As of January 2018, there are 16,711,163 credit cards in circulation in Australia. The national debt owing on these cars totals more than $32 billion. Are you one of the 70% of Australians who own one or more credit cards? Do you have a plan to pay off credit card debt?
Financial Hardship is a state of affairs when you simply can’t afford to repay your debts. Often, financial hardship is only temporary and can be caused by a change in income, a breakdown in relationship or an injury or illness.
An Informal Agreement can be a lifesaver for many, with lots of perks. Here at Debt Rescue, we offer our own Informal Agreement called a Debtstroyer Agreement. Despite the many benefits, there are a few risky downfalls to entering an Informal Agreement that you should keep in mind.
The Snowball Method is a debt reduction strategy that is used by a lot of people today to manage their overwhelming number of debts. The way it works is, you pay off your debts in order of smallest to largest.
An Informal Debt Agreement is an agreement between you and your creditors to change the terms on your existing debt contracts.
A Debt Agreement Recommendation is a serious step towards your recovery. By now, you would have spoken to one of our case managers about your debt and shared your personal experience and circumstances with them.
Despite its reputation, Bankruptcy is not a punishment. Declaring Bankruptcy in Australia can alleviate financial hardship and stress.
Have your debt repayments got out of hand? Are you stuck in a vicious debt cycle? Learn how to pay off debt by prioritising which debt to pay off first.
Are you looking for a debt relief solution to suit your life and situation? Fortunately there are a number of debt relief strategies  available in Australia. Â
If you are not meeting your household living expenses, withdrawing your super to pay off debts is only a short-term solution.