Credit card or personal loan to consolidate debt

In recent times, the advent of the balance transfer low interest credit card (in some cases zero percent for the life of your credit card debt) has seen credit cards compete with personal loans as a form of debt consolidation.

Personal finance on the rise

The Australian Bureau of Statistics (ABS) has released figures for October showing that the total personal finance commitments rose by 7.7%.

Personal loan uses

A personal loan is taken out for different reasons. Whether you want to buy your first car or want to take a well earned holiday, a personal loan is an easy and quick option to get finance to make your dreams come true.