Consolidating home and personal loans

While it’s true that you can’t borrow your way out of debt, consolidating all of your high interest loans into one debt consolidation loan through Prosper with a great rate could save on the amount of interest you’re charged on your debts each month.Plus, debt consolidation loans through Prosper have a fixed interest rate, and your loan principal goes down as you make your loan payments—so you can stop your high interest credit card debt from spiraling out of control.At Westpac, we offer three ways to consolidate debt: A personal loan can be a good option to consolidate a range of debts.The main benefit of a personal loan is that it has a fixed term.IMB has a growing branch network throughout the Illawarra, Sydney, NSW South Coast, the ACT and Melbourne.We have a lending specialist in every branch and a team of mobile lending specialists who will come to you.

Different amounts and terms will result in different comparison rates.Please seek your own financial advice in considering the best way to manage your debt.#This comparison rate is based on a secured loan amount of ,000 and a term of 5 years.Prosper’s online electronic payment system lets you manage your entire consolidation loan directly and with ease.If you’re making the minimum monthly payments on credit card debt, chances are you’re mostly paying the interest, and not paying down the actual principal by much. And if you miss payments or exceed your limit, your credit card interest rates can go up.

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You can use our Budget Planner to work out how much you can realistically afford to repay each month.

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