Searching for a
Debt Consolidation Loan?

Overwhelmed by multiple debts?

Learn why our debt negotiation approach is more effective than a traditional consolidation loan.

Are you feeling overwhelmed by multiple debts? Struggling to keep up with various payments to different lenders? Many Australians find themselves in this situation, desperately searching for debt consolidation options, in order to streamline payments. While consolidation loans seem like a straightforward solution, there’s a more effective way to manage your debt and at the same time, break the debt cycle once and for all.

Why Reconsidering Getting a Debt Consolidation Loan Might Be A Good Idea?

Debt Consolidation might seem like a straightforward solution to streamline your finances by bundling multiple debts into a single repayment. However, it’s crucial to delve deeper into the potential repercussions.

Applying for a debt consolidation loan often leads to being perceived as a high-risk borrower, which can subject you to higher interest rates and stricter credit conditions.

While consolidating debts can offer a more manageable monthly payment, it’s essential to evaluate the total repayment amount over time.

With rising living costs, it’s crucial to consider if the long-term cost (how much extra you will pay in interest, fees and charges) of a debt consolidation loan outweigh the immediate relief it offers.

The Debt Consolidation Loan Trap:

Consolidation loans require you to qualify for more credit

High-risk borrowers may face higher interest rates

You might end up with both the consolidation loan and original debts if not managed correctly

Paying debt with more debt doesn’t solve or address the root of the problem

Debunking Myths: Why a Part 9 Debt Agreement Isn't A Debt Consolidation Loan

A Part 9 Debt Agreement is not a debt consolidation loan; it’s a form of bankruptcy that allows you to settle debts by agreeing on a fixed repayment amount with creditors, unlike consolidation loans which combine multiple debts into a single loan with potentially lower interest rates.

A Better Alternative: Debt Negotiation and Debt Relief At Debt Angel Solutions

We offer a holistic approach to debt management that goes beyond traditional consolidation:

Reduce or Freeze Interest Rates: Instead of high-interest consolidation loans, we work to reduce of freeze your current interest rates.

Reduce Payments: We negotiate with creditors to lower your overall payments.

Create a Manageable Payment Plan: We negotiate manageable payment plans to fit your budget, ensuring they are realistic and sustainable for your financial situation.

Debt Reduction: Potentially settle or reduce your debts for less than the current outstanding balance.

Break the Debt Cycle: We provide coaching to tackle the root causes of financial struggles, ensuring lasting solutions beyond debt negotiation.

(Re) establish Money Management Habits: Implement effective financial practices to secure long-term financial stability.

Why Choose Debt Negotiation Over Debt Consolidation?

No New Loans: Avoid taking on more debt to pay off existing debts.

Flexible Solutions: Tailored solutions that work with your current financial situation.

Credit Recovery: Improve your credit file by avoiding new loan applications, allowing old marks to clear, and enhancing your overall credit standing.

Improve Financial Health: Focus on breaking the debt cycle, not just reorganising it.

****”If nothing changes, nothing changes.” It’s time to do something different.

Types of Debts We Handle:

Credit Card Debts
Personal Loan Debts
Payday Loan Debts
Buy Now, Pay Later Accounts
Car Loans
Mortgages
Business Loans
And more…

Testimonials

What Our Clients Say

My god, these guys are incredible. After helping my mum sort out her finances I got them to take a look at my fairly unmanageable finances to see what they could do for me.They negotiated with my financial institutions to consolidate my debts, including dramatically reducing the amount owing AND, here's the clincher, managed to make ALL my debts interest free so I can actually manage to get on top of things. This was life changing. Don't hesitate. They are beyond good and Maxine was an utter treat to deal with. Don't call them tomorrow. CALL THEM NOW!

Adam Towers Google Review

Thank You Kitty, Sophie, Charli, Lauren, Michael and the rest of the Debt Angel Solutions team for your help in getting me to be in control of my finances.

I highly recommend Kitty and the Debt Angels to anyone who is struggling with their debt.

Christina Sison Google Review