Consolidation of debt is a service generally only available to existing bondholders and is typically used in situations where someone has gotten in over their head with numerous accounts or loans. The idea is to pay off all your outstanding debts using money from your bond - with the permission of your bank, of course - and then repay that money as part of your monthly bond instalment at the lower interest rate of your home loan. This can significantly reduce your monthly expenses but can be difficult to do under the regulations stipulated by the National Credit Act.