What types of debt can I consolidate?
Debt consolidation loans are usually used for high-interest credit cards.
There are some instances where other debts can also be consolidated but it’s important to do your research and chat with your lender.
Does debt consolidation hurt my credit scores?
A debt consolidation loan requires a hard enquiry on your credit so yes, it will affect your credit scores.
Making your repayments on time and paying off your debts are good financial habits that can improve your credit scores over time.
How do I apply for a debt consolidation loan?
You can apply for debt consolidation with Wisr, any Australian bank, credit union or online lender.
Why not get a free rate estimate now? taking a look won’t hurt your credit scores.
How do I know if I’m eligible?
The first step is to check your credit scores and credit history.
You can check your scores for free with Wisr and request your credit report from Equifax, illion or Experian.
Once you know where you stand, do some research and work out which lender is right for you.
Different lenders may have different eligibility criteria so it’s best to view each one separately.
Once you’ve settled on a lender, get a free rate estimate and apply for your loan.