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Let’s Get Started!

Enquire below for a free debt analysis

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Consolidate Credit Card Debt

At Life After Debt ®, we can advise you on your options for credit card debt consolidation if bad credit seems to be heading your way.

Managing multiple credit cards, loans and mortgages can become complicated without a strategy. It only takes one missed payment to leave you with a bad credit history!  Thankfully, with Life After Debt ®, we can guide you through the process of credit card debt reduction if bad credit seems to be heading your way.

We can help you reduce credit card debt easily and efficiently by offering you affordable, practical financial solutions that are proven to relieve hardship. It may take some time to get used to and may require some budget cuts. In the end, choosing us to help with credit card debt could be the solution you’ve been searching for.

Steps to reduce credit card debt

As a guide, we’ve outlined some of the most affordable ways to consolidate and reduce credit card debt:

  1. Combine debts on a personal loan. Personal loan interest rates are generally lower than credit card rates. Switching to a personal loan could help by saving more in the long term whilst still paying off your credit card debt.
  2. Consolidate debt into your mortgage. Combining your mortgage with your credit card debt may increase your monthly repayments, however, it may also save you money in the long term.
  3. Transfer balances onto a low rate credit card. Many credit cards offer interest free terms. If you switch to a low rate credit card, this could make repayments more affordable for a short period of time. Beware of new purchases on these balance-transfer schemes though! The interest rate for new purchases can be much higher.
  4. Find ways to manage your credit card.  This starts with simple steps like reducing the number of credit cards you are using at one time, lowering your credit card limit and taking time to create a budget plan.

So, don’t put it off any longer. Let us advise you on debt consolidation and minimise the potential for bad credit. If you’re looking for credit card debt help and relief from your financial struggles, contact us today at Life After Debt ®. Wherever you are in Australia, we’ll provide you with a free consultation and assess your individual situation to find the best possible solution for you.