Bad Credit Mortgage &
Debt Consolidation.
Last updated: July 2026
Struggling with $45k in high-interest personal debt, an Auckland family used home equity to consolidate debt and regain financial control.
The problem.
A family with a $650k mortgage had accumulated $45,000 in credit card and personal loan debt over a difficult period.
The high 18-22% interest payments were causing missed payments, negatively impacting their credit score, and preventing them from getting a bad credit mortgage refinance from their existing bank.
How we solved it.
The result.
The debt consolidation drastically improved their cash flow by $850 per month.
This stopped the cycle of missed payments, prevented further credit damage, and put the family securely back on the path to financial freedom.
"We thought our bad credit history meant we'd lose the house. Consolidating our debt into our mortgage literally saved our family and our sanity."— Sarah & James Smith, Auckland, Debt Consolidation
In a similar situation?
A bank rejection doesn't mean the end. Finch has access to 20+ lenders — including specialists who can help when major banks can't. Book a free, no-obligation consultation.
Common Questions We Hear
Written by Mukhtar Kiyani
Director & Financial Adviser · FSP1011206 | FSPR FSP1011125
Mukhtar has 15+ years of financial advisory experience across NZ mortgage lending, investment structuring, and first home buyer guidance. He founded Finch Mortgages with a mission to make expert, transparent mortgage advice accessible to every Kiwi. Based in Auckland, advising clients nationwide. View Profile →