Simplify Your Repayments and Take Back Control
Managing multiple debts can feel overwhelming — different due dates, varying interest rates, and constant stress.
At My Personal Broker, we help you regain control with debt consolidation loans that make life simpler.
By combining your existing debts — such as credit cards, car loans, or personal loans — into one easy repayment, you can save money, reduce stress, and start moving forward with confidence.
How Debt Consolidation Works
A debt consolidation loan combines multiple debts into a single new loan with one regular repayment. Instead of juggling several lenders and interest rates, you’ll make just one payment — often at a lower rate.
The benefits include:
- Lower overall interest rate – reduce what you pay in total
- One easy repayment – no more multiple due dates
- Simplified budgeting – stay on top of your finances
- Personal guidance – talk to real people who care about your goals
Whether you’re dealing with credit cards, car finance, or personal loans, we’ll find the right solution for your situation.
Why Choose My Personal Broker
At My Personal Broker, we believe in giving you a clear path forward.
We understand that financial challenges happen — and our goal is to make managing debt less stressful and more achievable.
Here’s how we help:
- No hidden fees or surprises — clear rates and transparent terms
- Fast approvals — so you can start saving sooner
- Real support — experienced brokers who listen and guide you
- Secure application process — your privacy protected at every step
Secured vs Unsecured Debt Consolidation Loans
Depending on your situation, a secured or unsecured loan may suit you better.
| Loan Type | Best For | Key Benefits | Considerations |
|---|---|---|---|
| Secured Loan | Borrowers with an asset such as a car or property | ✅ Lower interest rates ✅ Higher borrowing power ✅ Longer repayment terms |
Your asset acts as collateral |
| Unsecured Loan | Borrowers without assets or who prefer flexibility | ✅ No collateral required ✅ Quick approval ✅ Simple application process |
Slightly higher interest rates |
We’ll help you weigh up both options and choose what works best for your financial goals.
How a Debt Consolidation Loan Can Help
A consolidation loan isn’t just about simplifying — it’s about giving you breathing room and helping you get back on track.
It could help you:
-
Reduce your total interest payments
-
Pay off debt faster with a clear plan
-
Improve your credit over time by staying consistent
-
Feel more confident managing your money
We’ll explain everything clearly, in plain English — no jargon, no judgement, just genuine support.
Debt Consolidation Loan vs Balance Transfer Credit Card
Many people consider a balance transfer credit card to manage debt, but it’s not always the best fit.
| Feature | Debt Consolidation Loan | Balance Transfer Card |
|---|---|---|
| Interest Rates | Usually lower, with fixed terms | Often 0% initially, then higher ongoing rates |
| Repayment Plan | Fixed repayments over time | Minimum monthly payments, often extend debt |
| Debt Types Covered | Credit cards, personal loans, car loans, etc. | Credit card debt only |
| Fees | Clear, upfront fees | May include transfer or annual fees |
| Goal | Clear pathway to repay debt fully | Temporary short-term relief |
Our advice:
If you want a structured, long-term solution, a debt consolidation loan usually offers more stability and clearer progress toward becoming debt-free.
Frequently Asked Questions
What types of debt can I consolidate?
Credit cards, personal loans, car loans, store cards, and other unsecured debts can often be combined into one loan.
Will consolidating debt affect my credit score?
It may have a small, short-term impact when you apply, but managing your new loan responsibly can improve your credit over time.
Can I include secured loans (like car finance)?
Yes, some lenders allow you to combine secured and unsecured debts — we’ll help you explore your options.
Can I pay off my new loan early?
Many lenders offer early repayment with little or no penalty — we’ll make sure you know before you commit.
Case Study: Sarah’s Journey to Financial Freedom
Sarah, a 38-year-old teacher from Brisbane, had built up several debts — two credit cards, a car loan, and a personal loan — totalling more than $35,000. Between juggling due dates, different interest rates, and unexpected fees, her monthly repayments became overwhelming.
That’s when she contacted My Personal Broker.
After reviewing her situation, our brokers helped Sarah combine all her existing debts into one simple loan with a lower fixed rate and a single monthly repayment.
The results:
- Sarah’s total monthly repayments dropped by over $320.
- She now manages one repayment date instead of four.
- She feels more confident knowing exactly when she’ll be debt-free.
“The team made everything so clear and easy. I was nervous about asking for help, but they explained my options and showed me how much I could save. I finally feel in control again.”
— Sarah, QLD
If you’re feeling the pressure of multiple repayments, we can help you find the same peace of mind — with honesty, care, and clear advice.