What is unsecured debt?
A debt with no collateral secured against it. In the event that the debtor defaults on the loan, there is no collateral to foreclose on.
Unsecured loans we can help with: Loans: Credit Cards Personal loans Payday loans Bank account overdrafts Some debt consolidation loans Money borrowed from friends or family (if electronic transfer/records kept) Disconnected services such as:
Phone contracts, electricity and gas bills, internet, Foxtel etc.
Rent / Mortgage:
Rental arrears/debt for previous property, Mortgage or car loan shortfalls (where the asset is sold for a loss).
Invoices or fees relating to:
Medical, Vets, Mechanics, Car accident debts, School fees, Solicitor, Lawyers, Business suppliers etc.
(so long as services are completed and no longer need to use that provider again). Government related debts:
Tax bills, Centrelink Overpayments.
Debts that are not able to be included: Child Support arrears Speeding fines, infringements, penalty notices, parking fines, toll charges, etc. Current radio rentals or rent to own agreements Current rental arrears or overdue bills Debts in another person’s name Council rates HECS/student loans NZ Inland revenue debts Mortgage Calculator
The Mortgage Repayment Calculator will show you how long it will take to pay off your debt. Choose from making the minimum payment, or a higher amount of your choosing. Also easily compare different scenarios.
You can afford to borrow:
Tip:This is the maximum, but plan ahead for interest rate rises (explore scenario below)