Debt consolidation In the process of debt consolidation, varied unsecured debts such as medical bills, credit cards, payday loans, personal loans etc. are combined to single bill. Ourmoneymarket.com offers innovative debt consolidation solutions. All your payments are combined to one probable monthly payment with our debt consolidation solutions. This helps in elimination of mistakes and avoids the problems of late payments or wrong amount. For all those who are in search of debt consolidation Australia can rely on our services. We offer best solutions of debt consolidation to all those who find it difficult due to several personal loans and credit cards. You can get the product meeting your specific needs from the all-embracing financial services offered by us. Debt consolidation loan: In place of the hassle of making several payments to various creditors, you can provide single lender with one payment with the help of Debt consolidation loan (DCL). The interest rate of debt consolidation loan is fixed and it is often lower compared to the one paid by you. This makes debts repayment easy and your monthly payments are also reduced. Debt consolidation loans are of different types such as personal loans, loans of home equity, credit cards balance transfers on zero interest, student loans etc. The tracking of finance becomes easy as your wide ranging bills are bundled by this recognized way into one single payment. One can also take holiday loans for several types of holidays and the rates are condition dependent. Debt financing: Both secured as well as unsecured loans are covered in debt financing. A type of collateral is involved as the security that can serve as an assurance of loan repayment. In case of any type of default by the debtor on loan, the debt payment is satisfied by forfeiting this collateral. The lender could be offered with one of the following type of security: Guarantors: an agreement is signed by them that state the guarantee of loan payment by them. Co-makers: basically the principles having responsibility for paying the loan Accounts receivable: as soon as shipment of goods takes place, these allow banks to spread 65-80% of the value of receivables. Real estate: either private or commercial, accessed value’s 90 percent could be counted in this. Equipment: for a loan, 60-65% of the value is provided by this as collateral Securities: for a loan repayment, the companies held publically are allowed to offer bonds and stocks in the form of security. Deposit certificate or savings account: for the purpose of loan security, this could also be used. Display merchandise: via the process termed as floor planning, loans could be secured by using things like cars, furniture, electronic equipment etc. Warehouse inventory: of the loan amount, 50 percent is secured by this. Chattel mortgage: when collateral is some type of equipment- on the basis of something that is less than the existing value of the equipment, loan is made by the lender. Till the tome of loan repayment, the mortgage is hold by the lender. Insurance policies: for the amount as good as 95 percent of cash value of the policy, these can be taken as the collateral.
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