Black & White Accounting

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MENU
  • Home
  • Meet the Team
    • Kirsten Wise
    • Simon Hankins
    • Dave Cheetham
    • Karrie Stephens
  • Accounting
    • Key Dates
    • Tax Facts >
      • ACC Premiums
      • Depreciation Allowances
      • Entertainment
      • Fringe Benefit Tax
      • Gifting
      • Goods & Services Tax
      • GST & E-Commerce
      • Kiwisaver
      • PAYE on Salaries & Wages
      • Provisional Tax
      • Resident Withholding Tax
      • Tax Credits (formerly rebates)
      • Taxpayer Penalties
      • Working for Families Tax Credits
    • FAQ's
    • Accounting Testimonials
  • Insurance
    • Insurance Testimonials
  • Mortgages
    • Home Loans - Buying or Selling
    • First Home Buyers
    • Refinancing or Fixing
    • Debt Consolidation
    • Personal Loans
    • Interest Rate Options - Fixing or Floating
    • Types of Loans
    • The Costs
    • Mortgage Tips
    • Moving House Checklist
    • Mortgage Testimonials
  • Real Estate
  • Checklists
    • Individual Checklist
    • Business Checklist
    • Rental Checklist
    • Farming Checklist
  • News & Updates
  • Pay your invoice now
  • Contact

Debt Consolidation

If you are struggling to make repayments on high interest debts such as credit cards and hire purchases loans then debt consolidation may help. It can reduce your monthly finance repayments, save you money on fees and charges and take control of your debt by consolidating your existing loans into a new lower interest rate loan.
 
Benefits of debt consolidation:
  • Save on fees and charges
  • Reduce your monthly repayments
  • Control your finances and pay off your loans sooner
 
With our access to a wide range of banks and lenders we can explore this option on your behalf.
 
Example:
 
John and Jane both work full time with average incomes of $65,000 and $60,000 respectively. They have 2 children and purchased their home 4 years ago for $380,000, but it is now worth $450,000. Currently, John and Jane are paying off the following debts:
 
  • Home Loan $300,[email protected] 6.25% p.a. – monthly repayments $1,847
  • Personal Loan $25,000 @ 14.95% p.a. – monthly repayments $595
  • Credit Cards $11,000 @ 16% – minimum monthly repayments $220
 
Total Debt $336,000
Current Total Monthly Repayments $2,662
New Total Monthly Repayments: $2,014
 
Here’s how…
John and Jane refinanced and consolidated their debt into a $336,000 two year fixed rate home loan at 6.00% p.a. over 30 years. Their new total monthly repayments are now $2,014 - saving them $648 a month.

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Phone: (06) 834 0771
Fax: (06) 834 0773
Email: [email protected]
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43 Carlyle Street
​Napier 4110

New Zealand

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PO Box 480
Napier 4110
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