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Combine Debts, Reduce Payments And Stress With Consolidation

Are you feeling swamped by multiple debts, including personal loans, credit cards and home finance? Is it a struggle to meet your repayments each month? Consolidation is a form of debt relief that can help you lighten the load – financially and mentally.

Debt consolidation involves combining multiple debts into a single loan with one loan repayment. It enables you to reduce interest by paying out high-interest debts, increase and improve your cash flow, remove excess fees, and simplify your payments – reducing stress.

Consolidation can be tailored to suit your specific circumstances. However, there are several things to consider before you go ahead. This includes the interest and fees on existing debts, interest charges on your new versus your existing debts, repayment comparisons, and the setup and account-keeping fees for your new loan.

debt solution

The debt consolidation process

Determining Your Position

Once you’ve contacted one of our debt consolidation specialists, they’ll talk through your financial position with you. They’re not here to judge; they simply want to understand your challenges through an instant assessment.

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Defining The Budget

After discussing your personal debts and overall financial position, together we’ll work out how much you can afford to pay each month based on your income and basic living expenses.

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Customising A Solution

Your specialist will investigate all options available, considering things such as your interest rate and repayment amount, and recommend the best solution for you. If you agree, they’ll help set it up for you.

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Consolidate Your Debts and Save

When debts start piling up, they become a lot harder to manage and it can be quite stressful. Use our Debt Consolidation Calculator to help work out how you could combine your unsecured debts into one, affordable payment, reduce stress and get your finances back on track.

Unsecured Debt 1

$0.00

Debt Type

The type of unsecured debt

Debt Amount

Your total unsecured debt amount.
$

Repayment Amount

How much you are paying every period towards this debt.
$

Repayment Frequency

How often you are making the payment.
Clear
Update
Remove
Add

Unsecured Debt 2

$0.00

Debt Type

The type of unsecured debt

Debt Amount

Your total unsecured debt amount.
$

Repayment Amount

How much you are paying every period towards this debt.
$

Repayment Frequency

How often you are making the payment.
Clear
Update
Remove
Add

Unsecured Debt 3

$0.00

Debt Type

The type of unsecured debt

Debt Amount

Your total unsecured debt amount.
$

Repayment Amount

How much you are paying every period towards this debt.
$

Repayment Frequency

How often you are making the payment.
Clear
Update
Remove
Add

Unsecured Debt 4

$0.00

Debt Type

The type of unsecured debt

Debt Amount

Your total unsecured debt amount.
$

Repayment Amount

How much you are paying every period towards this debt.
$

Repayment Frequency

How often you are making the payment.
Clear
Update
Remove
Add

Unsecured Debt 5

$0.00

Debt Type

The type of unsecured debt

Debt Amount

Your total unsecured debt amount.
$

Repayment Amount

How much you are paying every period towards this debt.
$

Repayment Frequency

How often you are making the payment.
Clear
Update
Remove
Add

Unsecured Debt 6

$0.00

Debt Type

The type of unsecured debt

Debt Amount

Your total unsecured debt amount.
$

Repayment Amount

How much you are paying every period towards this debt.
$

Repayment Frequency

How often you are making the payment.
Clear
Update
Remove
Add

Unsecured Debt 7

$0.00

Debt Type

The type of unsecured debt

Debt Amount

Your total unsecured debt amount.
$

Repayment Amount

How much you are paying every period towards this debt.
$

Repayment Frequency

How often you are making the payment.
Clear
Update
Remove
Add

Unsecured Debt 8

$0.00

Debt Type

The type of unsecured debt

Debt Amount

Your total unsecured debt amount.
$

Repayment Amount

How much you are paying every period towards this debt.
$

Repayment Frequency

How often you are making the payment.
Clear
Update
Remove
Add

Unsecured Debt 9

$0.00

Debt Type

The type of unsecured debt

Debt Amount

Your total unsecured debt amount.
$

Repayment Amount

How much you are paying every period towards this debt.
$

Repayment Frequency

How often you are making the payment.
Clear
Update
Remove
Add

Unsecured Debt 10

$0.00

Debt Type

The type of unsecured debt

Debt Amount

Your total unsecured debt amount.
$

Repayment Amount

How much you are paying every period towards this debt.
$

Repayment Frequency

How often you are making the payment.
Clear
Update
Remove
Add

Total

$0.00

New Loan Duration (Years)

The loan duration for paying off your debts once they are consolidated into a single easily manageable payment.

New Repayment Frequency

How often you would like to make payments against your new loan.

Your Results

Old Repayments $0.00 per fortnight
New Repayment $0.00 per fortnight

Based on an interest rate of 10% p.a.

Trying to manage multiple debts can be difficult. Consolidating your debts into a single payment could make it easier to manage.

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Disclaimer

Calculator Disclaimer

The results from this calculator should be used as an indication only. Results do not represent either quotes or pre-qualifications for a loan or product. Results are based on information you have provided and does not take into account your personal circumstances. Using this calculator does not guarantee you will be eligible for a loan. You will need to satisfy your lender’s lending criteria. This calculator is not intended to be your sole source of information when making a financial decision. It is advised that you consult a professional financial advisor before taking out a loan.

Success Story

Kath is a 58 year-old-mum of one working full-time as a personal assistant. She had recently gone through a bad break-up.

Although they were married, their house and several personal loans were under Kath’s name. Her husband had been contributing to paying them down when they were together, but he was refusing to communicate since the messy split, leaving Kath to repay all the debts.

As interest rates were low, she tried to apply for a home loan refinance, but this only damaged her credit score further.

Our Solution

When Kath got in touch with us, she was stressed and depressed to the point of being medicated. Her financial struggles were only compounding what was already a lonely and challenging time emotionally.

Kath spoke to one of our specialists, who reassured her she wasn’t alone. Our solution was to look at reducing her unsecured debt amounts and consolidate the debts into a new home loan.

Positive Outcome

Reduction In Monthly Payments

We reduced her overall debt by approx. $30,000 and secured a lower interest home loan.

No More Juggling

By consolidating her debts into a single home loan, managing them was much easier.

Life Began Again

Kath felt free to get on with her life now that she could service the debts alone.

You're In Safe Hands

Non-judgmental Icon

Judgement-Free

At Revive Financial, we care about the stress and impact being in debt has on your wellbeing. We want to help you take back control with no judgement, just a helping hand.

Professional Icon

Financial Professionals

Revive Financial is proudly Australian owned and lead by a team of Chartered Accountants. Our qualified team have been helping Australians become debt free since 2005.

Tailored Solutions

Industry Leaders

Our dedicated team have been trusted by over 10,000 Australians to help take back control of their financial futures. It's what we do best so you can rest assured.

Our Customers Love Us

Download Our eBook

Learn how to turn negative to positive today with a FREE ebook produced by our team of finance professionals, just for you. This helpful guide outlays all of the debt management options available and will assist you in understanding how you can take back control of your financial future.

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Thank you for downloading our eBook. A copy has also been emailed to the address provided.

Frequently Asked Questions

How does a Debt Consolidation Work?

We will consolidate your existing debts by refinancing them into a new personal loan or home loan. By consolidating your existing debts, you can not only reduce the overall repayments you are making but save on interest too.

We have access to the most competitive interest rates in Australia, which could save you hundreds and thousands on interest.

Depending on your circumstances, we can also neogitate with your creditors to arrange a reduced payout of your existing debts as part of the Debt Consolidation, saving you even more.

Do I have to refinance my house to consolidate my debt?

No. We are able to consolidate your debts into a new personal loan, at a competitive interest rate.

Our loans are designed to help you take back control of your debt and live with a manageable repayment.

Can you help me access the equity in my home loan to repay my debt?

Yes, we can help you consolidate your debts and reduce your repayments through a new home loan. This could save you hundreds and thousands in interest and repayments.

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How Can We Assist You Today?

Business Debt Icon Business
Personal Debt Icon Personal
Please select an assistance option to continue.

Types Of Unsecured Debts

Credit Card Icon Credit/Store Cards
Personal Loan Icon Personal Loan
Pay Day Loan Icon Pay Day Loan
Tax Debt Icon Tax Debt
Disconnected Utility Bill Icon Utility Bill
Other Debts Icon Other
Please select at least one type of unsecured debt.

Your Business Structure

Sole Trader Icon Sole Trader
Partnership Icon Partnership
Company Icon Pty Ltd Company
Trust Icon Trust
Please select at business structure to continue.

Unsecured Debt Amount

$10,000
$1,000
$100,000+

Business Debt Amount

$100,000
$10,000
$1,000,000+

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