helped us get our affairs in order so that we can go into retirement comfortably and sustain our retirement lifestyle knowing that when the time comes, our children and grandchildren will inherit what is rightfully theirs whilst paying the minimum amount of tax possible." - James & Mary, NSW

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