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I have made several inquiries about Home Loan and only Steve took so much time and effort to assist me. Being a first home buyer, there where so many things that didn't quite understand and Steve patiently explained even the smallest details. The customer service given was beyond expectation and didn't end on the contract signing. Everyone in Loan Choice is outstanding! Debra, Nicole, Elise and Steve you really helped make my dreams come true.
Olga Angeles

Debt consolidation needs careful management

You may be simply maxed out on the credit card after the Christmas splurge, things may be more serious and you are looking at bankruptcy – or you may be somewhere between the two. Cheap and accessible credit is a boon to many and a trap to just as many; getting things back on an even keel takes planning, management and commitment to the program.

For many – but not all - people in a difficult financial position, a debt consolidation loan is the answer. You may be paying high interest charges on your existing debts and want to switch to a cheaper alternative; need to reduce the size of your monthly payments, perhaps because of a reduction in income, or need to release additional money to meet unexpected commitments whilst ensuring your monthly repayments don't increase.

Consolidating your existing debts into one smaller monthly repayment can often be all that is needed to put an end to relentless nagging of creditors.

Consolidating existing credit commitments should not be considered a cure-all. If used properly it can help you get debt free faster. But if there are more serious underlying problems, then it may only grant temporary relief before the creditors start their hounding again. And don’t fall into the common trap of believing you can afford yet more credit before the loan is paid off.

So before you rush off to the bank, have a confidential heart-to-heart chat with me. Armed with the right figures and knowledge of your circumstances, I can suggest the right course of action to take and possibly save you a great deal of money and heartache into the bargain.