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Australian Debt Consolidation

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Is Your Debt Getting Out Of Control?

Debt Consolidation - whats in it?

Consolidating all your loans into one when you’re up to your neck in debt can be a good thing. However unless you change your spending habits, it may be a short term remedy only. With credit so readily available, borrowing money through personal loans and credit cards has never been easier. But it’s not so easy when the time arrives for the monthly repayments, particularly if you're 'debt-heavy'.

As a result, some mortgage brokers and lenders have been promoting the virtues of " debt consolidation". Under this strategy you consolidate all your outstanding, higher-interest debts into one loan with a lower interest rate. It can reduce your immediate monthly debt obligations by hundreds of dollars. Ideally debts are consolidated into your mortgages because home loan rates are mostly the lowest available and homes provide the lender with more security.

If you are not a home owner or do not have enough equity in your home, it might be possible to consolidate your debts into a personal loan. However – this strategy will only work if you break the spending habits that drove you into debt in the first place. While altering habits involves budgeting better and spending less, shredding the plastic cards is also essential! It's true debt consolidation leaves you with a "nil balance" against your cards. But this doesn’t mean the plastic nasties can’t be used again. If unexpected bills hit the mailbox there’s nothing stopping consumers whacking payment on the card. If you don't commit to disciplined spending habits, debt consolidation won't help and may leave you poorer by thousands of dollars.

What our Customers are Saying

I am writing to express my appreciation for all your great help with sorting my finances out. I was going to lose everything I had worked so hard for so long. Thank you Guys !


Mike J.Y. - NSW

We just wanted to send you our very special thank you for your great help with our debt consolidation. We would not have known what to do without your great help.


Sarah & Richard B. - VIC

Thank you for your support with Debt Agreement. I didn’t think it would be possible to sort out my debts. All the credit agencies have stop calling. I can live a normal life. Thanks


Alex & John F. - QLD

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News & Updates

Bad credit debt consolidation is not necessarily a loan
While most people who are looking around for debt consolidation help are actually searching for a personal loan to put a range of more expensive debts into, it is next to impossible to qualify for an unsecured personal loan if you have problems with your credit history. This does not mean that a person with ...more

Debt refinance does not always save money
Debt refinance is the new black. We hear it on the radio, see it on television and read about it in the printed media. Refinance, consolidate and save. The problem with this message is that few borrowers know how to assess whether the refinance or the proposed consolidation is overall worthwhile for them. Will proceeding ...more

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