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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.
How a Debt Consolidation Loan Can Help You
This option may be right if:
Combine credit cards, payday loans, or personal loans into one
Simplify your budget with a single repayment
Lower your overall interest rate (compared to unsecured debts)
Reduce stress from multiple due dates or missed payments
Improve your credit score over time (with on-time payments)
Avoid 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.
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.
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.
Debt Fix Loan Consolidation Process
Free Loan Assessment
Talk to our team, we’ll review your income, debts and affordability.
Soft Credit Review
We check your file (without affecting your score) to see what you’re eligible for.
Matched to a Responsible Lender
If a loan fits your situation, we’ll connect you to a licensed lender, no pressure.
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?
Trusted by over 20,000 Australians across all states and cities.
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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.