FAQ's...Frequently asked questions

We're here to answer all your consolidation questions

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Take away the anxiety of mounting debt

When you combine all your worries into one easily paid loan, you can focus less on balancing all your finances and enjoy your life again.


Debt consolidation is the process of bringing together all your debt and rolling it into one easy to manage personal loan.

There are many benefits to debt consolidation. If you are finding it hard to manage your finances, a debt consolidation loan can help you reduce stress and eliminate debt. Other benefits including saving money with a potentially lower interest rate and avoiding bankruptcy. A consolidation loan will allow you to reduce the time and stress spent on managing your sticky debt.

With debt consolidation, you can consolidate a range of debt from credit cards, store cards, personal loans, and smaller debt.

Yes. Once your consolidation loan has been approved, we can release payout payments to your credit card providers. Acting on your behalf, we can also help you organise your paperwork to get this sorted quickly.

Your credit score is influenced by a variety of factors categorised within your credit utilisation. If you take out a consolidation loan to pay off existing debt, you may potentially reduce your utilisation ratio, which may improve your credit score. 

Depending on your financial circumstances, it is possible to secure a debt consolidation loan. Speak to one of our loan specialists for a hassle free consultation.

At a minimum you must be 18 years of age, demonstrate a regular income and be an Australian Citizen or Permanent resident. Depending on your personal situation, we will assess your eligibility based upon other credit and approval criteria.  

Depending on your case, you can receive a lending decision within 1-3 working days.

Repayments can be made on a weekly, fortnightly or monthly basis. If you would like to make extra repayments please contact our customer service team.

Debt consolidation offers both fixed and variable loans. A fixed loan means that the interest rates will not change during the lifetime of the loan. With a fixed loan your repayments will remain the same. On the contrary, a variable interest rate can fluctuate during the loan period. Check out our interest rates online.

Yes absolutely. Paying by direct debit saves you time and the hassle of manually repaying the loan. At the same time, you must ensure that you have sufficient funds in your nominated account so that you do not miss any payments. If your circumstances change, call debt us on 1300 795 775 to discuss your financial options.

At debt consolidation we promote responsible lending. That’s why you can make additional repayments to pay off your loan sooner.