SmartFinance AU

Debt Consolidation for Young Professionals in Australia 2026 | SmartFinance AU Post Date: Jan 01, 2026 | Time: 10:00 AM AEDT (06:00 AM ICT) | Category: Debt Management Debt Consolidation for Young Professionals in Australia: A Fresh Start for 2026 Entering 2026 with a clear plan to manage debt is the ultimate New Year's resolution. Happy New Year, Australia! While the fireworks over Sydney Harbour have faded, many of us are waking up to a "financial hangover" from the holiday season. If your credit card statements are looking a bit heavier after Christmas and Boxing Day sales, you are not alone. For Australians aged 25-45, managing multiple debt streams—credit cards, BNPL (Buy Now Pay Later), and car loans—can feel like a full-time job. In our previous guide, we explored the best high-interest savings accounts for 2026 . However, it’s hard to save when high-interest debt is eating away at y...

How to Consolidate Debt in Australia Without Hurting Your Score Published: 23 September 2025 • Read time: 10–12 minutes Combining debts can simplify repayments if you avoid the traps. High-interest debt spreads across credit cards, Buy Now Pay Later, and personal loans. Consolidating these into one facility can lower your interest, cut stress, and improve your cash flow. But missteps—like extending terms too far or missing repayments—can harm your credit file. Here’s how to consolidate in Australia without damaging your score. What is debt consolidation? Benefits and risks Debt consolidation options in Australia (2025) How to consolidate without hurting your score Comparison of consolidation methods When to seek help FAQs What is debt consolidation? Debt consolidation means rolling multiple debts into one new facility with a single repayment schedule. Common forms are ...