DEBT CONSOLIDATION LOANS

TAKE CONTROL OF YOUR FINANCES WITH A DEBT CONSOLIDATION LOAN

Do you have multiple debts at different places? A debt consolidation is combining all your debts into one simple, fixed or variable interest rate loan that is tailored specifically to your needs. It is great for helping you reduce your repayments, save money on interest and simplify your finances.

Rather than just going to your bank and hoping your application fits their individual guidelines, let Paleso research and find you the best loan for you across our panel of 32 different lenders.

Servicing all of Queensland including Rockhampton, Mackay, Bundaberg, Maryborough, Sunshine Coast, Coopers Plains, Caboolture, Slacks Creek and Coopers Plains - we are the Debt Consolidation specialists.

Paleso Debt Consol Loans

Why Choose Paleso?



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Consolidation Loans from $5000 to $55000

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Bank Beating Interest Rates

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Over 32 Different Lenders

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Same Consultant All The Way

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Fully Accredited and Trained

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Established Experienced Company

we make loans easier…

Paleso Debt Consolidation Frequently Asked Questions

Manage your debts by rolling them into one simple loan. Here are some common questions you should consider before making the decision to apply for a debt consolidation.

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  • What is Debt Consolidation?
    Debt consolidation is the process of applying for and obtaining a loan to put a number of different loans you currently have into a single loan.

    It can be an excellent way of better managing multiple debts like a personal loan, car loan and credit cards where you only have one repayment to make each month (or week or fortnight if you would prefer) instead of several payments at different times of the month.

    The main attraction for a debt consolidation though is there is also the potential for big savings on your monthly repayment and interest charges
  • What are the benefits of Debt Consolidation?
    There are many possible benefits to a Debt Consolidation if they are tailored to you and completed correctly.

    Only having one loan can be a lot easier to budget for and handle than many multiple loans with varying due dates and repayment amounts to remember.

    The biggest benefit of debt consolidation is the potential to save money. By putting your debts into one loan at a lower interest rate, it may provide big savings on the monthly repayments and cut hundreds or even thousands of dollars from your total repayment. Only having one loan could also reduce the ongoing fees and charges associated with each individual loan saving you even more.

    All of these savings can assist in you becoming debt free sooner.
  • Can you tell me if I should consolidate my debt?
    Absolutely, we can review your whole financial situation and give you an honest and fair assessment of whether Debt Consolidation is the best option for you.

    Debt consolidation can be a great option if you are juggling multiple debts or if you want to reduce monthly repayments and save money on your total interest bill.

    It is important to note though that Debt Consolidation isn’t the best option for everyone, in particular if you are unable to secure a consolidation loan at an interest rate that is lower than the debts you are putting together.

    A lot of people choose to consolidate debt into their home loan, but this needs careful consideration as well, as if the loan is taken over the standard 30 years that will significantly increase the amount of interest you might pay on the debt that you consolidate.

    To maximise the potential savings of debt consolidation, it is important to aim to have your loan term as short as possible and avoid taking on any other debt during the loan period or using credit cards again that were consolidated.

    It is also very important that you understand along with potential savings in interest and monthly repayments, debt consolidation loans can involve potential costs that must be taken into consideration. These may include :

    - Lenders application fees : fees charged by a lender to assess and initiate your application and loan. These can range from $150 to $495 depending on the lender that you are best suited to

    - Exit fees on the loans being consolidated : Lenders can charge fees or penalties for paying out loans early. It is important to be mindful of how much these costs are and take them into consideration when working out how much a debt consolidation loan can save you.

    - Brokerage Professional Fees : Brokers will often charge a fee in the loan for their professional services and time spent researching the best option for you, you will be told exactly what this fee is at the time of application.

    - Government Charges : Government duties and fees may be payable if you choose to secure the debt consolidation loan with a vehicle or your house.

    The best way to know if debt consolidation is the best option for you is to enquire or pop in and see your local Paleso office, they can quickly run through your personal financial situation and tell you what your options are and if it will beneficial to you, no obligation or hassle.
  • Why should I apply with you and not just go straight through my bank?

    Applying through us gives you the upper hand, by having us find the most suitable lender for your financial situation. Why go to your bank and hope you meet whatever guidelines they currently have when you can let us do the shopping around for you to make sure you get the best deal possible.

  • I don’t live anywhere near one of your offices, can you still help me?
    Of course, we can complete all of the required paperwork over the phone and email, but you will need to have access to a JP to finalise the contracts. We have completed loans for people from Tasmania, to Perth and all the way to Weipa!
  • What does it all cost?
    To set up a loan will have some costs associated with it. All financiers charge an application fee, some have ongoing account-keeping fees, some have early exit fees. The fees vary between lenders, and also between states. Other costs that you may incur are PPSR fees, GST, Luxury Car Tax, and in some cases a fee from us for obtaining the loan on your behalf. Before your application is submitted to any lender, we email you with a summary of the fees that would be payable if the loan is approved. Of course, if you decide not to proceed or are unsuccessful, there is no cost what so ever for the assistance we have provided.
  • Is the interest rate you can offer me competitive?
    Due to the large volumes of loans we write each month, we have premium access to all the major broker compliant financiers in Australia. Not only that, our service is second to none, and we do all the research on each individual deal before sending any applications to a financier. Why not get a quote to find out?
  • I have defaults on my credit file, can you still help me?
    We often help people who have had some trouble in their past. We will always try and offer the most competitive offer possible. If you have had issues such as Defaults, Judgments or Bankruptcy on your credit file, we will access a specialist risk lender. Risk lenders take into consideration the good things that you are doing now, rather than focusing on the troubles of the past. However, as the finance is deemed to be of higher risk, the interest rates are often higher than ‘Prime’ lending options. Contact us to see what we can offer.
  • Can you process my application and get me an answer and then i’ll provide my supporting documents like payslips and bank statements?
    No, as part of the NCCP act guidelines, prior to submitting the application to any lender we are required to ensure you are able to comfortably afford both the loan repayments and your living expenses. It could be as simple as providing your last payslip with your Year To Date earnings displayed on it and using our bank statement portal to send us 3 months of your bank statements. If you don’t get a payslip we can often use your last 3 months bank statements or a recent lodged tax return and notice of assessment from the ATO instead. Debt consolidations will often require 3 months statements for the debts being refinanced. We will require this documentation prior to submitting the application for you. If you have any situation out of the norm, just call or chat to us now and we will see what we can do.

If you think a debt consolidation loan might suit you, talk to us today.

BRANCHES
Find the Branch closest to you
  • Rockhampton

    Address : 1/248 Musgrave Street, North Rockhampton QLD 4701

    Postal : PO BOX 490, Rockhampton QLD 4700

    Phone :
    1300 326 658
    Fax : 0749269780

    Email :
    rockhampton@paleso.com.au

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  • Mackay

    Address : Mortgage Choice House, 133B Victoria Street, Mackay QLD 4740

    Postal : PO BOX 1441, Mackay QLD 4740

    Phone :
    07 49512060
    Fax : 0749572777

    Email :
    mackay@paleso.com.au

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  • Bundaberg

    Address : 8/9 Maryborough Road, Bundaberg QLD 4670

    Phone :
    07 4151 5954
    Fax : 07 4153 3988

    Email :
    bundaberg@paleso.com.au

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  • Maryborough

    Address : 208 Island Plantation Road, Island Plantation QLD 4650

    Phone :
    0417 596 207
    Fax : 07 4122 2130

    Email :
    maryborough@paleso.com.au

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  • Hervey Bay

    Address : 65 Boat Harbour Drive, Hervey Bay QLD 4655

    Phone :
    1300326658
    Fax : 07 49269 780

    Email :
    herveybay@paleso.com.au

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  • CABOOLTURE

    Address : 4/260 Morayfield Road, Caboolture QLD 4506

    Phone :
    07 5433 0088
    Fax : 07 5495 5201

    Email :
    caboolture@paleso.com.au

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  • COOPERS PLAINS

    Address : 831 Beaudesert Road, Archerfield QLD 4108

    Phone :
    0439908208

    Email :
    coopersplains@paleso.com.au

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  • SLACKS CREEK

    Address : 6 Aranda Street, Slacks Creek QLD 4127

    Postal : PO BOX 3, WELLERS HILL QLD 4121

    Phone :
    1300 878 488
    Fax : 1300 878 639

    Email :
    slackscreek@paleso.com.au

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  • NORTH LAKES

    Address : 1 Burke Crescent, North Lakes QLD 4509

    Phone :
    0418 725 516
    Fax : 07 3881 3529

    Email :
    martyn.phillips@paleso.com.au

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  • SUNSHINE COAST

    Address : 663 Nicklin Way, Wurtulla QLD 4575

    Phone :
    07 5437 8411
    Fax : 07 5493 5277

    Email :
    sunshinecoast@paleso.com.au

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ABOUT US
Information about Paleso Finance Group

Paleso Finance Group are local Queensland based Finance and Insurance Brokers. We offer credit assistance services via our branch network as well as over the phone and internet to consumer and commercial clients looking to purchase large ticket items such as Cars, Bikes, Boats, Caravans. We also assist with personal loans to help fund other life events like holidays and medical costs. We act as an intermediary between yourself (the consumer) and the most suitable lender for your profile and request.

Russell Parker Consulting Pty Ltd ATF The Nosey Trust T/AS Paleso Finance Group.

ABN: 50 089 326 812
Australian Credit Licence # 376853

Phone: 1300 326 658
Email :
info@paleso.com.au

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