Manage your debts by rolling them into one simple loan.
Debt consolidation is the process of folding (or “consolidating”) a number of different debts into a single loan or credit card, often with a lower overall interest rate.
Combining multiple debts into a single loan can offer a number of benefits.
Debt consolidation could be a good choice if you are struggling to manage several debts or if you want to reduce monthly repayments and secure a lower overall interest rate.
A number of options may be available to help you secure big savings through debt consolidation.
Compare the different methods of debt consolidation to see what method is best suited to your needs.
Debt consolidation has the potential to save you hundreds, possibly thousands, of dollars if it's done correctly. But there are potential pitfalls to avoid. Follow our tips to maximise your savings.