Debt consolidation Sydney
How does debt consolidation work in Sydney?
Rolling multiple debts into one repayment only works if the file reads like a risk downgrade. Use this guide to package your Sydney consolidation plan correctly.
What are the key takeaways (TL;DR)?
- Audit every debt: balance, rate, repayment, exit fee.
- Present before/after cash flow so lenders see the benefit.
- Prove accounts will close after payout.
What is the step-by-step consolidation process?
- List every debt with balance, rate and repayment.
- Decide whether to use a personal loan, refinance or equity release.
- Prepare payout letters and closure instructions.
- Lodge with NewGen so we can negotiate terms and cashback offers.
Why do Sydney lenders say yes?
They want evidence that your risk is dropping. That means lower repayments, cleaner statements and closed accounts. We help you compile the proof and add our commentary so assessors understand the story.
Which Sydney resources should you read next?
Need a full-service broker? Start at the Finance Broker Sydney page. Considering a vehicle or additional funding? Review Car Loans Sydney and Personal Loans Sydney.