Have you overspent on your credit card?
It’s easy to do, but harder to get rid of that debt.
If you pay the minimum then you could still be paying it off in 10-years!
So we are seeing more people looking to convert credit card debt into a term loan with a fixed term and known end date.
Easy Debt Consolidation
You should at least check and see if you can consolidate your credit card debt with something that offers lower costs, and therefore lets you focus on debt repayment.
It costs nothing to apply, and of course you only accept the loan offer if it’s going to be better than what you have now.
We know that some debts can be REALLY expensive!
- Your credit card interest rates can often be close to 20% and more
- Some store cards are even more expensive, with some like the GEM Visa offering some interest free terms but then they charge 25.99%
- Personal loans vary a lot, but many charge those high interest rates too.
- Plus the bank overdrafts charge high interest on any outstanding balances owed.
We recently helped a couple consolidate that debt that they had, and reduce their repayments from about $215 a week to $96 per week. They had a personal loan with their bank and were being charged 18.95%, they had two credit cards both on 20.25% and a Q-Card at 27.99% so it made a lot more sense to consolidate these debts into a new personal loan. Because of their situation and with some initial work to get the loan application right we were able to get them a loan at 9.90%.
It Costs Nothing To Do An Application
You really don’t want to be paying those expensive interest rates and there is something that you can do today.
It doesn’t take much to do an application as our processes are all online and very quick and simple too.
We often will consolidate that debt which you may have, and get you something much better.
You can apply for a smarter loan and we can get you an approval so you can see how much cheaper your lending can be.
Our Smarter Process
When we were researching the way people were applying for loans we discovered that we needed to adopt a smarter way of doing the loan applications to ensure that we get better success for the borrowers. This lead to use starting up this new brand known as Smarter Loans.
Many of the finance companies that provide personal loans will price the loans based on the profile of the borrower. This profile includes a number of factors to determine what interest rate they will charge and if your application is not accurate then you could end up paying more than you need to.
We use a lot of automation to make the process as simple as possible, but we have also added a manual review process that ensures that we can amend the applications when needed and this allows us to present them to our lenders better and ultimately get a better result for you.
Our process is smarter than most as we have linked automation to include a manual review.
It’s always about trying to get the best loan for you.
