Score Up in conjunction with Wardle Consultancy Services Pty Ltd are linked with a number of brokers and lending companies and therefore can help take the hard work out of applying for a loan.

We can liaise with all lenders or broker firms to ensure that all aspects of your application are covered to ensure that prior to the loan being submitted you meet all responsible lending criteria in accordance with Australia’s governing laws and your Credit Report issues will not hold you back.

Debt consolidation can help bring all your existing debts together into one loan, offering you greater control of your financial situation.

One common way to do this is by taking out a new personal loan and using the funds to pay off your other existing debts.

You can then pay back this new loan with a single set of repayments over a set term, giving you peace of mind that you know exactly when and how much your repayments will be.

For example:
You have two different credit cards with debts of $8000 and $3000 each, and a personal loan with a debt of $11,000. Each of these debts will likely have a different interest rate, repayment amount and due date, making it challenging to stay on top of them all and pay them on time.

To help simplify your financial situation, you can consolidate all these debts into one personal loan. This allows you to have just one set of recurring repayments to make over a set term, with a single interest rate (not multiple interest rates).

If the interest rate on the personal loan is lower than your existing debts, this can also help you get ahead in reducing your overall debt and reducing your monthly repayment.