Australian
Internet Loans
Australian Credit Representative 401491
Australian Internet Loans :: Articles

Where To Get A Debt Consolidation Loan When You Have Bad Credit

Where To Get A Debt Consolidation Loan When You Have Bad Credit

Where To Get A Debt Consolidation Loan When You Have Bad Credit
If you find yourself struggling under the weight of multiple loans, credit cards and other personal debts it can be hard to know where to turn for help. Your lenders may simply be unwilling or unable to give you any wriggle-room. If you find yourself in this situation, then it might be worth exploring the option of online debt consolidation loans

A simple concept

The concept that underpins consolidation is actually quite simple.
The issuing company provides the applicant with a new loan, albeit one that is large enough to pay off all outstanding debts. In return, the individual is left with conditions that should be easier to keep up with both in the short and long term.
For example, the new interest rate and monthly dues should be lower than what is currently being dealt with. What this means is that you should have more money left in your bank account at the end of each month to pay for essential items such as food and fuel.

Debt management

Debt Stressed?
Image for Debt Stressed?If you're struggling to pay your debts and covering living expenses, we're here to help. Through our national panel of Debt Management specialists, we can help customers with $10k or more in debt by consolidating your existing loans, stopping Debt collectors from contacting you and re-negotiating repayments on your terms!
Some debt consolidators also offer a debt management service, usually starting with a free debt management plan.
A debt management plan is an excellent tool - not just for helping you get oiut of debt, but for planning a path that will help avoid the pitfalls of falling into the debt trap again.

How to choose

The key is to look for a consolidator who offers a deal which is attractive and not as demanding as what is currently held.
Thanks to the internet, finding a reliable and established consolidator of loans is no longer a complicated task. There are a number of approaches that can be taken online to locate a suitable service.
Apart from randomly using a search engine, you can also look for tips and suggestions through specialist blogs and forums.
If planning to avail yourself of any online financial service, it is important to carry out some research on who you're dealing with if you have not dealt with them before. Never give out your personal information over the internet, especially your banking details, unless you are sure that the recipient is an authentic business and not a phishing scam.
You can check with the Better Business Bureau as to whether the company you are thinking of using is the real deal.

A real solution

Online debt consolidation loans can be a solution to a pressing financial crisis.
What's more, the entire process of removing present debts and replacing them with a single easier to manage loan can take place very quickly.
What is important is to ensure that this is the right step to take and that the new lender is genuine and helpful. To help alleviate any concerns that you may have, send off an email inquiry to the business in question and assess the response that you are given.

Published: Sunday, 1st Aug 2021
Author: 263


Finance News

Calls Intensify for Swift Financial Advice Reforms in Australia Calls Intensify for Swift Financial Advice Reforms in Australia
06 May 2025: Paige Estritori

Amid pressing concerns from industry associations, the call for rapid finalization of financial advice reforms in Australia has been amplified. The lack of direction from the Labour government regarding the Compensation Scheme of Last Resort (CSLR) is causing uncertainty in the sector, potentially stalling essential reform work. The impending retirement of Stephen Jones has only added to the speculation surrounding the future of these reforms. - read more
Unlocking Income Opportunities Through Commercial Real Estate Debt Unlocking Income Opportunities Through Commercial Real Estate Debt
06 May 2025: Paige Estritori

Investors are increasingly discovering income prospects in commercial real estate (CRE) without owning property directly. CRE debt investments offer a popular method to generate returns by lending to those requiring capital for commercial property ventures. The investors' gains are derived from borrowing costs, encompassing interest and fees, once fund expenses are deducted. - read more
Navigating the Challenges of Bond Income Distributions Navigating the Challenges of Bond Income Distributions
05 May 2025: Paige Estritori

As global bond yields experience a resurgence, many income-seeking investors face diminishing returns from cash distributions. According to a recent analysis by investment researcher Zenith, a noticeable discrepancy has emerged between the average yields of bond fund portfolios and their actual income distributions. - read more

Finance Articles

Common Pitfalls in Online Loan Applications and How to Avoid Them Common Pitfalls in Online Loan Applications and How to Avoid Them
Applying for a loan online has become a standard practice in today's digital world. It offers the convenience of applying from the comfort of your home, swift processing, and quick disbursements. However, the online loan application process is fraught with potential pitfalls that could hinder your chances of approval or lead to less favorable terms. - read more
Debt-to-Income Ratio: Fine-tuning Your Finances for Loan Approval Debt-to-Income Ratio: Fine-tuning Your Finances for Loan Approval
When you embark on the journey of securing a loan, one pivotal factor that looms large in the eyes of lenders is your debt-to-income ratio, commonly known as DTI. This crucial metric measures the chunk of your monthly income that goes towards paying debts, and it serves as a barometer for financial stability. A lower DTI can swing the doors wide open to favorable loan terms, while a higher one might signal red flags for potential lenders. - read more
Top Credit Repair Strategies: How to Overcome Bad Credit in Australia Top Credit Repair Strategies: How to Overcome Bad Credit in Australia
Understanding the concept of creditworthiness is essential, especially when considering the various financial decisions you make in life. In Australia, a good credit score can open doors to competitive loan rates, favorable mortgage terms, and hassle-free approvals for financing. Conversely, bad credit can be a significant roadblock, impacting your financial well-being and limiting your access to financial resources when you need them most. - read more
5 Key Steps to Take Before Applying for an Online Loan 5 Key Steps to Take Before Applying for an Online Loan
Applying for an online loan can be a convenient way to manage your finances from the comfort of your own home. With technology's advancement, borrowing money has shifted from traditional brick-and-mortar institutions to digital platforms, making the process quicker and more accessible. However, navigating through this online landscape requires an understanding of how it operates. - read more
Understanding Loan Rejection: Why It Happens and What You Can Do Understanding Loan Rejection: Why It Happens and What You Can Do
We've all felt the sting of rejection at one point or another, and being turned down for a loan can be particularly disheartening. It's a setback that many face, but it's not the end of the road. Understanding why your loan application was rejected is the first step towards improving your financial standing and securing future funding. - read more
Debt-to-Income Ratio: Fine-tuning Your Finances for Loan Approval Debt-to-Income Ratio: Fine-tuning Your Finances for Loan Approval
When you embark on the journey of securing a loan, one pivotal factor that looms large in the eyes of lenders is your debt-to-income ratio, commonly known as DTI. This crucial metric measures the chunk of your monthly income that goes towards paying debts, and it serves as a barometer for financial stability. A lower DTI can swing the doors wide open to favorable loan terms, while a higher one might signal red flags for potential lenders. - read more