Consolidating Seven Debts & Rebuilding Credit

The Borrower

Clients — “Mary & Mark”

Couple in their mid-40s (travel & retail sales)

Position

Homeowners with ~7 separate debts

Repayments

~$4,600/month across all debts

The Objective

• Consolidate scattered debts into one manageable repayment.
• Improve monthly cash flow and stop missed repayments.
• Rebuild credit and return to a mainstream lender in time.

The Challenge

Around seven debts — two home loan accounts, credit cards, personal loans and a dental repayment plan — meant different amounts and dates through the month. Missed repayments had hurt their credit score, so a conventional low-rate refinance wasn’t available.

What They’d Tried

No prior bank or broker strategy was in play. The barrier was their existing credit position and repayment history, not a lender declining a proposed plan.

What We Identified

The win was manageability, not the lowest rate. Their personal debts were likely at far higher rates than the home loan, so consolidating everything into one structure mattered more than the headline number.

The Solution

• Specialist consolidation refinance through Pepper (~6.99%).
• Paid out the personal debts and moved from many dates to one primary repayment.
• Created a clean repayment history to build on.

The Result

Repayments fell from ~$4,600 to ~$4,250 a month, inside a far simpler structure.

What Happens Next

This is a short-term rehabilitation step, roughly 12 months. With every repayment on time and older marks ageing off, the plan is to review their credit and refinance to a mainstream lender at a lower rate.

Why It Matters

With impaired credit, the right short-term structure can simplify repayments now and set up a mainstream move later — the headline rate isn’t the whole story.