Australian renters, rejoice! Leading fintech company LoanOptions.ai, which connects borrowers with the best loans, has joined forces with Occubuy, the innovative rewards platform for renters. This partnership aims to give Australians a helping hand in tackling personal debt.
The good news? You can now earn rewards for making progress on your personal loans through LoanOptions.ai’s streamlined debt consolidation process. This is on top of the existing Occubuy benefit where you earn credits towards buying your first home every time you pay rent.
Occubuy Co-Founder David Cain expressed pride in the company’s ability to alleviate the financial concerns of renters. He acknowledged the growing challenges faced by Australian renters, many of whom are grappling with substantial personal debt.
According to data from Finder, one in seven Australians have a personal loan, with an average loan amount exceeding $23,000. Additionally, almost half of all Australian adults carry credit card debt, contributing to a national total of over $41 billion. To make matters worse, nearly 1 in 5 Australians are using Buy Now, Pay Later services, further adding to their financial burdens.
Cain emphasized that partnering with a company focused on tackling personal debt, a major obstacle to home ownership, was a logical decision. He shared his excitement about working with LoanOptions.ai, which utilizes advanced technology and automation to provide customized debt solutions tailored to individual needs. The goal is not to create new personal loans but to help users efficiently and swiftly lower their current debt repayments.
Julian Fayad, Founder and CEO of LoanOptions.ai, saw the Occubuy partnership as a natural fit due to their shared goals. He expressed pride in the partnership, underscoring their shared vision of empowering Australians to manage their finances effectively. This collaboration leverages LoanOptions.ai’s expertise in debt consolidation loans, further supporting their mission of financial well-being.
