The LendConnect team in the month of August 2022, wrote over $1Million in loans for Australian families in helping with Debt Consolidation. With an average loan amount between $20K and $70K you can see this means many loans and helping many families.
Majority of the loans set up to consolidate debt like multiple credit cards or store cards, as well as other high interest loans or facilities – like the popular post purchase payment plans, some included other personal loans or vehicle loans rolled into one easy monthly repayment with much lower rates than credit cards and for a fixed term period – (say 3- 7 years).
The team expects over the next few months prior to Christmas it will top over $5Million for just in Debt Consolidation loans – to help families get into better financial position for the new year.
