Bad Credit History Debt Consolidation
Struggling with multiple debts and a poor credit history? You’re not alone. A bad credit history debt consolidation loan can help you simplify your repayments, reduce stress, and get back on track. By combining your debts into a single manageable loan, you’ll gain financial clarity and the tools to help you start rebuilding your credit.
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Calculate your repayments
What this means...
- Interest Rate p.a.
- 29.90%
- Comparison Rate p.a.
- 41.64%
- Total Repayment
- $4,212.51
Minimum weekly repayment*
$81.01
Ready to get started? Get your personalised rate and repayments without impacting your credit score or see our rates & fees
*Includes an interest rate of 29.90% (Comparison Rate of 41.64%). All prices are indicative and applications are subject to assessment. Fees and charges are payable. The Comparison Rate is based on an unsecured personal loan of $2,500 for a term of 2 years. WARNING: The comparison rate is true only for the example loan amount and term selected and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
Why Choose Debt Consolidation?
Take Control of Your Finances with a Debt Consolidation Loan
Lower Repayments
Combine high-interest debts into a single loan with a lower, more affordable repayment plan.
One Simple Payment
No more juggling due dates—just one monthly payment to manage.
Reduce Stress
Eliminate creditor calls and regain financial peace of mind.
Improve Your Credit Score
Making consistent payments on a debt consolidation loan can boost your credit rating over time.
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Rates (APR), fees & features
Small Amount Loans
Read More: Small Amount LoansMedium Amount Loans
Read More: Medium Amount LoansLarge Amount Loans
Read More: Large Amount LoansFor our loans of $500 to $2,000 an APR (Annual Percentage Rate) does not apply. For loans above $2,000 maximum APR is 48%. *All prices are indicative for an unsecured personal loan and fees and charges are payable. WARNING: The comparison rate is true only for the example loan amount and term selected and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
1. Comparison Rate is based on an unsecured personal loan of $1,000 over a term of 6 months. Fees and charges are payable.
2. Comparison Rate is based on an unsecured personal loan of $2,500 over a term of 24 months. Fees and charges are payable.
3. Comparison Rate is based on an unsecured personal loan of $10,000 over a term of 24 months. Fees and charges are payable.
How Bad Credit History Debt Consolidation Loans Work
Combine Your Debts and regain control
Merge multiple debts—credit cards, personal loans, and even payday loans—into one easy payable loan. Every lender has a different criteria and affordability requirements so it is best to check your eligibility before applying to make sure you will be approved
Fixed Repayment Plan
Enjoy a structured repayment schedule with fixed monthly payments.
Simplify Your Finances
Replace multiple interest rates with a single, often lower rate.
Can You Get a Debt Consolidation Loan with Bad Credit?
Bad credit isn’t always the end of the line! Many lenders specialise in bad credit history debt consolidation loans, focusing on your current financial situation rather than just your credit score. Factors like steady income and manageable living expenses improve your chances of approval.
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Benefits of Debt Consolidation for Bad Credit Borrowers
Debt Consolidation Advantages What It Means for You Lower repayments Free up cash for other expenses Single monthly payment Easier to manage your finances Potential credit score improvement Build trust with future lenders Reduced interest and fees Save money in the long run
Who can apply for a debt consolidation loan?
To qualify, you’ll generally need:
Be 18 years or older.
Australian citizenship or permanent residency.
Regular working income.
Ability to demonstrate repayment capability
How to Apply for a Bad Credit Debt Consolidation Loan
Start Your Application
Complete our quick online form—it only takes 5 minutes!
Provide Your Details
Submit documents like proof of income, ID, and details of the debts you wish to consolidate.
Get Approved
Once approved, consolidate your debts and start enjoying simplified repayments.
Make Payments on Time
Stay on track with regular repayments and watch your financial stress reduce.
Ready to get started?
How to Apply
With no early payout fees, our flexible range of online loans are perfect for the changing needs of hardworking Aussies. And because our rates are personalised, they’re highly competitive, whatever your credit rating.
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Apply Now
All it takes is 6 minutes with our secure online application form.
Accept Offer
If approved, accept your offer signing online with a secure SMS code.
Receive Finance
Your funds are transferred as cleared funds so you can start using it sooner.
Personalised Support
If you need a little help with anything, simply talk to our support team.
| Loan Amount | 15% Interest | 20% Interest | 25% Interest |
|---|---|---|---|
| $5,000 | $27/week | $30/week | $34/week |
| $10,000 | $55/week | $61/week | $67/week |
Ready to Simplify Your Debt?
Take the first step towards financial freedom today. Apply for a bad credit history debt consolidation loan and regain control of your finances.
Why Choose Us?
No impact on your credit score to check eligibility
Tailored repayment plans for your needs.
Trusted by thousands of Australians.
We're with you
So why Fair Go Finance?
We want what’s best for our customers. And we show it every day with loans and service tailored to you.
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Genuine customer service
Our genuine, down-to-earth team is here for friendly, helpful advice – and zero jargon.
Personalised pricing
We get to know your situation to craft a tailored rate just for you.
Credit score boost
Make timely repayments on an initial easy-to-manage loan to actively boost your credit score.
Check if you qualify
Learn how likely you are to get approved, with no impact on your credit file.
How Can We Help You?
Below you’ll find answers to the most frequently asked funeral loan questions
Your level of bad credit will play a part as to whether you can successfully take out a bad credit loan with us.
One part of our assessment criteria does look at the number of loan enquires you’ve had recently, the number & status of any recent defaults and any other adverse items on your credit file such as bankruptcy or a part 9.
The fewer you have, the more likely you will be eligible but we do pride ourselves on helping customers who may have had issues in the past, but are clearly ready to get back on track.
Please call us on 1300 324 746 if you’d like more information or if you’d like to discuss your current credit report before completing our online application. We’re here to help.
Our loans are based on your individual and current financial circumstances. Until we receive your application and your bank statement information, it is not possible for us to guarantee you will be approved.
Our loan repayments vary depending on the loan amount, the loan term and the interest rate. You can use our loan calculator as a guide, however because we tailor our rates to your unique credit profile, we will not be able to confirm any repayments until your assessment is complete.
The interest rates for our loans are calculated using risk-based pricing, which simply means the better your credit rating, the better the interest rate you can be eligible for. We won’t be able to confirm what interest rate you may be eligible for until your assessment is complete, however you can see the range of our interest rates for our personal loans here.
The usual waiting time to receive your loan application outcome is between 24-48 working hours.
Whilst we can’t talk to a specific loan being good or bad, debt consolidation is often a good idea. Paying off multiple debts with one single loan leaves you with one single repayment to worry about. Often, having a single loan repayment is much easier to budget for than multiple debt repayments that come out of your account at varying times.
It depends on a number of factors, but we help lots of customers who have a bad credit history get the loans they need and get their bad credit history back on track.
Contact our friendly team on 1300 324 746 and we’ll explain if your bad credit rating will prevent you taking out a debt consolidation loan (or limit the amount you can borrow).
If you’re not sure if you have a bad credit rating, watch our video about how to find out your credit score. You can request a free copy of your credit report from Equifax and find out if and why you have a bad credit history. Once you know, it’s easier for us to advise you.
Nearly all types of credit you get are listed on your credit report and therefore can impact your credit score. Applying for multiple loans at once will affect your ability to borrow, so make sure you do your research before submitting a loan application.
Apply online in less than 6 minutes. Our clever online application form is quick and easy to complete – apply from anywhere in Australia, anytime day or night.
A little human touch may come into play. If your application isn’t given an immediate outcome, a friendly credit consultant will be in touch to confirm what they need clarified, or if there’s a different amount or product they can offer you.
Get approved: If you’re offered a loan and you’d like to proceed, simply accept by electronically signing in the contract using an SMS code sent to your mobile phone.
Receive your funds within minutes: We use Real-Time Funding to instantly transfer the funds to your account.
and see for yourself. And remember, if you run into any problems with our online application or have any questions about the approval process for our personal loans, we’re here to help. Call our team on 1300 324 746 or contact us online via live chat.
Our debt consolidation loans are quick, easy online loans that enable you to bring all your outstanding debts together into one easy-to-manage loan, with the aim of minimising your repayments and borrowing costs.
You can use a debt consolidation loan to combine a range of debts and loans, including:
Store loans or card debt
School fee debt
Credit card debt
Outstanding bills and accounts
Debt consolidation loans can be particularly helpful if you’re struggling with debt and a bad credit rating. In fact, a debt consolidation loan could help you repair your bad credit score. Contact our friendly team on 1300 324 746 or via live chat to find out more about our bad credit loans.
At Fair Go, we personalise the rates and terms of our online loans to maximise your borrowing power and minimise your borrowing costs. That’s why we’re here – to help you get the cash you need to get on with life today, without putting your long-term financial wellbeing at risk.
Our friendly team, based here in Australia, will work with you to establish how much you can afford to borrow and how to structure a debt consolidation loan to keep your repayments manageable and your borrowing costs as low as possible.
The idea is that we reduce your monthly repayments and improve your cash flow by rolling all your debts into one. This makes managing your day-to-day budget simpler and, by making your debt easier to pay off, it can even help you repair your credit history if you have a bad credit rating.
Talk to our team today on 1300 324 746 or via live chat, or apply online for your debt consolidation loan. It’s quick, secure and easy.
Depending on your financial situation, you can borrow from $500 up to $10,000 over the course of anything from three months to three years with a debt consolidation loan. And we’ve used all our finance and tech know-how to ensure applying for a debt consolidation loan is quick and easy.
All our debt consolidation loans have fixed interest rates, which means you know upfront what your repayments will be. It’s all part of our responsible lending commitment – your guarantee that we’ll always be upfront and transparent with you. No hidden fees. No nasty surprises.
With set repayments in place, managing your budget and planning for the future is much easier. And that’s what it’s all about for us – helping you get the cash you need to get on with life, without putting yourself or your budget under unnecessary stress.
Debt consolidation is the process of combining multiple debts into one loan with a single interest rate, monthly repayment, and due date. This simplifies your finances and can help you manage your debt more efficiently. By using a personal loan to consolidate your debts, you can roll multiple debts into one easy-to-manage loan. The goal of debt consolidation is to pay less in fees and charges and get a lower overall interest rate, making it easier to stay on top of your financial obligations.