A re-contribution strategy involves the withdrawal of a lump sum from your superannuation which you then re-contribute back.
By Nicky Turano - Lending Specialist
The excesses of Christmas and the draw of the New Year sales may mean you’re starting the New Year facing a debt hangover. With maxed out multiple credit cards and expensive personal loans you may be struggling to make extra payments on top of all your usual expenses.
Rather than having to juggle months and months (if not years) of this debt, you can take charge in 2012 by consolidating all your debts.
One loan and one repayment to manage
Rolling all your debts into one debt consolidation loan means you'll just have one regular monthly repayment to manage, so you don't need to make multiple payments to individual creditors at different rates of interest on different days of the month. With debt consolidation your funds are disbursed to all your creditors on your behalf.
You'll be saving yourself a lot of effort and paperwork; and you can look forward to becoming debt free sooner.
Furthermore, things like late payment fees, defaults and penalty charges – all which have a negative impact on your credit rating - can be eliminated. Once you consolidate your debts and all your accounts start getting paid off on time, your credit rating will improve.
At Countplus mbt we can guide you through the debt consolidation loan set up process and assist with the paperwork to help you close existing accounts. Once your loan is approved, we can issue payout payments to credit providers on your behalf.
For a limited time, we can offer a solution of unlimited debt consolidation up to 90% loan to value of property ratio with rates from 6.49%. This includes credit cards that have reached their limits and expensive personal loans.
We can also help you if ATO issues are presenting a problem to your lending ability.
To start 2012 on the right footing, please give the finance team at Countplus mbt a call to discuss how debt consolidation can help you take control this year. We can design a repayment plan that suits your budget and lifestyle.