START HERE
Get a free car loan eligibility assessment and compare offers tailored specifically to your circumstances.
Loan Amount:
$
Postcode:
All finance quotes are provided free (via our secure server) and without obligation. We respect your privacy.
Any Purpose
New car purchase
Used car buyers
Refinancing
Private sale
Dealer purchase
Any Situation
Refused by Banks
Self-employed
Bad Credit History
Low/No Deposit
No Savings History
Ex-bankrupt
All Features
Secured Car Loans
Unsecured Finance
Vehicle Leasing
Hire Purchase
Chattel Mortgage
Major Banks
Non-bank Lenders
Lo/No-doc Loans
Knowledgebase
Debt Consolidation:
A means empoyed to renegotiate debt. By combining loans and outstanding bills, a person can consolidate debt with a single financial institution resulting in a single monthly repayment.
Car Loans Australia :: Articles

Car Loans Australia Articles

Guide To Personal Loans For Debt Consolidation

You can qualify for personal loans for debt consolidation even with bad credit. In fact, debt consolidation loans are meant to help people with bad credit rebuild their credit scores and get back on their feet financially, so these are some of the best personal loans around for people with credit problems.

You'll find many more lenders willing to work with you to get bad credit loans guaranteed approval if you're looking to do it to get your debt consolidated. Sometimes, this can even be in the form of an instant loan that you get the same or next day. If you're looking for personal loans for debt consolidation, here are some good sources that can work for you.

The Best Personal Loans for Bad Credit

If you have a lot of debt, you probably have bad or at least damaged credit. Getting personal loans for debt consolidation will help you get out of that debt quagmire and rebuild your credit rating if you use the money correctly.

Most lenders know that if you want a debt consolidation loan, you're looking to rebuild your credit and establish a more responsible financial life for yourself, and so they are more willing to work with you.

These are the best personal loans you can get in a bad credit situation, because they are usually also the most generous and have the lowest fees associated with them.

You may be given a lump sum and it is up to you to pay off your debts with it; then you make monthly payments on the amount loaned to the loan company. Or, the lender may pay your debts for you and then give you any remaining proceeds from the loan amount to do with as you wish, and you still make monthly payments to the lender.

It all varies from lender to lender, but these loans are like gold to people who need to consolidate their debt. Look for debt consolidation lenders who specialize in this type of loan to fund you.

Instant Loan Equals Quick Debt Pay-Off Personal loans for debt consolidation are often instant loans. You can get them the same or the next day. This makes paying off debts quick and easy.

You can get out from under the burden of many different debts and have a wonderful feeling of freedom from these instant loans.

They are high risk loans, but usually don't come with the high interest rates typical of other high risk loans, because they are being used for a responsible financial purpose.

Once you've paid off your debt, you simply have one monthly payment that is typically reasonable to pay to the lender, and once that is paid, you're out of debt. It's no wonder these are the best personal loans for people with bad credit.

Bad Credit Loans-Guaranteed Approval

While bad credit loans are never completely guaranteed unless specifically advertised, you can be reasonably sure that you can get a debt consolidation loan even if your credit is bad in most cases.

It all depends on the lender. If you can't find a lender willing to work with you at one place, keep looking, because there will be a lender who WILL work with you in 99% of cases.

If you need personal loans for debt consolidation, your options are much clearer and plentiful than if you simply needed high risk loans for frivolous or non-debt consolidation reasons, so use the resources available to you.


Finance Articles

Credit Cards: Reasons Why Your Credit Rating May Drop
Credit rating plays a very important role in determining the creditworthiness of an individual. Most people, however, face the dilemma of having low credit rating.... read more

Home Loans: Hot tips for borrowers
Buying a home is one of life's biggest purchasing decisions for most Australians. Here are 27 ways that can help you save big money on your home finance ... both before... read more

Credit Card Secret Guarantee
Most people use credit cards in some form or another but few truly appreciate one of the special features of credit cards that make using their credit card to insure... read more


Finance News

Personal Loans to help Australians in need: FSO
Oct 29 :: As Australia prepares to clean up following devastating fires and floods, Financial Services Online CEO, Andrew Clark, has announced a package of personal finance solutions... read more

Small business loans to help Aussie businesses through tough times
Nov 27 :: Financial Services Online has today announced a new credit facility for Australian business customers who are seeking loans for amounts of up to $10,000 with minimum... read more

Police issue warning about bank scam
Nov 20 :: Melbourne police are warning people about a scam in which fraudsters pose as bankers and ask for money.They say they cold call customers and tell them they... read more