Low interest rate debt consolodating loan
See au for useful information on managing your debts.Free financial counselling and free legal advice is also available.At Westpac, we offer three ways to consolidate debt: A personal loan can be a good option to consolidate a range of debts.The main benefit of a personal loan is that it has a fixed term.Remain focused by putting a plan in place to pay off the entire balance during the interest free period.You should also consider cutting up your old credit cards so you don’t end up in more debt.
The calculation is based on the information you provide and is for illustrative and general information purposes only.In both cases, you will likely end up incurring more interest over the long term compared to other options. If you are finding your debt difficult to manage, the earlier you take action the better. Some of the ways we may be able to help Westpac customers include: If you are a Westpac customer and experiencing difficulty making your loan or credit card repayments, please call Westpac Assist on 1800 067 497.To find out if debt consolidation is the right approach for you, you should consider getting independent financial advice.Take charge of your finances with the CIBC Debt Consolidation Calculator.
This debt calculator can help you create a debt repayment plan.
Step 1: Gather information about all your debts To take control of your debt it is essential to know how much debt you have.