Hi...I just wondering what people in HotCopper land think is the best why to consolidate personal debts
I have a number of credit card debts (mistake I know, do it once, lesson learnt, never again)
I am in the process of applying for a personal loan and consolidating all the debts into one monthly repayment instead of multiple monthly repayments. The interest rate on this loan will be 13.8%
I have also looked into alternatives like Fox Symes but the Chapter 9 leaves me feeling uneasy as the repercussions could last years ie. bad credit rating, difficulty in obtaining a home loan in the future etc.
What is the best way out of this financial mess I have created for myself ? Bankloan, personal loan, debt agreement, heaven forbid bankruptcy ? Should I see a finanical advisor, go to a Bank, finance company ?
I am grateful for any replys/advice...thanks
- Forums
- ASX - General
- debt consolidation
debt consolidation
-
-
- There are more pages in this discussion • 24 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Featured News
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online