Debt Consolidation
Debt Consolidation – One Loan, One Payment, Less Stress
At Better Money Lenders, we understand how easy it can be to accumulate multiple loans, credit cards, and other debts over time. With different repayment dates, varying interest rates, and multiple fees, staying on top of everything can quickly become overwhelming.
Debt consolidation allows you to roll multiple debts into a single, structured loan—making repayments simpler, reducing stress, and often saving you money along the way.
Why Consider Debt Consolidation?
Managing multiple debts isn’t just frustrating—it can lead to missed payments, dishonour fees, and unnecessary interest, all of which may damage your credit history. Consolidating your debts into one affordable repayment can:
- Help rebuild financial confidence and credit health
- Simplify your finances with one regular repayment (fortnightly or monthly)
- Reduce your interest costs by rolling high-interest debts (like credit cards) into a lower-rate loan
- Cut down on multiple ongoing fees
- Improve cash flow with a loan term that suits your lifestyle
Key features of a Debt Consolidation Loan:
When you consolidate your debts with the right loan, you can expect:
- One easy repayment – no more juggling due dates across different lenders
- Lower overall costs – save on interest and reduce multiple ongoing fees
- Flexible loan terms – choose a repayment schedule that balances affordability with paying off your loan sooner
- Potential to pay down debt faster – with a structured loan and optional extra repayments
- Peace of mind – knowing you’re back in control of your financial future