Debt consolidation can be a handy solution when you are struggling with repayments on several debts, such as your home loan, hire purchases, credit cards and personal loans. Debt consolidation works by combining all those debts into your home loan, which is generally the debt with the lowest interest rate. Because the interest rate is lower, and the loan term is usually longer, your monthly repayments will drop, giving you a bit of breathing space. If you don’t already have a home loan, I can still assist to consolidate your debts into a more manageable loan. I can then work with you toward your future home ownership by providing a debt reduction and savings plan.