Why debt consolidation?
Debt consolidation is a good idea when you are juggling multiple payments to different organisations. People who have had debt consolidation loans say they feel more in control of their finances. There are many benefits to combining all of your debt into one simple loan, but the most valuable benefit is that you know the date when you will be debt-free.
A debt consolidation loan can be set up for a term of up to 5 years depending on the amount of your debt. A debt consolidation loan may also offer you a lower interest rate so that you will save money.
What are people saying who have had debt consolidation loans?
My husband and I got a consolidation loan with NZCU South, and the experience was amazing – excellent communication, the price and interest were amazing. NZCU South is now our go to place for future loans or anything” Zoe
“The team member was confident and competent and ensured we received the best interest rate for our loan. Repayments were negotiated at a comfortable level for us. Excellent service. Highly recommended.” Bob
Discipline is the key to success
A debt consolidation is a good idea if you are disciplined enough not to get yourself into any more debt. Once you have paid off your debt consolidation loan, you will be debt free, and then you can focus on other financial savings goals.
Staying on track
It is a good idea to track your achievements on a regular basis so that you can see how much you have paid off and how much you still have left to pay. If you can pay a little extra off your loan, so you will become debt free quicker.
Debt consolidation is a good idea for people who want to sort their finances and feel in control of their finances. Tracking your spending will enable you to stay on track better and understand where your hard earned money is spent.
For more information about ‘when debt consolidation is a good idea’ or to apply for an NZCU South Personal Loan:
Complete the online application, and we will be in touch with a decision very shortly.
We will be in touch with you very shortly
Call Us 0800 Lend2U (0800 536 328)