Is pay back loans’ a constant feature on your To Do list? Or are you planning all the things an RCS Loan could help you achieve? Like a family trip these school holidays, upgrades to your home or even your wedding?

Don’t let debt keep you from ticking off your Bucket List. Rather take a moment to come up with a repayment plan that’s practical and achievable.


Follow these tips to pay back loans faster and smarter:

Make a spread sheet and categorise your debt from highest to lowest interest rates.Make a budget that includes an amount for paying back loans.Pay off smaller debts first. The sense of accomplishment will motivate you to keep going.Look what expenses you can cut and spend that money on paying your debt.Make larger or more regular loan repayments when you can.Put any money you get back from the tax man into paying off loans.Make your repayments on time - late payments can result in penalties and lowering your credit score.Hold back on using credit cards if you can - they will only add to your debt.If necessary bring in extra income to put towards paying back your debt.Don’t be afraid to ask for help – either from credit counsellors or from creditors who may be able to adjust your repayment terms.


Need to earn a little more cash to relieve the pressure? Consider some of these options, even if just for a short amount of time until you feel more comfortable in your financial situation.

5 Easy extra income generators:

Sign up for focus groups and get paid to have an opinion.Take part in surveys for cash. Register with a legitimate company and have your say.Turn your hobby into a cash cow and sell baked goods, art, jewellery and crafts at local markets.Become a direct seller or consultant. If you’re a people’s person, start small and sell a product you are passionate about to people you know.Be a film extra. Local TV and film productions often need regular folk to be part of scenes.


Whether for a kitchen you can show off or giving your car some much-need TLC pre-road trip, an RCS Loan can be a very helpful in getting you to where you want to be. Before applying for a loan consider how much debt you can afford to take on and how you will pay it back.