Debt consolidation
One structured loan can be more powerful than five scattered debts
Credit cards, car loans and personal loans scattered across different lenders quietly cost more than most people realise. I structure consolidation to shorten your path to being debt-free, not just to lower this month’s repayment.
Prefer to talk first? Call Durand direct on 0450 275 656
Consolidating four debts into one before their first baby arrived
Situation: Four debts and a baby on the way.
Result: $1,022 a month freed up for maternity leave.
Simon and Julia were expecting their first baby and wanted to tidy up their finances first. Simon is an ambulance driver and Julia works in planning at their local council, and she was about to start maternity leave.
They were juggling a $439,000 home loan, a $5,300 personal loan, a $12,000 solar panel debt on a very high rate and a $43,000 car loan. With a $5,000 emergency buffer added, their consolidated lending came to $505,000, and four repayments of around $4,080 a month came down to $3,058, a saving of $1,022 a month or $12,264 a year.
I set the new loan up as variable with an offset account, redraw and a 30 year term. They can pay the minimum while Julia is on leave, then put that $1,022 straight back into the loan once she returns to work, so the debt comes down sooner rather than just costing less each month.
That saving mattered most during the exact period it was needed, giving Julia the breathing room to take her full 12 months of maternity leave without leaning too heavily on their savings.
The result was a family starting parenthood with one simple repayment instead of four, real breathing room during maternity leave, and a clear plan to pay the loan down faster once they’re back to two incomes.
Sound like your situation? Tell me what you’re juggling and I’ll show you whether consolidating will actually leave you ahead.
Consolidation done properly moves you forward
Rolling credit cards, personal loans and car finance into your home loan can lower your monthly repayments and simplify your finances. Done carelessly, it can also quietly stretch short-term debt over a 30-year term, costing you more in the long run. The difference comes down to structure, directing the freed-up cash flow back into extra repayments, rather than simply spreading the same debt more thinly.
It suits you if you are
- Juggling multiple credit cards or personal loans
- Paying high interest rates on scattered debts
- Wanting one simple repayment instead of several
- Ready to commit to a genuinely faster payoff plan
- Feeling like your minimum repayments are going nowhere
Why clients choose me for debt consolidation
I don’t just consolidate for the sake of a lower repayment, I structure it so you actually get ahead.
How I can help
Combining your debts isn’t the goal. Getting you out of them faster is. Here’s where I focus for every consolidation.
Honest cost comparison
Weighing interest saved against the risk of stretching short-term debt over 30 years.
Choosing what to consolidate
Not every debt belongs in your home loan. I help you decide what to combine and what to leave.
Structuring for faster payoff
Directing the savings back into extra repayments so you get ahead, not just breathe easier.
Adding offset for flexibility
Combining consolidation with an offset account so your cash still works for you.
How consolidating with me works
Debt can feel overwhelming. The process working with me shouldn’t be.
Why professionals work with me
You’ll deal with me from the first conversation to settlement, and I’ll keep an eye on the plan as the debts come down.
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Debt consolidation FAQs
What debts can I consolidate into my home loan?
Common candidates include credit cards, personal loans, car loans and, in some cases, tax debts. Whether each one belongs in your home loan depends on the interest rate, remaining term, and your broader financial goals.
Will debt consolidation lower my monthly repayments?
Usually, yes, since home loan interest rates are typically much lower than credit card or personal loan rates. The key is directing at least some of that saving back into extra repayments, rather than just enjoying the lower minimum.
Does consolidating debt hurt my credit score?
Applying for any new credit can cause a small, temporary dip in your credit score. Over time, consistently making repayments on one consolidated loan, rather than juggling several accounts, generally supports a healthier credit profile.
What is the risk of consolidating short-term debt into my mortgage?
A car loan you might have paid off in five years can quietly stretch to 30 years if it’s simply rolled into your mortgage without a plan. I structure consolidation with a clear extra-repayment strategy to avoid this trap.
Ready to bring your debts together?
Tell me what you’re juggling and I’ll come back with a clear, honest plan to bring it together.
Related reading
Want to go deeper before you get in touch? Start here.
Debt recycling: a case study
How one couple turned their mortgage into a wealth-building tool.
11 strategies to help pay off your mortgage sooner
Practical ways to bring your home loan payoff date forward.
Explore more lending options
Consolidation is often the first step toward a bigger strategy. Here’s where else to look.
Refinancing solutions
See whether a better loan structure is available beyond consolidation alone.
Home loans
Understand how your home loan itself could be better structured.
Debt recycling strategy
Turn released equity into a structured, tax-effective wealth-building strategy.