Hi. 

So my nephew seems to have gotten himself into a pickle with borrowing more than he should of as quite a few young people do these days. 

He called a few banks at my suggestion for a Debt Consolidation loan, and was pretty much declined on the spot due to "High number of enquiries" and having been behind on payments for his phone bill and has not been in his job 6 months. 

1) Yes, I can understand this concern, however, this is something that has been addressed going forward as part of him understanding the situation he is in. 

2) Was true 8 months ago, has been sorted and is up to date for past 3 months as best I can understand it. As part of a payment arrangement, he made with his provider. 

3) He has been continuously employed for 18 months, and switched jobs recently to take a higher paid position with another company.

Generally, Debt Consolidation loans are to help people get out of a pickle and yet the things they are saying, are symptomatic of that very issue. 

Does anyone have any recommendations on how to proceed? The ASB Calculator says he could pay back the debt within 2 years at $190 a fortnight, and he believes he could easily pay it back in 18 months. 

He has some loans at some crazy rates, which will likely cripple him without finding a way to pay them off. 

I had thought there were a few banking representatives at GZ but I can't seem to find them to tag in to see if someone more senior might look at the situation further.