Take back control of your finances with a debt consolidation loan.

Ease Financial Stress with Consolidate My Debt 

  • Lower Your Current Interest Rates

  • Your Application Won’t Affect Your Credit File

  • Reduce Monthly Repayments

  • Establish a Repayment Schedule That Works for You

  • Consolidate Multiple Payments into One Simple Payment

Fill Out Your Application

Obligation-Free Inquiry with No Impact on Your Credit Rating


At Consolidate My Debt, we provide hassle-free loans for Australians looking to pay off multiple creditors. Our goal is to streamline your complicated finances and reduce the stress of remembering various payment deadlines. With over 90 + lenders on our panel, we have access to all types of finance. 

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Regain Control with a Debt Consolidation 

  • Save Money

    Combine credit cards & loans to minimise your debts using low-interest loan consolidation. Eliminate high-interest credit accounts, avoid late fees, & save money.

  • Simple Payment Plan

    Take charge of your multiple credit cards, store cards, & loans with an easy monthly repayment. We offer flexible repayment terms to fit your financial situation.

  • Stay in Control of Your Finances

    Less stress leads to greater control. By consolidating your debts, you can focus less on payments & look forward to a brighter financial future.

How Does a Debt Consolidation Loan Work?

Combining all your existing debts into one loan gives you greater financial clarity. Multiple debts can be confusing and stressful, but organising them into a single repayment creates a clearer financial picture going forward.

The debt consolidation process is straightforward: you take out a new personal loan to cover your existing debts and repay the loan over a set term. This larger, single loan often comes with a lower interest rate, removing the hassle of managing multiple payments and making it easier to stay on top of your repayments.

Furthermore, a debt consolidation loan can significantly improve your household budgeting. Instead of making only the minimum repayments on high-interest credit cards, you can structure set repayments that cover both the principal amount and interest, providing peace of mind with a definite payoff date.

For instance, think of your phone bill—it's just one set amount you need to pay each month for an agreed duration. It’s that simple!

A Debt Consolidation Loan Example

Let’s say you have three debts, each with different repayment amounts and interest rates:

  • Payday Loan

  • Credit Card Debt (Various Amounts):

    • $6,000 at 16%

    • $7,000 at 21%

    • $5,000 at 15%

These debts typically require payments at different times every month, making financial management complicated. If you have a high-interest credit card, you might be spending a significant portion of your monthly budget just on interest, as well as worrying about missing payments and incurring penalties.

Combine Your Debts
All of your debts will be merged and paid off to ease your stress.

Start a New Repayment Plan
Benefit from a repayment plan that fits your financial needs, simplifying your life.

The debt consolidation loan process can truly simplify your financial situation— saving you time, eliminating confusion, and enabling you to budget more effectively

Begin an Obligation-Free Application

 FAQs

  • Debt consolidation is the process of combining all your existing debts into a single, manageable personal loan. This can help you merge your outstanding financial obligations into one convenient loan, potentially at a lower interest rate than what you may currently be paying. In simple terms, this means one loan, one regular repayment, and one interest rate.

  • Once you have completed our application online, we can give indicative quotes on the spot! 

  • To qualify for a debt consolidation loan, you must meet the following minimum requirements:

    • Be at least 18 years old

    • Demonstrate a regular income

    • Be an Australian citizen or permanent resident

    Depending on your personal circumstances, we will evaluate your eligibility based on additional credit and approval criteria.

  • You can consolidate a variety of debts, including:

    • Credit cards

    • Car loans

    • Business loans 

    • Personal loans

    • Home loans

  • We can settle deals within 2 business days.