By consolidating your finances under one home loan you can potentially: Be mindful that with a home loan top-up your mortgage repayments are likely to increase.
That means repayments are calculated so that at the end of the loan period your debt is cleared.By combining multiple debts into one easy to manage personal loan you can potentially: Read more about our personal loans.This is generally the best option for consolidating credit card debt.By transferring multiple balances from non-Westpac credit cards or store cards into one low rate credit card you can potentially: This option requires good discipline as there is no set repayment amount.See au for useful information on managing your debts.
Free financial counselling and free legal advice is also available. Loan consolidation can save you money if done right. There are 15 references cited in this article, which can be found at the bottom of the page.You can consolidate using a personal loan or a balance transfer credit card.If you consolidate student loans, you have other options.In both cases, you will likely end up incurring more interest over the long term compared to other options. If you are finding your debt difficult to manage, the earlier you take action the better. Some of the ways we may be able to help Westpac customers include: If you are a Westpac customer and experiencing difficulty making your loan or credit card repayments, please call Westpac Assist on 1800 067 497.