Debt Consolidation

There’s just too many debts to pay off

Even at the best of times, life can be a challenge. Unpaid debts make it even harder.

The money you make goes to paying outstanding debts so you have little savings. And when you’re not paying the debts themselves, you’re paying the interest on those debts.

Every now and again, you borrow money to pay your most demanding debts. But this only creates more debt.

With so much money going out but so little staying in your pocket, enjoying life is a struggle. And with debt collectors knocking at your door, your stress levels could be going through the roof.

Debt consolidation may help you get your life back under control.

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What does a debt consolidation loan do?

A debt consolidation loan can bring your existing debts together to:

Lower your total repayments so you save money
Make your repayments easier to manage so you stress less
Give you a timeline so you know when you’ll be debt free

How does debt consolidation work?

It can be overwhelming to have multiple debts. They have different interest rates. They need to be paid at different times. They make managing your cash flow complicated, even messy.

With some debts, you may be charged more interest than others. And you may be paying a heap just to cover interest. This is even before you get to paying the actual debt itself.

It’s a lot to think about. And it’s a lot to stress about.

But with debt consolidation, you’re giving yourself less to worry about. By combining all your debts, you’ll have:

One single loan
You won't have so many debt streams all over the place anymore. You’ll only have the one. With one loan on your mind that is integrated into your budget, you may have a little more headspace to relax.
One ongoing repayment
You’ll only have one repayment which we will help you to payback on time, which means you can focus. With this new found focus, you can achieve your financial goal of getting out of debt sooner.
One single interest rate
If the interest rate on your debt consolidated loan is lower than that of your individual debts, you could save money. By saving, you’re brightening up your future.

The best part about debt consolidation through us?

We make sure your bills are paid, so you don’t have to.

We call the people you owe, so you don’t have to.

We put in the work so you can worry less about money and relax.

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Debt consolidation has changed the lives of countless Australians

It can change yours.

MyBudget has already helped Australians consolidate their debts for less stressful, happier lives.

Here’s what some of them have to say.

Sam, MyBudget client

"I had looked at a few different options to consolidate my debt and get it paid off more quickly... Joining MyBudget was the best financial choice I’ve made in my life."

Sam, MyBudget client

Alan, MyBudget client

"We had gone searching for solutions to our problem, and it seemed at that point the only solutions that were available to us were perhaps some sort of debt consolidation... MyBudget has taken our financial wellbeing into their hands and we now can see that we have actual savings that we can work with."

Alan, MyBudget client

Rebecca & Andy, MyBudget clients

"We were really racking up our credit cards just to pay for the therapy we needed for our child.... I thought we were in too much debt, there’s no way we’re going to get out of it... It [joining MyBudget] was the best decision we ever made... We can see the light at the end of the tunnel now..."

Rebecca & Andy, MyBudget clients

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With debt consolidation you may be able to bring unsecured personal loans, car loans, credit cards and home loans together under the one loan.

The cost of consolidating your debt depends on a variety of factors. Everyone’s financial situation is different so the cost will vary from one person to the next.

Most of the time, the cost of consolidating your debt can be lower than what you’re paying to cover the interest and fees on your debts.

Depending on the type of debt consolidation loan they offer, different lenders will have different qualification criteria.

Some lenders may let you have marks on your credit file. Others may need you to have a clean credit history.

Our personal budgeting specialists will help you determine what options will work best for you.

Are you struggling with debt? Want to get out of debt now?

We’d love to help you ease your money worries.

We’ve already helped more than 75,000 Australians manage their debts and save more for their futures. All on the terms that suit them best.

Want more information about how a debt consolidation loan can help? Want to apply for debt consolidation now?

Give us a call on 1300 300 922 or book your free consultation by clicking the button below. Book a free consultation now

Book a Free Consultation