Posts Tagged "Debt Consolidation"
Debt Consolidation Loans – A Case Study
In our day-to-day dealings with clients, we are often asked to give advice regarding debt consolidation, or specifically, debt consolidation loans. You may have heard the term mentioned on television, or in discussion with friends and family. So what is a debt consolidation loan? Should you consider applying for one? Sometimes, the best way to explain something is through example. We have provided a short case study to show exactly what a debt consolidation loan is, and how you might benefit from one. Consider the case of Carol… Carol is a 25 year-old retail assistant with $2,500.00 in credit card debt. The debt is spread over three different cards, and each card...
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Welcome to Beyond Debt’s first blog post. This site is about helping Australians work towards a debt free future. Specifically, this site is about helping people who are having difficulty with their debts, people who can’t imagine being debt free. Let me assure you there is life “Beyond Debt” (sorry but I had to do that). I want to make it clear that there are “good debts” and “bad debts”. A “good debt” is a debt for an asset that appreciates (goes up) in value; a “bad debt” is every other debt. Home loans, margin lending loans are “good debt.” Car loans, holiday loans, using...
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