MoneyHub’s re-launched guide to debt consolidation loans helps explain the benefits of combining debts into one loan. For homeowners, the guide explored the option of a revolving mortgage facility which can work out to be significantly cheaper than a new loan.
MoneyHub’s Senior Researcher Christopher Walsh said:
Piling up debts cause massive stress for households of all income levels, and sometimes it can feel near-impossible to get on top of. With household borrowing at record levels, making debt affordable and manageable has never been more urgent.
Interest rates are at record lows, and while unsecured debt rates havent dropped like mortgage rates, the array of dent consol…
Read the full article at: https://www.scoop.co.nz/stories/BU2011/S00498/debt-consolidation-loans-compared.htm
