Feel like your multiple debts have gotten a bit messy lately? Well, it could be time for a spring clean!
Managing multiple debts can be tricky, from making car or personal loan repayments to paying off your credit card. But thats where a debt consolidation loan can make life a little easier (and likely cheaper!).
But are debt consolidation loans really that popular? To put it simply, yes they are.
According to online personal loan lender SocietyOne, about half (50%) of their loans taken out each month are for debt consolidation, with the average loan sitting at around $20,000.
SocietyOnes chief marketing officer, Nicole Avery breaks down how it all works.
Say you have a credit card (or a few of them), store cards and perhaps an existing car…
Read the full article at: https://mozo.com.au/personal-loans/articles/debt-consolidation-loans-a-popular-way-to-dust-away-debt-says-societyone
