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You only have to manage one debt

No more forgetting to pay your bills, no more late fees, no more high interest rates. With a consolidated loan, you only have to think about one loan amount and one loan term. That way, paying off yo…...

You can lower your interest rate

When you consolidate your debts into one loan, you get to pay off all your existing debts and, in a way, start over with a fresh personal loan. Lenders offer consolidated loans at low interest rates.…...

You can improve your credit rating

When you're constantly late on your monthly or annual repayments, your credit rating could go on a nosedive. With only one loan to manage, you can stay on top of paying off your loan amount. Wit…...

You could lose your assets with a secured debt consolidation loan

When you consolidate all your debts into one secured account, you're putting a lot on the line – namely, your personal assets. If you default on a secured debt consolidation loan, your lender ca…...

You could accumulate more debt

Consolidating your debts could potentially give you the illusion of financial stability. It's easy to think about accruing more debts or taking out more loans when it seems like you've only…...

You could end up lowering your credit score

A consolidated loan can improve your credit rating – but only if you're responsible enough to make your monthly repayments on time. A debt consolidation loan can be both much bigger and last muc…...

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