Hi all I'm after advice on combining my loans, at the moment we have 3 payments a month credit card, personal loan and a car loan. I am wanting to c if I can get all these combined into one loan to reduce the monthly costs but I rent so don't have any equity to offer. Does anyone know of a place that will combine these loans with no equity it's about $55,000 all up estimated that won't have huge interest added, our interest is around 14% on each of these now. I thought of my partners super but my husband doesn't get a centrelink payment and we are not in hardship so don't qualify as far as I'm aware. I just want to make our week to week easier as we live pay check to pay check and my husband works for himself so some weeks are good others not so.
2 Replies
Contact the bank where you have your credit card. My bank offered me a personal (unsecured) loan at a lower interest rate to my credit card. My debts were more than half what yours were but it's definitely worth talking to your bank first.
We did but they said no. Even though we can pay it back we didn't earn enough according to them to apply for such a large amount in the first place. Thanks for your reply