Credit card balances
Commonly reviewed by lenders depending on the applicant, asset, purpose and supporting documents.
Product explanation
What is debt consolidation?
Plain-English guidance so you can understand the product before deciding whether to proceed.
Debt consolidation involves combining selected eligible debts into a new loan structure. The aim is usually to simplify repayments or restructure commitments, but suitability depends on the full cost, loan term, fees and lender criteria.
It should be reviewed carefully because a lower repayment over a longer term may increase total interest paid. Figure Out Finance helps explain the structure before you proceed.
Broker-led, not one-size-fits-all
- Clear product explanation
- Practical document guidance
- Suitable lender pathways reviewed
- Structure explained before application
What can be financed
Common examples we can help review
Final lender fit depends on the asset, applicant profile, loan amount, purpose and supporting documents.
Personal loans
Commonly reviewed by lenders depending on the applicant, asset, purpose and supporting documents.
Selected vehicle loans
Commonly reviewed by lenders depending on the applicant, asset, purpose and supporting documents.
Selected business debts where appropriate
Commonly reviewed by lenders depending on the applicant, asset, purpose and supporting documents.
Tax debt funding where appropriate
Commonly reviewed by lenders depending on the applicant, asset, purpose and supporting documents.
Multiple repayment commitments
Commonly reviewed by lenders depending on the applicant, asset, purpose and supporting documents.
Refinance scenarios
Commonly reviewed by lenders depending on the applicant, asset, purpose and supporting documents.
Debt restructure needs
Commonly reviewed by lenders depending on the applicant, asset, purpose and supporting documents.
Who this may suit
Practical scenarios where broker guidance can help
Figure Out Finance works through your situation, explains lender expectations and helps identify suitable next steps.
Employees with multiple repayments
We help clarify the loan purpose, likely lender requirements and next steps before an application is prepared.
Self-employed applicants with eligible debts
We help clarify the loan purpose, likely lender requirements and next steps before an application is prepared.
Business owners reviewing commitments
We help clarify the loan purpose, likely lender requirements and next steps before an application is prepared.
Customers seeking simpler repayment management
We help clarify the loan purpose, likely lender requirements and next steps before an application is prepared.
Applicants refinancing existing loans
We help clarify the loan purpose, likely lender requirements and next steps before an application is prepared.
Customers wanting structure explained first
We help clarify the loan purpose, likely lender requirements and next steps before an application is prepared.
Finance options available
Structures that may be considered
Depending on your circumstances, options may include the structures below. Not every option is available to every applicant.
Debt consolidation personal loan options
Depending on your circumstances, this may be considered by one or more lenders. Availability is not guaranteed.
Secured refinance options
Depending on your circumstances, this may be considered by one or more lenders. Availability is not guaranteed.
Unsecured options where suitable
Depending on your circumstances, this may be considered by one or more lenders. Availability is not guaranteed.
Business debt refinance options where appropriate
Depending on your circumstances, this may be considered by one or more lenders. Availability is not guaranteed.
Asset-backed options where relevant
Depending on your circumstances, this may be considered by one or more lenders. Availability is not guaranteed.
Structured repayment options
Depending on your circumstances, this may be considered by one or more lenders. Availability is not guaranteed.
What lenders usually consider
How lenders commonly look at an application
The assessment is not designed to be intimidating. It is about confirming the loan purpose, ability to repay and whether the product fits lender criteria.
Income and repayment capacity
This is one of the common factors lenders may review when assessing the application.
Credit profile
This is one of the common factors lenders may review when assessing the application.
Existing debts and limits
This is one of the common factors lenders may review when assessing the application.
Current repayment conduct
This is one of the common factors lenders may review when assessing the application.
Loan purpose
This is one of the common factors lenders may review when assessing the application.
Total cost and loan term
This is one of the common factors lenders may review when assessing the application.
Security or asset position
This is one of the common factors lenders may review when assessing the application.
Supporting documents
This is one of the common factors lenders may review when assessing the application.
How Figure Out Finance helps
Guided support from enquiry to settlement
You get clear broker support rather than being left to interpret lender requirements alone.
- Understanding what you are trying to fund
- Comparing suitable lender options from a broad panel
- Explaining the structure clearly before proceeding
- Helping with documents and lender requirements
- Managing lender communication
- Supporting the process through to settlement
Documents commonly requested
Documents depend on the lender, loan type and applicant profile
Documents requested will depend on the lender, loan type and applicant profile. Dean will confirm the exact list after reviewing your scenario.
- Driver licence or ID
- Income evidence
- Bank statements where requested
- Current loan statements
- Credit card statements
- Payout letters
- Business information where relevant
- Debt summary and repayment details
Process
Simple 4-step process
1
Tell us what you need
Share what you are trying to fund, the timing, amount and applicant situation.
2
We review suitable options
We compare suitable lender pathways based on the purpose, profile and documents.
3
We explain the structure
You receive clear guidance on structure, repayments, conditions and next steps.
4
We help with application and settlement
We help manage lender requirements and support the process through to settlement.
FAQ
Common questions
General information only. The right answer depends on your circumstances and lender criteria.
Debt consolidation combines selected eligible debts into a new loan structure where suitable and approved by a lender.
It may reduce regular repayments in some cases, but fees, term and total interest need to be considered.
Some business debts may be reviewed where lender criteria and loan purpose support the application.
No. Finance is subject to lender approval, credit criteria, fees, charges, terms and conditions.
Ready to review your finance options?
Tell us what you are looking to fund and we’ll help you understand suitable options from our lender panel.
Finance is subject to lender approval, credit criteria, fees, charges, terms and conditions.