Debt Consolidation Melbourne

When The Cost of Living Bites

Melbourne is a good place to live, but it is not a cheap one. Between rent or a mortgage, transport, groceries and childcare, many households find most of their income is committed before anything else is touched. Add a few debts to that and ordinary expenses start to bite.

We speak with Melbourne families every week who were managing fine until something unexpected landed — a medical bill, a car repair, a drop in hours — and repayments to several different lenders became hard to keep track of.

What Is Debt Consolidation?

Debt consolidation combines your existing debts into a single loan or payment plan. Instead of managing several repayments to multiple lenders, you make one payment each month. The aim is a single due date and a single lender to deal with, rather than several.

You can usually consolidate a wide range of debts, including:

• Credit card balances
• Personal loans
• ATO debts
• Store cards or equipment loans
• Buy Now Pay Later accounts
• Some home loan-related debts

Whether you are managing two accounts or ten, it is worth understanding how consolidation would work in your situation before deciding anything.

How Debt Negotiators Can Help

Our role is to help you understand what is actually available to you. When you speak with us, we will:

• Look at your current financial position
• Help you put together a realistic budget
• Walk you through the options available, including debt consolidation
• Explain what each option involves, and what the risks are
• Support you in making an informed decision

Initial consultations are free and there is no obligation. Our consultants are trained in debt solutions and the debt negotiation process, and they will give you a straight answer about what is and is not likely to be available in your circumstances.