Debt Consolidation in 2025 is still worth considering for many Australians dealing with high-interest debts if done the right way.
What Is Debt Consolidation in 2025?
Debt consolidation is a smart strategy where you combine multiple debts like credit cards, personal loans, or BNPL into a single loan with one interest rate and a single monthly repayment.
Why Consider It Now?
High Household Debt Levels
Nearly 46% of Australians started 2025 in debt, especially from credit cards and personal loans.
Cost-of-Living & Rising Rates
With inflation and interest rates steady or rising, managing multiple variable-rate debts is tougher. Consolidating helps by locking in a stable