When sitting down with clients and discussing their financial situation, I\’m

continually amazed at the amount of personal (bad) debt that people carry these days.

Their lifestyle is suffering because their cash flow situation is extremely tight.

This is due to the fact that most of their incomes are going towards paying interest

on loans.

I have seen clients with upto 8 unconcolidated debts (credit cards, personal loans,

car loans etc) as well as clients with over $30,000 sitting on their credit cards !

If you are in a situation where you do have unconsolidated personal debt, please look

at consolidating it onto your home loan. You will be much better off paying interest

on the personal debt at 7% rather than on credit card rates of 16%. This saving in

cashflow will help you reduce the principal on the debts a lot quicker !

To find out more about debt consolidation, visit www.crownhomeloan.com.au