Australian Lending Centre Review: Are They Worth It?

We recently decided to investigate the company ‘Australian Lending Centre’ as a few of our followers reached out and wanted our opinion.

Here at The Debt-Free Community, we’re totally for getting out of debts. Some say we’re total advocates. We would agree with this!

When we come across a company whose mission is similar, then we’re going to commend them. At the same time, we need to be unbias and research further to see if they are in fact the real deal or not.

We had an interesting experience with Australian Lending Centre and decided to create this review. Did they follow through?

Well, time to find out.

Australian Lending Centre

Debt consolidation loans are often a great starting point if you’re committed to living a debt-free lifestyle. They can reduce your monthly repayment amounts and with that additional cash flow, you can knock down the debt faster.

That’s one of the main products on offer from Australian Lending Centre. From our research, it seems that they have been doing this a long time:

They started in 2005 so that’s clearly some great history right there!

We always check first to see how long these companies have been operating. If they just started yesterday, then we’re always hesitant and concerned on potential outcomes (if any) for people just like you.

In other words, we’ve got your back during this entire process.

We used some professional software to check how their website is doing:

That’s approximately 10,000 people per month on their website. Impressive!

Clearly no credit check loans and bad credit loans are something that is popular for Australians.

After all, we’ve got some of the highest personal debt in the world now!

If the average person earns $80,000 net, they are spending $169,600 per year.

OECD Data Australia, retrieved 2015

That’s crazy! Instead of taking out additional debt, we always recommend consolidation instead or even negotiating with debt collectors.

Anyway, back to Australian Lending Centre. When we checked online reviews, some people were unhappy with their services. Unfortunately, it’s very difficult to make everyone happy.

Most people who do have good experiences don’t come back to leave reviews about Australian Lending Centre or anyone else. However, if someone simply doesn’t qualify, you can expect an influx of 1-star feedback by people who just want a warm fuzzy feeling on the inside.

One thing is for sure: You won’t know for sure unless you try them out yourself. So that’s exactly what we did!

Our own experiences

The team here at The Debt-Free Community decided to have an experience. We wanted to see how this company would respond.

Rebecca would get on the phone and tell them she made a full-time income but had racked up $30,000 in credit card debt and didn’t know what to do. To make matters worse, she already had debt collectors harassing her at work. She wanted this resolved and also to have black marks on her credit history removed.

HECS-HELP when you die

Quite a job for any of these debt consolidation and repair companies, but we wanted to put them to the test! How would Australian Lending Centre cope with the pressure?

Well, the 1st phone call went well. After about an hour over the phone where Rebecca threw them dozens of questions, we were pretty confident that they knew what they were doing.

After that, we were sent an information pack and were called back the next day. It was clear that they were trying their best to help Rebecca through this challenging time.

In short, it took almost 6 weeks to finalize everything and it was successful. There was nothing to pay out of pocket for the debt consolidation (I think they get paid by the bank for the new loan) but there was a nominal amount to help get the black mark off the credit history. It was an unpaid Optus bill from 22 months ago.

We were impressed with their friendliness and knowledge. The time it took could’ve been faster, but at the same time, the amount of documentation that Rebecca needed to supply was extensive. Gathering all this information simply took so much time.

Why we like Australian Lending Centre

We’re totally against payday loans here at The Debt-Free Community. Sure – we advocate that you should move towards a zero-debt lifestyle, but that isn’t instantly accessible for most people.

The good news is that this company doesn’t do any of these ridiculous payday loans. We want you moving in the right path and whenever we see a company offering these rubbish financial products, we highly discourage individuals.

Not only that, but they have been around for years. It’s clear that they want to continue helping people during challenging times.

They’re pretty much on the same mission as us. We see them as team players, though we’re not associated with them at all. We’ve written this review with an unbias standpoint and you are welcome to get in touch with us to learn more.

In summary

Do we recommend the Australian Lending Centre? Well, that depends on what is important for you and your family.

If you’re looking to get fully out of debt (and you should!) then using this company is something we would definitely recommend. You need to start the journey somewhere and this could be the perfect place.

In other words, they are certainly worth it if you’re committed! They followed through for Rebecca.

On the other hand, some people are perfectly comfortable with doing nothing. It’s sad really when you see them up to their eyeballs in debt.

We always recommend a fresh start in life and based on our experiences, this could be the right company for you. They get our tick of approval!

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