Debt consolidation consolidating debts debt consolidation
You can also visit your nearest CBA branch to speak with someone in person.
Both can lead to lowering payments but are completely different ways of dealing with debt.
The interest rate on one card may be significantly higher than the others – and if the highest rate is on the card with the ,500 debt, you could be paying plenty each month just to cover the interest, let alone paying down the debt itself.
One option you have to consolidate your debts is to take out a single personal loan to pay off each credit card and any outstanding interest.
You can also email at any time to [email protected] Unsecured personal loan repayment terms range from 1 to 7 years.
Interest rate ranges and representative examples are: Based on an unsecured loan of ,000 borrowed for 5 years with the minimum interest rate of 13.9% p.a. comparison rate), the estimated total amount payable including fees is ,540; and with the maximum interest rate of 18.9% p.a. comparison rate), the estimated total amount payable including fees is ,344.