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Get In Touch For a Free Debt Assessment

Your answers today are 100% confidential.

What Is a Debt Consolidation
Loan?

A debt consolidation loan is a personal loan you use to pay off multiple debts at once, combining them into a single, easier-to-manage repayment.

Instead of juggling multiple credit cards, payday loans or overdue bills, you repay just one loan over a fixed term, often with a lower interest rate than what you were paying before.

At Debt Fix, we help Australians understand their options and find responsible, affordable consolidation loan offers, even if your credit history isn’t perfect. 

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How a Debt Consolidation Loan Can Help You 

This option may be right if: 

  • Checked IconCombine credit cards, payday loans, or personal loans into one 
  • Checked IconSimplify your budget with a single repayment 
  • Checked IconLower your overall interest rate (compared to unsecured debts) 
  • Checked IconReduce stress from multiple due dates or missed payments 
  • Checked IconImprove your credit score over time (with on-time payments) 
  • Checked IconAvoid formal insolvency or long-term credit impact  

Available to eligible Australians in Sydney, Melbourne, Brisbane, Perth, Adelaide, Canberra, Hobart and across all states. 

Who Debt Consolidation Loans Are Right For 

You may be eligible if:

  • You have 1–3 active loans or credit cards 
  • You want to simplify your repayments into one 
  • You have a stable income (employed or self-employed) 
  • You’ve had minor defaults or a drop in your credit score 
  • You want to avoid formal debt agreements 

Not sure if you qualify? Our team can assess your situation with no obligation and explain your best-fit options.

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Can You Get a Debt Consolidation Loan with Bad Credit?

Yes, some lenders specialise in helping borrowers with poor credit scores or small defaults. At Debt Fix, we work with a panel of lenders who assess more than just your credit score. 

If you’ve had late payments, payday loan activity, or high utilisation on your cards, we’ll still help you explore if a loan is possible. 

  • Bad credit considered 
  • Recent defaults accepted (case-by-case) 
  • Free consultation to assess your options 
  • No hard enquiry unless you're ready

How Much Can I Borrow to Consolidate My Debts?

How Much Can I Borrow to Consolidate My Debts?

  • Existing debt balances 
  • Income and affordability 
  • Current repayment history 
  • Lender criteria 

We’ll never recommend a loan that’s out of reach. Our mission is to help you fix debt, not add to it. 

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What Debts Can I Consolidate?

You can typically combine: 

Business loans or secured loans (like home loans or financed cars) cannot be included but we may still have other solutions.

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Debt Fix Loan Consolidation Process

Process 1
Free Loan Assessment 

Talk to our team, we’ll review your income, debts and affordability.  

Process 2
Soft Credit Review

We check your file (without affecting your score) to see what you’re eligible for. 

Process 3
Matched to a Responsible Lender

If a loan fits your situation, we’ll connect you to a licensed lender, no pressure.  

Process 4
One Simple Repayment 

Use the loan to pay off your other debts. You’ll now make just one regular payment.  

If a loan doesn’t suit your situation, we’ll guide you toward better alternatives like Part IX or Informal Agreements, all obligation-free.

Why Choose Debt Fix for Debt Consolidation?

Why People Choose Us Our Promise
20+ Years of Experience Helping Australians since 2005 
No Upfront Costs to Assess You  You don’t pay unless we help 
Understand Real Financial Stress  We’re not a bank, we listen 
Bad Credit Considered  We look beyond the numbers 
Honest Advice, Always  No pressure, just options
Australian-Owned and Operated No call centres, real support 
 Trusted by over 20,000 Australians across all states and cities. 

Compare Your Options

Features Debt Consolidation Loan Part IX Debt Agreement Informal Plan
Appears on Credit File Checked Icon Green Yes Checked Icon Green Yes(formal insolvency) Cross Icon Red No
Interest Charges  Checked Icon Green Yes(fixed or variable) Cross Icon Red Frozen Cross Icon Red None
One Repayment  Checked Icon Green Yes Checked Icon Green Yes Checked Icon Green Yes
Credit Restrictions  Cross Icon Red Minimal Checked Icon Green Yes (during term) Cross Icon Red None
ATO/BNPL/Medical Bills Included  Checked Icon Green Sometimes Checked Icon Green Yes Checked Icon Green Yes
Legal Protection from Creditors  Cross Icon Red No Checked Icon Green Yes Cross Icon Red No

What Australians Say About Debt Fix

Ready to See If a Debt Consolidation Loan Is Right? 

No more juggling repayments. No more interest stacking up. No more sleepless nights. 
With Debt Fix, help starts with a single step and no upfront cost. 

Location Icon Serving all of Australia: NSW, VIC, QLD, SA, WA, TAS, ACT & NT — online and by phone 

FAQs - Debt Consolidation Loans

Yes, by reducing your interest rate and spreading the repayment over time, you may lower what you pay monthly. We’ll show you the comparisons.

Not always. We work with lenders who offer bad credit loans, depending on your income, affordability, and payment history.

We do soft checks first (no impact). Applying and taking out a loan may cause a short-term dip, but on-time repayments can improve your score over time.

Yes. We regularly help with Afterpay, Zip, Humm, and similar services as part of your consolidation.

That depends on your situation. A loan keeps your credit record intact, but if you're behind on repayments or can't afford minimums, a debt agreement may offer more protection. We’ll help you compare.

If approved, some lenders offer same-day funding. Others may take 2–3 business days depending on checks.

Yes, if you have proof of income (bank statements, BAS, etc.), we may still be able to help.

We explain every offer clearly, including the real cost and comparison rate, so there are no surprises.

We’ll never leave you hanging. If a loan isn’t right, we can talk about informal or formal debt relief options, often with better outcomes.

Absolutely. We can often roll in unsecured debts like old cards, medical payments, and utilities.

We’ll talk through flexible solutions or alternatives like informal arrangements if your situation changes.

No — we work with a panel of responsible lenders. You’ll always deal with us first, and we’ll walk you through any steps.
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