Archive for the ‘debt consolidation’ Category

Budgeting is one of those things that we all know we should be doing. Unfortunately,

the honest truth is that 98% of us don\’t do it properly and as for the 2% of

Australian\’s that do budget well …..they aren\’t very much fun at parties !

The key to setting a budget and actually sticking to it is one of Self Discipline.

Self Discipline is defined as \’doing what needs to be done, when it needs to be done

regardless of whether or not you feel like doing it.\’

Hence, why we are all so hopeless at it ! Especially when you have guys like Mr

Harvey Norman throwing interest free deals at you day in-day out, your desire for the

latest plasma TV or couch becomes too much to resist, and our self discipline goes

out the window.

We as Australians, have gone from living in a \’savings\’ based society to what is now

a \’credit\’ based society. What I mean by that is, back in \’the good old days\’ if our

parents didn\’t have the cash or savings to buy something (a car for example), they

wouldn\’t buy one. Whereas these days, if we don\’t have the cash or savings to buy

something we will simply go and put it on credit just so that we can fulfill our need

for short-term gratification.

There are 2 secrets to budgeting, and they are simple:

DON\’T USE CREDIT CARDS
KEEP YOUR SURPLUS OUT OF SIGHT (and therefore out of mind)
When you use credit cards, all you are doing is spending money that you don\’t have.

We as humans all think the same, and I know from my personal experience that if I

have $500 in my bank account, I will spend $500. I also know that if I have $2,000

in my bank account I will spend $2,000. It is just the way that our minds work……

In regard to the 2nd point – \’keeping your money out of sight and out of mind\’, this

really comes down to your banking structure. I recommend that all of my clients have

a seperate \’living account\’ in which all their food, fuel and bills money is

deposited into by their payroll office each pay day. They then have another account

setup for them, which is not directly accessible. They have their payroll deposit

the remainder of their income into this 2nd account where all the surplus money will

accumulate. Note: I personally advise all of my clients to use their home loan as

this 2nd account because they can\’t directly touch it or see the surplus, and it also

goes to work for them by off-setting the interest payable on their mortgage each day.

By following these 2 simple steps it will just about be impossible for you to spend

more than you earn, and you\’ll accumulate a very healthy surplus in your mortgage

account, where it can just sit and work for you until you REALLY do need it.

Begin Considering these debt consolidation Techniques today.

I have been speaking with a few clients over the past week about the benefits of Debt

Consolidation. It is a technique that is really well known throughout the US, but not

so many people are familiar with it here in Australia. I thought I\’d share some of

my views on it with you.

By simply rolling a number of your smaller individual debts such as credit cards,

personal loans and car loans into the one loan it actually allows you reduce your

monthly debt repayments quite substancially. By getting your credit cards (16%), AGC

Cards (24%), Car Loans (11%) and Personal Loans (11%) all onto a lower interest rate

of approximately 7% the money you save is mind blowing.

As an example, rather than paying 16% on a credit card which is maxed out at $5,000,

you can consolidate it onto your home loan. The saving is around $37 per month in

interest repayments. That may not sound like a lot in savings, but keep in mind

interest is charged daily, so that is a saving that compounds each and every day of

each and every month.

This debt consolidation technique allows you to knock more money off of the principal

each month, as you are now paying at least HALF the amount of interest on the debt.

By utilizing debt consolidation you will end up having all of your debt under the one

loan with just the one, low simple monthly repayment.

Many Australians are so highly geared at the moment, that they are only living a week

or two ahead of the debt collector. As interest rates continue to rise over the next

year, the average Australian will be feeling the pinch.

In summary, debt consolidation is evolving as a clean and simple way of restructuring

your finances onto a more effective and efficient financial set-up.

The consolidating of your credit cards, personal loans and car loans onto your

mortgage will be the best decision youll ever make.

You will save thousands of dollars in interest repayments and free up some much

needed cash flow.

Our debt consolidation specialists are able to let you know exactly how much time and

money they can SAVE you by consolidating all of your existing debts and putting them

under the one roof.

With just one monthly debt repayment to worry about, your life will be far less

stressful and your money problems will disappear.

An example of a standard debt consolidation client:

Home Loan $200,000 $1,400 per month repayment
Credit Card $15,000 $450 per month repayment
Car Loan $20,000 $445 per month repayment

TOTAL $235,000 $2,295 per month repayment

After the Debt Consolidation $1,565 per month repayment

A massive SAVING of $730 per month in repayments

To find out how much money we can save you, contact one of our debt consolidation

specialists NOW!

Do you have hundreds of dollars going out each month just in interest repayments?

Consolidate all of your loans today and save money!

- Are you paying too much for your loans?
- Reduce your monthly payments by up to 40%
- Only one easy loan payment per month

Debt consolidation is the solution!

When you consolidate your debts, you will be left with the One loan + lower interest

rate + smaller monthly payment = save money.

The key to consolidating all of your debts is to get them all onto the lowest

interest rate possible. When you owe money on credit cards, you are being charged

interest at 16%. The amount of money you end up paying back to the bank in interest

is disgusting.

You must get your credit card debt onto home loan interest rates, and you can do this

by consolidating your personal debts onto your home loan.

Why ?

Because interest is only charged at approx. 7% on your home loan.

The money you save in interest payments will actually be reducing your principal!

To have one of our qualified debt consolidation specialists contact you click here

NOW!

Debt Consolidation is becoming extremely common these days for the average Australian

family.

As people spend relentlessly on their credit cards each week, they always have the

intention of paying them off at the end of the month.UNTIL a large unexpected expense

pops up and has to be paid for on the credit card, and then believe it or not

something else breaks or needs replacing and the vicious cycle starts.

Does that sound familiar?

By this stage the debt has ballooned out on the card and we are unable to pay it out

in full for that month and the next month and so on.

If you are in this situation, the best way out of it is to consolidate your debts.

You must payout all of your credit card debt (which incurs interest at approx.16%)

and put in onto your home loan at approx. 7%

Our qualified home loan consultants can show you exactly how much time and money you

can save by consolidating your debts.

An example from one of our clients:

Home Loan $208,000 Repayments: $1350 per month
Credit Card $15,500 Repayments: $450 per month

Once you consolidate your credit card and your home loan:

Total Debt: $223,500 Repayments: $1,400 per month

SAVING $400 per month ($100 per week)!

To have one of our qualified debt consolidation specialists show you how much money

we can save you and your family, click here NOW!

http://www.debtconsolidationsa.co.za – Apply online for all your debt consolidation requirements

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debt consolidation is one of the fastest growing markets in the Australian home loan

industry. This is due to the fact that we are continually spending money that we DONT

have!

As your bad personal bad debt increases (credit cards, store cards, personal loans

and car loans) so does the strain on your cashflow and family budget. A result of

these tightening it increases your stress levels and decreases your standard of

living.

So how do you fix it?

Debt Consolidation & Money Management techniques are the answer!

By consolidating your debts into the one loan you are going to save thousands of

dollars in interest each and every year.

One our leading home loan consultants will be able to show you exactly how much money

you can save by consolidating your credit card and personal debts in the one loan.

An example from one of our clients situation before and after they talked to our home

loan consultant:

Before:
DEBT REPAYMENT

$15,000 Credit Card $450 per month
$20,000 Car Loan $445 per month
$200,000 Home Loan $1,400 per month
$235,000 TOTALS $2,295 per month

After:
DEBT REPAYMENT
$235,000 $1,565 per month

A massive SAVING of $730 per month !

To have a home loan consultant show you exactly how much money they can save you by

consolidating your debts click here NOW!

Debt Consolidation is simply the rolling of a number of smaller individual loans such

as credit cards, personal loans and car loans into the one debt. The consolidation

of debt actually allows you reduce your monthly debt repayments quite substancially.

This is a direct result of getting your credit cards (16%), AGC Cards (24%), Car

Loans (11%) and Personal Loans (11%) all onto a lower interest rate of approximately

7%. So rather than paying 16% on a credit card which is maxed out at $5,000 for

example, you can consolidate it onto your home loan and the result is a saving of

around $37 per month in interest repayments. That may not sound like a great deal in

savings, but keep in mind interest is charged daily, so that is a saving that

compounds each and every day of each and every month.
This debt consolidation technique allows you to knock more money off of the principal

each month, as you are now paying at least HALF the amount of interest on the debt.
Debt Consolidation results in all of your debt being under the one loan with just the

one, low simple repayment to make each month.
The average Australian’s finances are setup by the banks. The banks prefer their

clients to have a very inefficient loan structure, as the longer they are in debt the

more profit (interest) they will be able to make out of the client. The majority of

Australians have at least 2 outstanding debts to repay each month, traditionally a

home loan and some sort of personal debt. By consolidating these debts you will end

up with a very streamlined and effeicient loan structure with one small simple loan

repayment.
It will give you a tremendous amount of ‘peace of mind’ as you’ll feel a massive

weight has finally been lifted off your shoulders. Just knowing that you only have

one low debt repayment per month instead of 2, 3, 4 or even 5 can relieve enormous

amounts of financial stress.
Debt consolidation is evolving as a clean and simple way of restructuring your

finances onto a more effective and efficient financial set-up. Many Australians are

so highly geared at the moment, that they are only living a week or two ahead of the

debt collector. As interest rates continue to rise over the next year, the average

Australian will be feeling the pinch. To alleviate some of the financial pressure I

can only suggest you sit down with one of the home loan consultants at Crown and let

them show you the benefits of Debt Consolidation.

When sitting down with clients and discussing their financial situation, I\’m

continually amazed at the amount of personal (bad) debt that people carry these days.

Their lifestyle is suffering because their cash flow situation is extremely tight.

This is due to the fact that most of their incomes are going towards paying interest

on loans.

I have seen clients with upto 8 unconcolidated debts (credit cards, personal loans,

car loans etc) as well as clients with over $30,000 sitting on their credit cards !

If you are in a situation where you do have unconsolidated personal debt, please look

at consolidating it onto your home loan. You will be much better off paying interest

on the personal debt at 7% rather than on credit card rates of 16%. This saving in

cashflow will help you reduce the principal on the debts a lot quicker !

To find out more about debt consolidation, visit www.crownhomeloan.com.au

Non-profit debt consolidators work for credit card companies. Learn about non-profit debt consolidation from a registered financial consultant (RFC) in this free personal finance video.

Expert: Patrick Munro
Contact: www.northstarnavigator.com
Bio: Patrick Munro is a registered financial consultant (RFC) with outstanding sales volume of progressive financial products and solutions to the senior and boomer marketplace.
Filmmaker: Reel Media LLC

Duration : 0:1:4

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