Risks of Debt Consolidation

• Debt Consolidation

• Debt Management
• Debt Consolidation Loans
• Debt Agreements
• Bankruptcy Prevention
• > Risks of Debt Consolidation
• Book a Free Debt Consolidation Assessment
• Debt consolidation e-book

Risks of Debt Consolidation

Debt Consolidation can help you ease your debt position.

Without discipline it can however make your financial position worse.

Three tips to avoid Debt Consolidation are:

• Dependency On Redraws: If you have refinancing your mortgage to consolidate your debts, avoid redrawing funds and making your debt position worse. The more you redraw, the more you have to pay back.


• Accumulation of More Debt: Having an easy monthly payment may encourage you to accumulate more debt. Don’t! Cut up your credit cards if necessary.


• Loss of Home: Debt consolidation loans are typically secured against property. If you fall into the debt trap again, you could lose your home. Put your payments on autopilot with a Direct Debit.

Debt consolidation is a real solution to the debt problem. However, it does have its risks. At Future Assist Financial Services, we put you on a debt management plan to ensure you avoid falling into these traps.

To book a Free Debt Consolidation Assessment, contact us for an obligation-free consultation. Our friendly team is ready to answer any of your queries. We’re here to assist you in securing your financial future.

Financial Health Check 

Risk Profiler 

Budget Planner 

Mortgage Calculator