Finance

Debt Consolidation Explained: How One Loan Can Help You Get Ahead

  •  
5min
2/10/2025
Nathan Hanna
Director

Multiple credit cards. Afterpay. Personal loans. It’s easy for repayments to spiral. If juggling different due dates and interest rates is stressing you out, debt consolidation might be the reset you need.

What Is Debt Consolidation?

Debt consolidation combines multiple debts into one manageable loan with a single repayment and interest rate. Instead of paying high interest across multiple accounts, you streamline your debts into one structured plan.

Why Consider It?

  • Simplify your repayments — one loan, one schedule
  • Reduce your interest rate — often lower than credit card debt
  • Get back in control — budget confidently with predictable payments
  • Improve your credit score — by closing high-interest accounts

The Role of a Finance Broker

A Perth finance broker like Hanna Lending Services can compare dozens of personal loan options to find one that genuinely helps you move forward, not just shift debt around. We’ll ensure the structure, term, and interest rate align with your financial goals.

Takeaway

If you’re feeling stretched, consolidation finance could be your path back to financial breathing room. Talk to Hanna Lending Services today and see what a smarter loan can do for your peace of mind.

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Nathan Hanna
Director
Nathan has 10 years experience as a finance broker, helping Australians find the right loan. Nathan will work with you to get your next asset or personal finance.

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