You might also take on new annual fees if you open a new credit card.Interest rates: the best interest rates are available for customers with good credit.If you’ll pay off debt for several years – which is longer than any credit card promotion – you might do better with a debt consolidation loan.Interest rates might be start out higher than variable rates.Fees: in many cases, you’ll have to pay a fee (it might be roughly 3% of the amount you transfer, or a flat dollar amount – whichever is greater).Any savings you get from a lower interest rate need to cover the transfer fee.
View the Total Cost of Borrowing Before you apply, we encourage you to carefully consider whether consolidating your existing debt is the right choice for you.
Using a conveyancer to handle your conveyancing will greatly reduce the risk to you and sometimes, particularly if you are taking out a new mortgage, you will have no choice but to instruct a conveyancer.
The good news is it doesn't have to break the bank. We can also help with quick easy quotes for other moving related services.
Consolidating multiple credit accounts into one new loan with a single payment may help you lower your overall monthly expenses, increase your cash flow, and eliminate the stress of multiple monthly payments.
When you're choosing the term of a loan, consider the total amount of interest and fees you’ll pay.