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.

Enquire About A Debt Consolidation Loan


        
            OK
            96.777
        

I have read and accept the privacy policy.

 
No impact on your credit file

No impact on your credit score

Advantages of Debt Consolidation Loans

What is A debt consolidation Loan?

Debt 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.

Thank you for contacting Australian Lending Centre
Escape Debt with Debt Consolidation Loans

Managing Difficult Debt is Our Specialty

Have you got mounting debt that seems impossible to pay off? Australian Lending Centre specialises in providing solutions to improve your financial situation. When it comes the best loans for debt consolidation, we have answers on how we can help you get your finances back in line.

When you start getting those debt collectors calling, you know it is time to do something. Many people don’t understand that debt management is a process and something we at Australian Lending Centre truly understand.

Debt consolidation loans are one option int he management of debt, but if you aren’t eligible, there are other options that we can discuss with you, such as debt negotiation, debt management, information debt arrangements or even debt agreements. Whatever pickle you have found yourself in, we can find options to lighten the load so you can move forward in a better financial situation.

Debt Consolidation Loans Reduce Stress

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 Loans can help When...

Escape Debt with Debt Consolidation Loans
Advantages of Debt Consolidation

debt consolidation Can Improve bad credit

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.
Get started today with a no obligation consultation. Click below to apply for help.

How Do I Consolidate My Loans?

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.

ATO tax debt loans

Why consolidate my debt?

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%).

How debt consolidation works

Consolidating 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.

how debt consolidation works
debt consolidation

Debts Simplified With only one creditor

Debt consolidation loans combine all of your loans, debts and credit cards obligations into one easy-to-manage loan. With your debt consolidation loan you pay one payment and one interest rate — sometimes a smaller interest rate than your original one. The process also simplifies paying off your debts since you only pay one creditor — rather than multiple.

If you find yourself struggling to manage your debts, our friendly team at Australian Lending Centre can give you the information you need to see if a debt consolidation loan is right for you.

How debt consolidation works
click to view infographic

As Seen in

Process of Debt Consolidation

sign loan offer

1. Creditors chasing you

Juggling debts can be stressful, expensive and time consuming.

money bag

2. Ties your debts into one Loan

Once we get your enquiry, we will call to clarify details and get to know you.

Loan Comparison

3. Enjoy the benefits

Take advantage of lower interest rates, favourable loan terms, no more nagging creditors and simplified repayments.

Rural Property Loans

4. Take control of your finances

Once your loan is approved, check and sign your loan offer.

Benefits of Debt Consolidation

By consolidating your credit card debt, as well as your other existing debts, you can benefit from:

benefits of debt consolidation

Bad Credit Debt Consolidation

Bad credit debt consolidation

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:

Types of Debt That Can Be Consolidated

store cards icon

Store Cards

Those store cards can really creep up, especially after the holidays. The interest free periods seem like a great idea, except many of use forget about them. 

Consolidate credit card debt

Credit card Debt Consolidation

With refinancing, you replace your current mortgage with a new home loan refinance loan — that means a new interest rate, new payment and new terms, all in your favour.

Tax Icon

Tax &/or 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.

Unexpected Expenses Personal Loans

Medical Bills

Medical bills can pile up, especially if you get injured or sick and stress is the last thing you need, and consolidating debt can help manage this.

cash loans icon

Payday & Cash Loans

If you've lost your job and had to take out quick cash loans, or you are borrowing from pay cheque to pay cheque with pay day lenders, you can get into a debt cycle.

Debt Management

Combination Consolidation

If you are like many Australians and have multiple debts of different kinds all due, all with high interest, it's time to apply for debt consolidation. 

Debt Consolidation Australia FAQ's

 

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 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.