Can You Include Multiple Loans in Debt Review?
Yes, you can include multiple loans in debt review. In fact, debt review is designed for consumers with several unaffordable credit agreements. All applicable loans are combined into a single restructured repayment plan, with one consolidated monthly payment distributed to your creditors through a Payment Distribution Agency.
Key Points
- Multiple loans can be included in one debt-review plan.
- All applicable credit agreements are combined.
- One consolidated monthly payment replaces several instalments.
- Provide full details of every loan to your debt counsellor.
How multiple loans are combined
Your debt counsellor gathers details of every applicable credit agreement — personal loans, credit cards, store accounts, vehicle finance and home loans — and combines them into a single restructuring proposal.
You then make one monthly payment to a Payment Distribution Agency, which allocates the funds to each creditor according to the plan.
Why combining loans helps
Managing multiple debit orders across different providers is stressful and can lead to missed payments. A single consolidated payment is easier to manage and ensures every creditor receives the agreed amount each month.
The restructuring also aims to make the total monthly outflow affordable relative to your income.
What you need to provide
Give your debt counsellor complete details of every loan: the creditor name, account number, outstanding balance, monthly instalment and interest rate. Missing an account can lead to an incomplete restructuring proposal.
Honesty and completeness at the assessment stage produce the most accurate and effective plan.
Frequently Asked Questions
Worried That Your Debt Has Become Unaffordable?
Debt Guidance can assess your income, essential expenses and debt commitments to determine whether debt review may be appropriate.
Reviewed by Carolina Guevara Harris
Registered Debt Counsellor · NCRDC3152
Last updated: 17 September 2025
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