When you have bad credit issues, such as mortgage or home loan arrears, credit defaults, creditor bills, late bills, debt collectors on your back, outstanding credit cards, personal loans, kids school fees, or any other outstanding debts, sometimes it can be worthwhile refinancing your home to pay out these debts, thereby a) lowering your overall repayment amount per month b) getting those debt collectors off your back and c) Having a nice night's sleep without the ongoing worry of trying to keep afloat, while trying to juggle all the debts to be paid, and when to pay them.

One way to keep track of the debts is to set up automatic payments from your savings account, this can work quite well and most online net banking facilities now allow this.

Sometimes, the fact you can have just one home loan repayment to worry about,, and no other outstanding debts, can make life a lot easier, and your finances easier to manage.

These days, some lenders will even set up a direct debit with your payroll, and this will mean you don't even have to worry about not having the money ready to make the home loan payment, as it is simply taken from your pay or wages first, what a decent idea that is. This stops you ever missing a repayment on your home loan, and gives the lender more comfort knowing they will receive payment prior to you receiving your pay.

So if you have unlimited debts, or even just a couple of annoying unpaid bills , and are struggling with dealing with it all, , it is worth considering a refinance if it means a nice sleep for you and your family. www.1800badcredit.com.au