Not ideal for debt consolidation

Published 7 Aug 2020

Though using a personal loan for credit card debt consolidation may seem like a reasonable financial decision, you end up moving unsecured debt over to secured debt. This means putting more collateral at risk to pay for debts you couldn't afford to service in the first place.

As seen on

Media - The Sydney Morning Herald
Media - Yahoo Finance
Media - News.com.au
Media - Daily Mail Australia
Media - Australian Fintech
Media - Dynamic Business