Debt doesn't have to be difficult

Get a sense of direction by mapping out all of your debt in one place.

To start, simply add your current debts into Debt Bustr - think credit cards, Buy Now Pay Later, car loans and personal loans (just can’t add secured debts like your mortgage).

Then note how much you owe, your repayment amounts, frequencies and the interest rate for each. Having these details handy, along with your credit score makes the whole process a breeze.  

Get a clear view of what you're paying and how long the path is to becoming debt free.

Once you’ve added all your debts into Debt Bustr, you’ll have a much clearer view of how much you owe in total, plus interest (aka how much your borrowing is really going to cost you). Seeing the big picture might seem a bit overwhelming at first, but it’s a really positive step towards tackling your debts and taking back control.

We’ll also tell you how long it will take you to pay off your debts if you stick to your current repayment plan. 

This is where we run the numbers based on what you’ve told us and check if a Wisr Debt Consolidation loan could save you money or help you reach debt freedom faster. 

If consolidation looks like a smart move, you can easily find out if you’re eligible for a Wisr Debt Consolidation loan by getting an personalised rate estimate. It’s completely free, there’s no obligation to proceed and it won’t impact your credit score. 

Pro tip: Knowing your credit scores can help give you a more accurate result. Check your credit score for free with Wisr.

If you do decide to go ahead with a Wisr debt consolidation loan then it’s also a good idea to download the Wisr App. It’s packed with tools to help manage your loan, make one time payments and track your progress.

A Debt Consolidation loan is a loan that’s used to clear the outstanding balances on other credit products, such as credit cards, personal loans or Buy Now Pay Later. You can use the loan to repay just one debt or multiple.

Basically, any unsecured debts. This typically includes:

• Credit cards

• Store cards

• Buy Now Pay Later

• Personal loans

• Unsecured car finance

• Overdrafts

Leaving high-interest debts like credit cards and BNPL can cost you more in the long run. Because of compound interest, your balance rolls over and grows bigger every single month you don't take action. 

The sooner you step in, the easier it is to take control and save.

With a Wisr Debt Consolidation loan, you can borrow anywhere from $5,000 to $62,000. You can choose flexible loan terms of 3, 5, or 7 years to ensure your new single repayment fits comfortably within your budget.

Getting a rate estimate with Wisr’s DebtBustr tool will not impact your credit score. If you officially apply for the loan, a hard credit check is recorded, and your score may change. 

Combining multiple debts and making consistent, on-time repayments on your new loan can actually help improve your credit score over time.

Disclaimer: This content is for informational purposes only and does not constitute financial advice, nor should it be relied upon as such. Readers should seek independent professional advice tailored to their financial situation before making any decisions.