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Debt Consolidation

29 Jan 2016

As fun as the holidays are, they can sometimes bring a whole bunch of problems - family spats, long distance travel, and over indulgence with pavlova. Luckily, most of these problems can be solved with a bit of space, shared driving, and stretchy pants.

What some people do find difficult to cope with after the holidays is the debt that has accumulated. Holidays can sometimes find us spending far more than we thought we would, with the consequence of that made real with the receipt of those "window envelopes" in the letterbox. When you have credit cards, shop cards, hire purchases, personal loans, or a combination of them all, it can sometimes get a bit difficult to cope financially. Especially when you are paying multiple accounts at different times!

This is where Debt Consolidation can really help. It's a single loan that amalgamates all the money you owe on credit cards, to various retailers, banks and finance companies and puts it all in the same place, meaning you only have to pay one loan regularly. Often you may be able to have a lower overall interest rate on your Debt Consolidation loan than the individual debts which gives you a little bit extra that could be repaid onto your loan to pay it off even faster.

Give yourself some peace of mind - consider consolidating your debts. Debt shouldn't be something that is only spoken about in hushed tones. It's something that many New Zealanders have to deal with every day, and an important part of taking care of yourself is by taking care of your money and putting yourself back in control.

Stay safe out there.

Talk soon . . .

Money Penny