What Are The Basics of Debt Consolidation Loans
Debt is a normal part of modern life, but managing multiple credit cards, personal loans, and other financial commitments can be stressful. One option Australians often consider is a debt consolidation loan—rolling several debts into a single repayment, usually with a lower interest rate or a more manageable schedule. While this can be useful, it is not a one-size-fits-all solution. Regulators such as the Australian Securities and Investments Commission (ASIC) stress the need for caution and informed decision-making.
This article will explore the basics of debt consolidation loans, what ASIC says about them, the risks to watch for, and why professional advice is essential.




