Debt Consolidation & Debt Relief Help Solutions

Business driven into bankruptcy

As consumer reduce spending and the ATO stars calling in tax breaks given during the global financial crisis small business are going to the wall. Small retailers and tradesmen are amongst the hardest hit whilst the construction industry has shrunk for the 19th consecutive month. Small businesses should seek advice on their financial affairs. www.debtescape.com.au [...]

Step 7-8 to Overcoming your Credit Card Debt

Renegotiate terms with your creditors. You’ve explored all the alternatives but you’re still carrying a heavy balance. Where to go. Contact your creditors and ask for a new, lower repayment schedule. You may be surprised by their reaction. In the current financial market creditors are bending over backwards to accommodate clients so they don’t lose [...]

Step 5-6 to Overcoming your Credit Card Debt

Cash in your investments – even the highest rate in investment returns can’t compete with the interest payments due on credit cards. Cash in your savings, if you have any. If you have a life insurance policy – then borrow against it.
Consider a home equity loan. If you have a property a home equity loan [...]

Step 3-4 to Overcoming your Credit Card Debt

Stop credit cards suppliers from soliciting you for additional cards. Although it happens regularly it’s a bit like waving a carrot in front of a donkey – a bit hard to refuse. The best way to deal with it is to return the letter back to the supplier – in its own prepaid envelope with [...]

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