Personal Finance Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Loans Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Personal Loans Understanding Debt Consolidation in 2024 Written by Melanie Lockert; edited by Richard Richtmyer 2024-07-17T15:50:54Z Share icon An curved arrow pointing right. Share Facebook Icon The letter F. Facebook Email icon An envelope. It indicates the ability to send an email. Email Twitter icon A stylized bird with an open mouth, tweeting. Twitter LinkedIn icon…</p> <p>Read the full article at: <a rel="nofollow" target="_blank" rel="noopener noreferrer" href="https://www.businessinsider.com/personal-finance/personal-loans/what-is-debt-consolidation">https://www.businessinsider.com/personal-finance/personal-loans/what-is-debt-consolidation</a></p> </div><div class="post-meta wf-mobile-collapsed"><div class="entry-meta"><span class="category-link">Category: <a href="https://insolvencyguardian.com.au/blog-view/category/debt-help/" >Debt Help</a></span><a class="author vcard" href="https://insolvencyguardian.com.au/blog-view/author/inin1700admin/" title="View all posts by Insolvency Guardian" rel="author">By <span class="fn">Insolvency Guardian</span></a><a href="https://insolvencyguardian.com.au/blog-view/2024/07/17/" title="1:01 pm" class="data-link" rel="bookmark"><time class="entry-date updated" datetime="2024-07-17T13:01:08+10:00">July 17, 2024</time></a></div></div><nav class="navigation post-navigation" role="navigation"><h2 class="screen-reader-text">Post navigation</h2><div class="nav-links"><a class="nav-previous" href="https://insolvencyguardian.com.au/blog-view/5-best-companies-for-credit-card-debt-forgiveness-cbs-news/" rel="prev"><i class="icomoon-the7-font-the7-arrow-29-3" aria-hidden="true"></i><span class="meta-nav" aria-hidden="true">Previous</span><span class="screen-reader-text">Previous post:</span><span class="post-title h4-size">5 best companies for credit card debt forgiveness – CBS News</span></a><a class="nav-next" href="https://insolvencyguardian.com.au/blog-view/katie-prices-sun-soaked-holidays-despite-bankruptcy/" rel="next"><i class="icomoon-the7-font-the7-arrow-29-2" aria-hidden="true"></i><span class="meta-nav" aria-hidden="true">Next</span><span class="screen-reader-text">Next post:</span><span class="post-title h4-size">Katie Price’s sun-soaked holidays despite bankruptcy</span></a></div></nav><div class="single-related-posts"><h3>Related Posts</h3><section class="items-grid"><div class=" related-item"><article class="post-format-standard"><div class="mini-post-img"><a class="alignleft post-rollover no-avatar" href="https://insolvencyguardian.com.au/blog-view/student-loan-borrowers-outraged-when-payments-increase-after-courts-blocked-biden-era-programs-im-sick-thegrio/" style="width:110px; height: 80px;" aria-label="Post image"></a></div><div class="post-content"><a href="https://insolvencyguardian.com.au/blog-view/student-loan-borrowers-outraged-when-payments-increase-after-courts-blocked-biden-era-programs-im-sick-thegrio/">Student loan borrowers outraged when payments increase after courts blocked Biden-era programs: ‘I’m sick’ – TheGrio</a><br /><time class="text-secondary" datetime="2025-04-01T03:02:36+10:00">April 1, 2025</time></div></article></div><div class=" related-item"><article class="post-format-standard"><div class="mini-post-img"><a class="alignleft post-rollover layzr-bg" href="https://insolvencyguardian.com.au/blog-view/the-cost-of-dads-gambling-who-really-pays/" aria-label="Post image"><img class="preload-me lazy-load" src="data:image/svg+xml,%3Csvg%20xmlns%3D'http%3A%2F%2Fwww.w3.org%2F2000%2Fsvg'%20viewBox%3D'0%200%20110%2080'%2F%3E" data-src="https://insolvencyguardian.com.au/assets/uploads/2025/04/Who-Pays-When-Dad-Has-Gambling-Problem_FI-110x80.webp" data-srcset="https://insolvencyguardian.com.au/assets/uploads/2025/04/Who-Pays-When-Dad-Has-Gambling-Problem_FI-110x80.webp 110w, https://insolvencyguardian.com.au/assets/uploads/2025/04/Who-Pays-When-Dad-Has-Gambling-Problem_FI-220x160.webp 220w" width="110" height="80" alt="" /></a></div><div class="post-content"><a href="https://insolvencyguardian.com.au/blog-view/the-cost-of-dads-gambling-who-really-pays/">The Cost of Dad’s Gambling: Who Really Pays?</a><br /><time class="text-secondary" datetime="2025-04-01T02:56:44+10:00">April 1, 2025</time></div></article></div><div class=" related-item"><article class="post-format-standard"><div class="mini-post-img"><a class="alignleft post-rollover layzr-bg" href="https://insolvencyguardian.com.au/blog-view/should-you-pay-credit-card-debt-with-your-tax-refund/" aria-label="Post image"><img class="preload-me lazy-load" src="data:image/svg+xml,%3Csvg%20xmlns%3D'http%3A%2F%2Fwww.w3.org%2F2000%2Fsvg'%20viewBox%3D'0%200%20110%2080'%2F%3E" data-src="https://insolvencyguardian.com.au/assets/uploads/2025/04/gettyimages-1471709502-110x80.jpg" data-srcset="https://insolvencyguardian.com.au/assets/uploads/2025/04/gettyimages-1471709502-110x80.jpg 110w, https://insolvencyguardian.com.au/assets/uploads/2025/04/gettyimages-1471709502-220x160.jpg 220w" width="110" height="80" alt="" /></a></div><div class="post-content"><a href="https://insolvencyguardian.com.au/blog-view/should-you-pay-credit-card-debt-with-your-tax-refund/">Should you pay credit card debt with your tax refund?</a><br /><time class="text-secondary" datetime="2025-04-01T02:50:46+10:00">April 1, 2025</time></div></article></div><div class=" related-item"><article class="post-format-standard"><div class="mini-post-img"><a class="alignleft post-rollover layzr-bg" href="https://insolvencyguardian.com.au/blog-view/as-march-madness-betting-rises-help-for-problem-gambling-is-hard-to-find-shots/" aria-label="Post image"><img class="preload-me lazy-load" src="data:image/svg+xml,%3Csvg%20xmlns%3D'http%3A%2F%2Fwww.w3.org%2F2000%2Fsvg'%20viewBox%3D'0%200%20110%2080'%2F%3E" data-src="https://insolvencyguardian.com.au/assets/uploads/2025/04/urlhttp3A2F2Fnpr-brightspot.s3.amazonaws.com2Faf2F6b2F70218c874258abc73880f47be0cc2Fgettyim-110x80.jpeg" data-srcset="https://insolvencyguardian.com.au/assets/uploads/2025/04/urlhttp3A2F2Fnpr-brightspot.s3.amazonaws.com2Faf2F6b2F70218c874258abc73880f47be0cc2Fgettyim-110x80.jpeg 110w, https://insolvencyguardian.com.au/assets/uploads/2025/04/urlhttp3A2F2Fnpr-brightspot.s3.amazonaws.com2Faf2F6b2F70218c874258abc73880f47be0cc2Fgettyim-220x160.jpeg 220w" width="110" height="80" alt="" /></a></div><div class="post-content"><a href="https://insolvencyguardian.com.au/blog-view/as-march-madness-betting-rises-help-for-problem-gambling-is-hard-to-find-shots/">As March Madness betting rises, help for problem gambling is hard to find : Shots</a><br /><time class="text-secondary" datetime="2025-04-01T02:32:38+10:00">April 1, 2025</time></div></article></div><div class=" related-item"><article class="post-format-standard"><div class="mini-post-img"><a class="alignleft post-rollover layzr-bg" href="https://insolvencyguardian.com.au/blog-view/govts-equity-for-debt-plan-to-aid-vis-cash-flow-survival-concerns-persist/" aria-label="Post image"><img class="preload-me lazy-load" src="data:image/svg+xml,%3Csvg%20xmlns%3D'http%3A%2F%2Fwww.w3.org%2F2000%2Fsvg'%20viewBox%3D'0%200%20110%2080'%2F%3E" data-src="https://insolvencyguardian.com.au/assets/uploads/2025/04/3-0-118875096-DSC-2408-0_1679840318723_1743429305556-110x80.jpg" data-srcset="https://insolvencyguardian.com.au/assets/uploads/2025/04/3-0-118875096-DSC-2408-0_1679840318723_1743429305556-110x80.jpg 110w, https://insolvencyguardian.com.au/assets/uploads/2025/04/3-0-118875096-DSC-2408-0_1679840318723_1743429305556-220x160.jpg 220w" width="110" height="80" alt="" /></a></div><div class="post-content"><a href="https://insolvencyguardian.com.au/blog-view/govts-equity-for-debt-plan-to-aid-vis-cash-flow-survival-concerns-persist/">Govt’s equity-for-debt plan to aid Vi’s cash flow; survival concerns persist</a><br /><time class="text-secondary" datetime="2025-04-01T00:59:54+10:00">April 1, 2025</time></div></article></div><div class=" related-item"><article class="post-format-standard"><div class="mini-post-img"><a class="alignleft post-rollover layzr-bg" href="https://insolvencyguardian.com.au/blog-view/clear-start-tax-helps-client-reduce-tax-debt-from-9059-to-just-323-securing-financial-relief-region/" aria-label="Post image"><img class="preload-me lazy-load" src="data:image/svg+xml,%3Csvg%20xmlns%3D'http%3A%2F%2Fwww.w3.org%2F2000%2Fsvg'%20viewBox%3D'0%200%20110%2080'%2F%3E" data-src="https://insolvencyguardian.com.au/assets/uploads/2025/03/eb1e85e6-05b9-11e7-b62c-6b1accec9988-110x80.jpg" data-srcset="https://insolvencyguardian.com.au/assets/uploads/2025/03/eb1e85e6-05b9-11e7-b62c-6b1accec9988-110x80.jpg 110w, https://insolvencyguardian.com.au/assets/uploads/2025/03/eb1e85e6-05b9-11e7-b62c-6b1accec9988-220x160.jpg 220w" width="110" height="80" alt="" /></a></div><div class="post-content"><a href="https://insolvencyguardian.com.au/blog-view/clear-start-tax-helps-client-reduce-tax-debt-from-9059-to-just-323-securing-financial-relief-region/">Clear Start Tax Helps Client Reduce Tax Debt from $9,059 to Just $323, Securing Financial Relief | Region</a><br /><time class="text-secondary" datetime="2025-03-31T23:35:21+10:00">March 31, 2025</time></div></article></div></section></div> </article> </div><!-- #content --> </div><!-- .wf-container --> </div><!-- .wf-wrap --> </div><!-- #main --> <!-- !Footer --> <footer id="footer" class="footer solid-bg"> <!-- !Bottom-bar --> <div id="bottom-bar" class="logo-left" role="contentinfo"> <div class="wf-wrap"> <div class="wf-container-bottom"> <div id="branding-bottom"><a class="" href="https://insolvencyguardian.com.au/"><img class=" preload-me" src="https://insolvencyguardian.com.au/assets/uploads/2019/10/IGlogo-Shield-small.png" srcset="https://insolvencyguardian.com.au/assets/uploads/2019/10/IGlogo-Shield-small.png 60w, https://insolvencyguardian.com.au/assets/uploads/2019/10/IGlogo-Shield-medium.png 150w" width="60" height="60" sizes="60px" alt="Insolvency Guardian" /></a></div> <div class="wf-float-left"> © Insolvency Advisory Accountants Pty Ltd trading as Insolvency Guardian Australia. </div> <div class="wf-float-right"> <div class="bottom-text-block"><p><a href="/disclaimer/">Disclaimer</a></p> </div> </div> </div><!-- .wf-container-bottom --> </div><!-- .wf-wrap --> </div><!-- #bottom-bar --> </footer><!-- #footer --> <a href="#" class="scroll-top"><span class="screen-reader-text">Go to Top</span></a> </div><!-- #page --> <script type="text/javascript"> document.addEventListener( 'wpcf7mailsent', function( event ) { dataLayer.push({'event': 'submitForm', 'formName': 'Enquiry'}); }, false ); </script> <script type='text/javascript'> const lazyloadRunObserver = () => { const lazyloadBackgrounds = document.querySelectorAll( `.e-con.e-parent:not(.e-lazyloaded)` ); const lazyloadBackgroundObserver = new IntersectionObserver( ( entries ) => { entries.forEach( ( entry ) => { if ( entry.isIntersecting ) { let lazyloadBackground = entry.target; if( lazyloadBackground ) { lazyloadBackground.classList.add( 'e-lazyloaded' ); } lazyloadBackgroundObserver.unobserve( entry.target ); } }); }, { rootMargin: '200px 0px 200px 0px' } ); lazyloadBackgrounds.forEach( ( lazyloadBackground ) => { lazyloadBackgroundObserver.observe( lazyloadBackground ); } ); }; const events = [ 'DOMContentLoaded', 'elementor/lazyload/observe', ]; events.forEach( ( event ) => { document.addEventListener( event, lazyloadRunObserver ); } ); </script> <!-- Call Now Button 1.5.0 (https://callnowbutton.com) [renderer:modern]--> <a aria-label="Call Now Button" href="tel:1300607060" id="callnowbutton" class="call-now-button cnb-zoom-100 cnb-zindex-10 cnb-single cnb-right cnb-displaymode cnb-displaymode-mobile-only" style="background-image:url(data:image/svg+xml;base64,PHN2ZyB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciIHZpZXdCb3g9IjAgMCAzMiAzMiI+PHBhdGggZD0iTTI3LjAxMzU1LDIzLjQ4ODU5bC0xLjc1MywxLjc1MzA1YTUuMDAxLDUuMDAxLDAsMCwxLTUuMTk5MjgsMS4xODI0M2MtMS45NzE5My0uNjkzNzItNC44NzMzNS0yLjM2NDM4LTguNDM4NDgtNS45Mjk1UzYuMzg3LDE0LjAyOCw1LjY5MzMsMTIuMDU2MTVBNS4wMDA3OCw1LjAwMDc4LDAsMCwxLDYuODc1NzMsNi44NTY4N0w4LjYyODc4LDUuMTAzNzZhMSwxLDAsMCwxLDEuNDE0MzEuMDAwMTJsMi44MjgsMi44Mjg4QTEsMSwwLDAsMSwxMi44NzEsOS4zNDY4TDExLjA2NDcsMTEuMTUzYTEuMDAzOCwxLjAwMzgsMCwwLDAtLjA4MjEsMS4zMjE3MSw0MC43NDI3OCw0MC43NDI3OCwwLDAsMCw0LjA3NjI0LDQuNTgzNzQsNDAuNzQxNDMsNDAuNzQxNDMsMCwwLDAsNC41ODM3NCw0LjA3NjIzLDEuMDAzNzksMS4wMDM3OSwwLDAsMCwxLjMyMTcxLS4wODIwOWwxLjgwNjIyLTEuODA2MjdhMSwxLDAsMCwxLDEuNDE0MTItLjAwMDEybDIuODI4OCwyLjgyOEExLjAwMDA3LDEuMDAwMDcsMCwwLDEsMjcuMDEzNTUsMjMuNDg4NTlaIiBmaWxsPSIjZmZmZmZmIi8+PC9zdmc+); background-color:#009900;" onclick='ga("send", "event", "Contact", "Call Now Button", "Phone");return gtag_report_conversion("tel:1300607060");'><span>Call Now Button</span></a><script type='text/javascript' src='https://insolvencyguardian.com.au/assets/themes/dt-the7/js/main.min.js?ver=9.9.2' id='dt-main-js'></script> <script type='text/javascript' src='https://app.clickfunnels.com/assets/cfpop.js?ver=1.0.0' id='cf_clickpop-js'></script> <script type='text/javascript' src='https://insolvencyguardian.com.au/wp-includes/js/dist/vendor/wp-polyfill-inert.min.js?ver=3.1.2' id='wp-polyfill-inert-js'></script> <script type='text/javascript' src='https://insolvencyguardian.com.au/wp-includes/js/dist/vendor/regenerator-runtime.min.js?ver=0.13.11' id='regenerator-runtime-js'></script> <script type='text/javascript' src='https://insolvencyguardian.com.au/wp-includes/js/dist/vendor/wp-polyfill.min.js?ver=3.15.0' id='wp-polyfill-js'></script> <script type='text/javascript' id='contact-form-7-js-extra'> /* <![CDATA[ */ var wpcf7 = {"api":{"root":"https:\/\/insolvencyguardian.com.au\/wp-json\/","namespace":"contact-form-7\/v1"}}; /* ]]> */ </script> <script type='text/javascript' src='https://insolvencyguardian.com.au/assets/plugins/contact-form-7/includes/js/index.js?ver=5.5.4' id='contact-form-7-js'></script> <script type='text/javascript' src='https://insolvencyguardian.com.au/assets/plugins/elementskit-lite/libs/framework/assets/js/frontend-script.js?ver=3.4.8' id='elementskit-framework-js-frontend-js'></script> <script id="elementskit-framework-js-frontend-js-after" type="text/javascript"> var elementskit = { resturl: 'https://insolvencyguardian.com.au/wp-json/elementskit/v1/', } </script> <script type='text/javascript' src='https://insolvencyguardian.com.au/assets/plugins/elementskit-lite/widgets/init/assets/js/widget-scripts.js?ver=3.4.8' id='ekit-widget-scripts-js'></script> <script type='text/javascript' id='wpfront-scroll-top-js-extra'> /* <![CDATA[ */ var wpfront_scroll_top_data = {"data":{"css":"#wpfront-scroll-top-container{display:none;position:fixed;cursor:pointer;z-index:9999;opacity:0}#wpfront-scroll-top-container div.text-holder{padding:3px 10px;border-radius:3px;-webkit-border-radius:3px;-webkit-box-shadow:4px 4px 5px 0 rgba(50,50,50,.5);-moz-box-shadow:4px 4px 5px 0 rgba(50,50,50,.5);box-shadow:4px 4px 5px 0 rgba(50,50,50,.5)}#wpfront-scroll-top-container a{outline-style:none;box-shadow:none;text-decoration:none}#wpfront-scroll-top-container {right: 20px;bottom: 20px;} #wpfront-scroll-top-container img {\n width: 75px;\n height: 75px;\n }\n ","html":"<div id=\"wpfront-scroll-top-container\"><img src=\"http:\/\/insolvencyguardian.com.au\/assets\/uploads\/2020\/05\/scroll-to-top-icon.png\" alt=\"\/assets\/uploads\/2020\/05\/scroll-to-top-icon.png\" title=\"\" \/><\/div>","data":{"hide_iframe":false,"button_fade_duration":200,"auto_hide":false,"auto_hide_after":2,"scroll_offset":220,"button_opacity":0.8,"button_action":"top","button_action_element_selector":"","button_action_container_selector":"html, body","button_action_element_offset":"0","scroll_duration":600}}}; /* ]]> */ </script> <script src="https://insolvencyguardian.com.au/assets/plugins/wpfront-scroll-top/js/wpfront-scroll-top.min.js?ver=2.2.10081" id="wpfront-scroll-top-js" async="async" defer="defer"></script> <script type='text/javascript' src='https://insolvencyguardian.com.au/assets/plugins/bj-lazy-load/js/bj-lazy-load.min.js?ver=2' id='BJLL-js'></script> <script type='text/javascript' src='https://insolvencyguardian.com.au/assets/themes/dt-the7/lib/jquery-mousewheel/jquery-mousewheel.min.js?ver=9.9.2' id='jquery-mousewheel-js'></script> <script type='text/javascript' src='https://insolvencyguardian.com.au/assets/themes/dt-the7/lib/custom-scrollbar/custom-scrollbar.min.js?ver=9.9.2' id='the7-custom-scrollbar-js'></script> <script type='text/javascript' src='https://www.google.com/recaptcha/api.js?render=6LfLa7wUAAAAAD8-bSMRWbVTjQxki1Vv0yBHOfGk&ver=3.0' id='google-recaptcha-js'></script> <script type='text/javascript' id='wpcf7-recaptcha-js-extra'> /* <![CDATA[ */ var wpcf7_recaptcha = {"sitekey":"6LfLa7wUAAAAAD8-bSMRWbVTjQxki1Vv0yBHOfGk","actions":{"homepage":"homepage","contactform":"contactform"}}; /* ]]> */ </script> <script type='text/javascript' src='https://insolvencyguardian.com.au/assets/plugins/contact-form-7/modules/recaptcha/index.js?ver=5.5.4' id='wpcf7-recaptcha-js'></script> <script type='text/javascript' id='cmm4e-mega-menu-js-extra'> /* <![CDATA[ */ var cmm4eFrontendConfig = {"isRTL":"","isMobile":""}; /* ]]> */ </script> <script type='text/javascript' src='//insolvencyguardian.com.au/assets/plugins/clever-mega-menu-for-elementor/assets/frontend/js/cmm4e.min.js?ver=1.1.2' id='cmm4e-mega-menu-js'></script> <div class="pswp" tabindex="-1" role="dialog" aria-hidden="true"> <div class="pswp__bg"></div> <div class="pswp__scroll-wrap"> <div class="pswp__container"> <div class="pswp__item"></div> <div class="pswp__item"></div> <div class="pswp__item"></div> </div> <div class="pswp__ui pswp__ui--hidden"> <div class="pswp__top-bar"> <div class="pswp__counter"></div> <button class="pswp__button pswp__button--close" title="Close (Esc)" aria-label="Close (Esc)"></button> <button class="pswp__button pswp__button--share" title="Share" aria-label="Share"></button> <button class="pswp__button pswp__button--fs" title="Toggle fullscreen" aria-label="Toggle fullscreen"></button> <button class="pswp__button pswp__button--zoom" title="Zoom in/out" aria-label="Zoom in/out"></button> <div class="pswp__preloader"> <div class="pswp__preloader__icn"> <div class="pswp__preloader__cut"> <div class="pswp__preloader__donut"></div> </div> </div> </div> </div> <div class="pswp__share-modal pswp__share-modal--hidden pswp__single-tap"> <div class="pswp__share-tooltip"></div> </div> <button class="pswp__button pswp__button--arrow--left" title="Previous (arrow left)" aria-label="Previous (arrow left)"> </button> <button class="pswp__button pswp__button--arrow--right" title="Next (arrow right)" aria-label="Next (arrow right)"> </button> <div class="pswp__caption"> <div class="pswp__caption__center"></div> </div> </div> </div> </div> </body> </html> <script data-cfasync="false" src="/cdn-cgi/scripts/5c5dd728/cloudflare-static/email-decode.min.js"></script>
