Are your debts causing you stress?
Falling behind on your debts can be stressful – the constanct calls from creditors and sleepless nights. Losing control of your finances can make you feel anxious, depressed and generally stressed.
Struggling with your finances is not uncommon. In the latest Census data, disposable income was found to be the lowest amongst couples with children, those aged over 65 and those living alone. Getting into financial trouble can happen to anyone – retrenchment and job loss, unexpected financial demands and just bad luck can all contribute.
The good news is that you can do something about it!
If you have a number of debts attracting different interest rates – like credit cards, loan repayments or overdue bills - you should look into Debt Consolidation.
Debt consolidation allows you to pool all of your debts into one. The two most common ways to consolidate your debt are:
- A Debt Consolidation Loan – this allows you to effectively get one large loan, to pay out all your smaller debts. This means you will just have the one payment to manage.
- A Debt Agreement is another common option that rolls all of your debts into one, giving you one regular payment and stopping further interest on these debts.
Find our more about debt consolidation
with Safe Financial
A mini loan is another option if your debts are relatively small and can be managed with a single payment of up to $5,000. Mini loans are just what they sound like – small loans of between $1,000 and $5,000 that can be funded on the day of application. Repayment terms are flexible with a choice of terms.
It’s important to note that a mini loan is still a loan and will attract interest. You will find that getting a mini loan can be much easier than trying to get a larger loan or credit card from the mainstream financial institutions.
Find out more about mini loans
with Safe Financial.
Business Finance – Invoice Factoring
If you are in business then your issues and concerns will be different. Many businesses encounter issues with cash flow – often due to slow payment of invoices from customers. One way to release the value of invoices is to use invoice factoring.
Invoice factoring allows you to receive funds from your invoice as soon as your invoice is issued – providing you with the cash immediately rather than waiting for the 30 – 60 days for payment by your customer.
Find our more about invoice factoring
with Safe Financial
WIN your power bill paid for a year!
For the months of July and August we are giving you the chance to have your power bills paid for a year*, simply enquire about debt consolidation and tell us in 25 words or less why you would like your power bills paid for a year and you will be in the draw. *See competition terms & conditions
Enquire now and go in the draw to win!