Debt Consolidation Loans

Are you juggling multiple loans? Debt consolidation helps to tie these all up into one easy, simple and manageable package, usually with a lower interest rate, so you just have one repayment.
No impact on your credit score

Advantages of Debt Consolidation Loans

What is a debt consolidation loan?

Debts Simplified With only one creditor

debt consolidation help

Put simply, a debt consolidation loan ties all of your existing debts into one easy repayment plan.

This means no more worrying about different repayment dates, amounts and interest rates. Instead, you have 1 repayment amount to pay each month with 1 interest rate which is usually lower than you were previously paying.

The best thing about a debt consolidation loan is that you are fully in charge. If you want to make low monthly repayments and pay off your debt for longer then you can. Alternatively, if you’d like to make larger monthly repayments and pay the debt off faster you can.

A debt consolidation loan also protects you. All of your current creditors are paid off in full as soon as you enter the new financial arrangement, so you don’t have to worry about receiving any stressful calls demanding repayment.

So long as you honour your new agreement and make repayments on time, you can also benefit from an improved credit score.

Juggling many debts at once can be really stressful and super hard to keep on top of which is why debt consolidation is a fantastic option.

How does debt consolidation work?

We take all of your current debts, including credit card balance, personal loans, student fees and car loans to name a few, and consolidate these into one single debt. Then we arrange a repayment plan on your terms so you can take full control of your finances. Here’s an illustration to show how consolidating debt works:

Juggling multiple high interest bills icon

Juggling too many debts

stressed about money icon

Stressed about creditors demanding money

feeling trapped by debt icon

No clear way out

no money to pay bills icon

Struggling to afford repayments

Cartoon credit card

Credit Cards

personal loans

Personal Loans

pay day loan

Payday Loans

tax debt

Tax/Centrelink Debt

Only 1 debt to manage

Only 1 debt to manage

Creditors are taken off your hands for good

Creditors are taken off your hands for good

Repayment terms, amount & schedule on YOUR terms

Repayment terms, amount & schedule on YOUR terms

1 single interest rate which is lower / frozen

1 single interest rate which is lower / frozen

The benefits of a debt consolidation loan

Where do we start!? Getting a personal loan for debt consolidation is a really smart move, particularly if you find that your debt is piling up and becoming hard to manage. Find out some of the key benefits of consolidating debt below.

More control icon

More Control

Hop into the driver's seat by choosing a repayment amount and loan length on your terms.

More time icon

More Time

Sit back and relax with only 1 repayment to make and only 1 debt to keep on top of.

More Freedom

Spending less of your pay check on debt repayments and more on yourself gives you freedom at last.

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Less Stress

We take the creditors off your hands for good, so no more harassing calls or threatening letters.

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Lower Interest

Smile again with a single fixed interest rate which is lower than before, or even frozen.

less fees icon

Lower Fees

Take advantage of single fees and stop paying extra for each debt that you owe.

Types of Loans you can consolidate…

Personal loan icon

Personal Loan Consolidation

Do you have multiple personal loans which you can never seem to shake off? Combine these and benefit from a clear repayment plan on your terms.

credit card debt consolidation

Consolidate With Bad Credit

If you have bad credit, then you can still receive support with your debts. Regardless of your credit rating, the Australian Lending Centre could help you with a bad credit debt consolidation loan

Consolidated your credit cards

Consolidate Credit Card Debt

Credit cards can come with really high fees and interest rates. This is why credit card debt consolidation is such a fantastic financial solution! Take control by consolidating your credit cards.

debt consolidation of store cards

Store Cards

Those store cards can really creep up, especially after the holidays. The interest free periods seem like a great idea until you forget about them… Fortunately, you can consolidate store cards!

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Medical & Dental Bills

Medical events can be beyond our control and the bills can easily pile up. Stress is the last thing you need in this situation, so consolidate your medical bills and take a deep breath.

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Tax & Centrelink Debts

It's easy to get caught out with not paying enough tax through the year or being overpaid by Centrelink. Debt consolidation is a way forward.​

Payday loans and fast cash loans icon

Payday & Fast Cash Loans

Payday loans and fast cash advances can land you in a really dangerous downward spiral. Consolidate payday loans and take back control before it’s too late.

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Hire Purchase

That interest free period seems inviting, but it is easy for hire purchase repayments to get out of control. Consolidating hire purchases can help reduce that repayment.

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Utility Bills

Water rates, gas & electricity bills can come from nowhere. If you don’t have the money available to pay your bill then you could be in trouble. Receive support by consolidating utility bills.

The Debt Consolidation Process

Getting approved for a debt consolidation loan is a simple and speedy process. It starts with applying for a personal loan for debt consolidation and takes just 3 easy steps:

Apply for debt consolidation online

Complete our easy application form online. It just takes a few minutes.

We will find your solution for debt consolidation icon

We’ll find the right solution for you

Our debt consolidation specialists check out your situation to find your best option.

Money for debt consolidation transferred into your account icon

money Is Transferred to Your account

If approved, you could receive a debt consolidation loan within 48 hours.


Debt Consolidation FAQs

Gaining loan approval doesn’t need to be rocket science and certainly shouldn’t take a perfect credit rating. Having provided Aussies with financial solutions for over 25 years, we at the Australian Lending Centre know better than anyone how easy it is to slip up with your money. Forgetting to make repayments on time or allowing bills to pile up until it’s too late is so easily done, but is so hard to wipe clean.

This is why we don’t make judgments based on your past. Bad credit debt consolidation is a very real and exciting opportunity which could apply to you depending upon your situation. If banks and other lenders have said no, then you’re in the right hands.

Debt consolidation provides a clear and easy repayment structure meaning that making repayments on time and having multiple debts pile up will no longer be a problem. Therefore, by the time you’ve finished paying off your debt, you could see your credit score glowing and green!


Bad credit won’t stop you from getting a debt consolidation loan with Australian Lending Centre. While traditional banks might turn you away, we understand that every consumer falls on hard times. With years of experience in the industry, we strive to understand your credit file and secure you a debt consolidation loan.

It sure can. Having a simpler repayment schedule and less debts to manage not only makes life easier but it can also help to improve your credit rating. Proving that you can make repayments on time reflects greatly on your score and means that lenders are more likely to trust you more in the future.

In addition to this, if you currently have credit card debt, you can benefit from a positive credit utilisation ratio which will also help to boost your score!

A credit utilisation ratio (also known as credit utilisation rate) is the amount of credit you are currently borrowing, compared to how much is available in total. Essentially, your credit utilisation ratio is calculated by using the following formula:

Credit utilisation ratio = Total credit card debt / Total available credit

So, if you have a credit card limit of $600 and you are using $180 of this then the calculation would be 180/500 which would give you a credit utilisation ratio of 30%.

Maintaining a rate of less than 30% reassures credit reporting agencies that you do not borrow above your means. In turn, you can expect your credit score to improve.

mounting multiple debtsDebt consolidation is a process by which you take out a loan to pay off a number of debts, usually with lower interest rates and fewer fees. You can consolidate multiple forms of debt including credit card debt, personal loans, and student loans.

For example, you might have 4 different forms of debt, each with different loan amounts. For each of these different debts, it is likely that they will all have different interest rates and different repayment dates. This makes keeping up with the loans very complicated and difficult. You can feel overwhelmed and stressed, which is where we come in.

We can consolidate all of these debts into one, manageable repayment package on your terms. This means that you can decide on the repayment frequency and loan terms to benefit you. Whether you would like to repay the loan quickly and pay more each month, or slowly and pay less each month, the power is in your hands. Best of all, if the interest rate on the consolidation loan is lower overall than your current rates then you could end up saving money and get ahead in reducing your total debt.


Whatever combination of debt you have, home loan, car loan, personal loans, credit cards, buy-now-pay-later schemes and/or payday loans, these can all be packaged into one easy repayment, even if you have bad credit or lack the stacks of documentation some financial institutions require. You’ll reduce your interest rates, save some well-earned cash and keep the stress to a minimum.

If you’re having trouble paying your bills on time or your pay cheques go directly to your creditors, you should consider a debt consolidation loan. We work to reduce your payment each month by consolidating debts.

Debt Consolidation

Debt consolidation is a fairly simple process. We roll your debts into one loan with one monthly payment, usually at a lower interest rate (as in the case with high-interest credit cards). Debt consolidation reduces how many bills and creditors you pay each month with the goal of reducing how much you pay total on your debts monthly and annually. The aim is to get you a debt consolidation loan with a fantastic rate, much lower than your credit card’s rate which can run as high as 26%!

Debt Consolidation loans are the easiest way to manage multiple debts. Whether you have high interest credit cards, personal loans or medical bills; ALC can roll them into one easy repayment.

Our customers love how easy it is to consolidate their debts. Apply today, and one of our specialist debt consolidation team members will call to discuss your current circumstances and assess your option. It does not impact your credit score to apply.

debt consolidation loans australiaConsolidating debt works in the same way as a loan refinance. It involves taking all of your current loans and combining them into a new plan customised to you. Sometimes people want to refinance in order to lengthen or shorten their loan terms, whereas others refinance with the aim of reducing their interest rates. Debt consolidation is no different, apart from the fact that it ties all of your current debts into one that you can more easily afford and manage.

It is important to note that a new debt consolidation loan may decrease your monthly repayments to provide debt relief but a longer loan term however may mean paying more overall in interest.

Loans can be very difficult to keep on top of. If you have 3 different debts which you are currently repaying, they are each likely to have different repayment dates, loan amounts, repayment lengths and interest rates. This means you have to be very organised in order to not fall behind on any of these repayments. On top of this, if you have credit cards, then you face even further complication.

Credit cards come with high interest rates by nature, making your loan more expensive the longer that time goes by. On top of this, it is never very clear what amount you should pay back each month and when you should pay it. If you make minimal repayments each month then you will be carrying your credit card to the grave. Making minimal repayments each month also means that your credit utilisation ratio will be poor, leading to a lower credit score. Your credit utilisation ratio is the amount of credit that you owe, compared to the total credit amount. Anything between 0 – 30% reflects positively on your credit score (if you have a $1,000 credit card limit and still have $300 to pay off, then your credit utilisation ratio is 30%).

Secured and unsecured debts can pass through this type of agreement. High interest credit cards, medical bills and cash advances can also be placed in a debt consolidation program.

With Australian Lending Centre, you have over 20 years of experience in personal loans and business debt consolidation. We can assess your current financial position and recommend the best debt consolidation loan, debt management, or debt agreement options to help you pay off your debt and your life and finances back on track!

If having multiple debts has led you towards missing loan repayments then don’t let your credit score suffer any further. Debt consolidation with bad credit is a real solution which can not only simplify your finances, but also improve your credit score in the long term, providing you with opportunity to access finance more easily and with better rates and terms in the future.

Just like with any form of bad credit finance, interest rates will naturally be higher with a bad credit debt consolidation loan, since you are considered a ‘high-risk’ borrower, however by having a clearer and more manageable repayment structure, keeping up with repayments will be much easier and you can expect to see your credit score improve over time.

Keeping up with repayments is crucial if you have bad credit because:

  • Your credit score will take a further hit if you miss repayments
  • Your personal assets could be seized if you default on your new agreement. This is because bad credit consolidation loans must be secured against an asset such as a house, car or jewellery to lower the risk to the lender.

If you have equity in your home, you can use that to secure a debt consolidation loan plan. Your home acts as collateral so that we can secure you better interest rates.

This means you can access funding at an affordable, low-interest rate and this will streamline your monthly payments. This means you can pay off the high-interest cards and debts, to make one single payment with a great new low rate.

Too often the debt grows for years getting out of control. Ignoring the debt is easy, but as it builds it becomes harder and harder to see a way out. When you find yourself under the weight of too much debt to handle or your debts are eating away your wages, debt consolidation may be the financial solution you need.

Thousands of Australians have taken advantage of consolidation to make their monthly expenses more manageable and pay back their debts without filing for a debt agreement or bankruptcy.

The friendly team at Australian Lending Centre can give you the information you need to see if debt consolidation loans are right for you. There are also other options for debt management and we aim to find the right solution for your circumstances.

If you have a a couple of credit cards, store cards, car finance, student loan and/or buy now pay later loans, it can be like juggling. You need to ensure that you have money in your account when each payment comes out and it can be stressful trying to keep track. Sometimes, when everything comes out at once, you can miss a payment. Then you may be charges a late fee or you have not even realise, and have a default on your credit history. The situation is confused even more with additional fees and interest rates, meaning that it can seem impossible to make a dent in the debt, even if you keep up with payments.

The situation can easily get out of control and paying everything off to become debt free and start saving can seem impossible.

This is where a debt consolidation loan can be really helpful.

The most common debt traps we see are a combination of credit card debt and payday loans. While credit cards and payday loans are great for emergencies, they don’t solve the problem and become very costly if you can’t pay the money back right away. The debts compound with fees and interest, and you often go backwards even if you make regular payments.

At Australian Lending Centre we know what people are going through and want to help you find the most suitable solution to put you in a more positive financial situation. Our debt solutions range from debt consolidation loans, which are suitable for many people, even with bad credit, to debt management programs, where we can assist you with negotiating your debt down, lowering or freezing interest, and helping to make debt arrangements with your creditors. Many people thing that Part IX Agreements or Bankruptcy are their only ways out of a seemingly endless cycle. There is always a solution, even if you can’t see it yourself. Talk to us, or enquire today to find the light at the end of the tunnel.

Applying for debt consolidation is fast and efficient process and you could receive funding within as little as 72 hours after enquiring. After taking 30 seconds to fill out our online enquiry form, a loan specialist will be in touch to discuss your situation and find a finance solution to suit you. The Australian Lending Centre has helped thousands of Australians in the same situation as you.

We help people who may not otherwise be able to get a loan. When the banks or other traditional lenders say no, The Australian Lending Centre is able to offer flexible terms, reasons rates and look beyond your credit report.

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