According to Reserve Bank of Australia data analysed by money.com.au:

• Australians held $21.55 billion in credit card balances accruing interest in August

• The average interest rate was sitting at 18.67%

That’s a lot of money going towards interest, particularly if you’re juggling credit cards alongside other personal or business debts.

But if you own residential or commercial property, you may have another option.

Consolidating multiple debts into a real estate-secured loan could:

• Simplify your repayments into one managed schedule

• Potentially reduce your interest costs, depending on the loan terms

#debtconsolidation #propertyequity #businessfinance

Looking for a way to reduce high credit card interest costs?

Direct Credit Home Loans offers real estate-secured debt consolidation for personal and business debts. Contact us on (07) 3726 1124 or email [email protected] for fast assessment and personalised service from our experienced team.