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Debt – Bankruptcy in Australia
If you have no assets, a relatively low income level and too many debts then bankruptcy may be the best debt relief available to you. Also, age is a consideration so if you don’t believe that you will be wanting anymore credit then it may also be an option. Having no assets is important. The [...]
More about Debt – Bankruptcy in AustraliaDebt in Australia
Australian bankruptcy laws are relatively unique when compared to other western civilizations.
A consumer may seek relief from indebtedness by proposing a legally binding agreement with all unsecured creditors and settling only a percentage of the amount owing based on a their capacity to pay. Often, consumers become tangled in a web of debt and cannot [...]
Can You Acknowledge You have a Debt Problem?
Can you find the courage to say to yourself ‘I cannot manage this debt or pay it off.’ You need to take a good long look at yourself, your life style and your expectations. You have to acknowledge the problems that have cause you to be in this position. Is it really someone else’s fault? [...]
More about Can You Acknowledge You have a Debt Problem?Debt Advice – The good, the bad & the ugly
You turn to someone for debt advice, but do you really know to whom you’re speaking?
The answer – probably not!
The internet is full of experts who claim to be able to give sound debt advice but the reality is that very few have any qualifications to support their claims, and the debt advice they are [...]
Credit Rating – How can I keep a good one?
Stop applying for credit! Your rating will be seriously affected if you make up to 6 credit applications every year.
You should get a free copy of your credit report at least once a year and check for defaults or other notations by creditors.
Don’t get hung up on the ‘need’ syndrome. Keep your needs simple as [...]
Debt Management Advice