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Bank Rip-Offs Revealed - Click
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If you’re struggling under the weight of debt and wonder how you can structure your finances to rid yourself of this anchor around your neck, why not talk to a financial counsellor at the Credit Helpline in your state or territory. It’s a Free service.
Up to date contact details for each organisation in each state and territory can be found on the ASIC webite at:
http://www.fido.asic.gov.au/fido/fido.nsf/byheadline/Financial+counselling?openDocument
In addition to this, the ASIC website includes several pages of information on such items as how to deal with debt collectors, court proceedings, etc.. Their URL for that section is:
http://www.fido.asic.gov.au/fido/fido.nsf/byheadline/Money+management?openDocument
If your situation is not as terminal as that, you might like to view our Debt Control article in the Financial Management Section of our site
If you have a home loan in addition to credit card or personal loan debt, then it may be worthwhile for you to consolidate all your lending into the home loan. This will allow you to clear all your credit card and personal loan debt and will reduce your total monthly repayments due to the lower interest rate on home loans.
If you wish to discuss the possibility of doing this, you can have an obligation free chat with a good mortgage broker. See the article Save on Your Mortgage Payments for the details of a broker (Australia wide) which we can recommend for this purpose.
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