Tired of being declined?
DON'T LET YOUR PAST GET IN THE WAY OF YOUR FUTURE, DEBT REWIND HAS FINANCE OPTIONS.
CREDIT IMPAIRED? wE HAVE finance OPTIONS
Debt Rewind work along side all sorts of brokers that deal in the 'credit impaired' space. Did you know that there are options for all sorts of finance even if your credit is not clean?
What is debt consolidation and how can it help you if you have poor credit?
Debt consolidation is a common way to manage your repayments and reduce debt if you have more than one account you're paying interest on.
You can reduce your many debts by moving them into one account which is less overwhelming. Many lenders require you to have a good credit history to take out a loan. However, there are lenders who will approve debt consolidation for those with bad credit.
At Debt Rewind, we have noticed that one credit card can become two. To help pay the bills on time you get a third credit card. Before you know it you're stuck on the default rate for multiple debts, that keeps you in debt for many years, costing you thousands of dollars in extra interest repayments.
This common scenario can often lead to a bad credit report if you miss a few payments here and there. At Debt Rewind, we can help you consolidate your debts into one easy payment, even where you already have bad credit from a few missed payments.
Debt Consolidation sounds great
But how much can it really save you?
The below table shows how Debt Consolidation can save your thousands per month per year and over a decade.
Your current Repayment Situation:
Your Situation after consolidating your debts:
YOUR money saved After Consolidating your debts:
The above scenario is based off a credit card rate of 3%, mortgage based off 4.20% variable rate and car loan based off 8% rate. All rates and figures are subject to change without notice.
Let debt rewind professionals
negotiate your debt
When consolidating your debts, Debt Rewind can often also help negotiate the amounts down by up to 40%*.
Another big advantage of debt consolidation through Debt Rewind is that our experienced staff can often reduce the amounts of debt that are owed to your creditors. If you have debts that may be in arrears, to the their limits or you have gone into hardship, Debt Rewind may be able to reduce the total owed sometimes up to 40%*.
When Debt Rewind takes care of negotiating your debts, it is possible to have your debts lowered by as much as 40%. For example, if you have $40,000 of debt owed to one creditor, after a negotiation that amount can be reduced to $16,000. Generally with this level of savings and negotiations, the creditors will only negotiate with professionals. There are many difficulties attached to the debt negotiation process, with the negotiation often being lengthy and complicated. With little experience in this area it is possible that negotiating by yourself could result in you accepting an amount that is nowhere near the amount the creditor could have successfully achieved. Consequently, it is often the best option to seek the help of professional debt negotiators.
If you would like to find out more on Debt Negotiation and if this is the right path for your individual circumstances, or you just want to speak to a experienced professional free of charge, please feel free to call 1300 09 10 11 or fill out this form to get a return call within 24 hours. Our staff are always happy to hear your story and help assist you in the best way possible to reduce your debt.
BENefits of CONsolidating your debts
Choosing the right credit repair company is very important. But what are the benefits?
1 Debt, instead of Multiple Debts.
Debt Rewind can help you consolidate unlimited amounts of debts, from Personal Loans, multiple Credit Cards, Car Loans, Business Loans, Payday Loans, Mortgages etc. into the one simple payment of a much lower rate.
Lower Interest Rate.
Most Personal Loans or Credit Card interest rates are close to 20% and or higher. When you consolidate your debts into your mortgage you will be paying interest on a mortgage rate which is anywhere from 4% to 9%. Saving you thousands per year.
Reduce Monthly Repayments.
When you have multiple debts per month to pay, the interest rate charged could range anywhere between 5% to 25%, but when you consolidate your debts into the one monthly repayment of your mortgage your debts across the board stay at a low home loan rate.
By consolidating all of your debt into one account, you will be able to significantly reduce your stress. Debt is one of the most common factors that is known to create stress. If you are constantly worried about debt, you will not be able to function well in other areas of your life. Taking out a debt consolidation loan can allow you to focus on what is important and stop worrying about your debt.