3 months of freedom
Many Australians now carry a heavy burden of debt. Debt has become easier to get into in recent years, with some lenders offering a higher limit on your credit card or an extended home loan, sometimes even without you asking.
As a result, it's also easier to over-extend yourself. On top of that, managing your payments for credit cards, store cards and personal loans, all charging different interest rates, can become a complicated process.
Use consolidation to break your spending cycle
If you struggle to manage your debts, rolling all your loans and credit cards together into a single loan can be a very attractive alternative, particularly if you use a debt consolidation loan to break the cycle of spending more than you earn and getting into excess debt in the first place.
Many financial institutions promote interest-free credit card balance transfers at this time of year and, while this may be cost effective for a short “honeymoon” period, it is very important to check and see what the interest rate reverts to after the initial interest free period. Another problem with such offers is that there is always the temptation to re-use the credit card and you end up with the exact same amount of debt as when you started.
The Community Mutual Group is aware of these traps and is offering its members the opportunity to take out a debt consolidation personal loan and make no repayments for the first three months of the loan.
By rolling a number of existing debts into one debt consolidation loan you will get a regular repayment plan that, provided you make your repayments, will help you break your overspending cycle. Plus, to get you started on your way to financial freedom, we will allow you to make no repayments for the first three months of your loan.
Our personal loans are competitively priced and have no monthly account keeping or service fees. There is no penalty for repaying your loan early, which means you have the freedom to make additional payments whenever you have some extra money. Even better, if you find out that you need some of the extra money that you paid off your loan you can redraw your advance payments at any time.
Applying for a debt consolidation loan is quick and easy. You can call us on 1300 132 067, visit your local branch or apply online at www.communitymutual.com.au. But be quick, as this unique offer to consolidate your debts and enjoy three months of freedom is available for a limited time only!
The Community Mutual Group is a trading name of New England Credit Union Ltd, ABN 21 087 650 360 : AFSL 241167. * Terms and conditions apply. Fees and charges apply. Normal New England Credit Union lending criteria apply. Minimum Personal Loan redraw is $200. A $10 fee is charged for each personal loan redraw.
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