Debt Consolidation Info Australia

Post Christmas Debt North West News

dcsgroup — Fri, 06 Feb 2009 01:40:34 +0000

The North West News talks to Debt Mediators about the surge in demand following Christmas.

Siobhan talks about she got into debt with credit cards and personal loans. At 23 Siobhan is $23,000 in Debt.

Michael — Sun, 18 Jan 2009 23:18:55 +0000

60 Minutes interviews us about Gen Y and Debt and also talks to one of the many clients we’ve helped become debt free.

Michael — Tue, 04 Nov 2008 03:47:21 +0000

Finding Hope Again

Michael — Fri, 31 Oct 2008 07:12:21 +0000

Renee ran her own business and lived in a tight knit regional community. Because of her compassionate nature she offered generous financial support to family members in need. One after the other, Renee helped out close relatives until she ended up with a staggering $160 000 in personal debt, coupled with her own home loan. Eventually the debts caught up with her and she found herself overwhelmed with fortnightly repayments she simply could not afford. She also suffered from medical problems and struggled to pay for expensive medication. Renee saw no way out and seriously considered suicide because of the never ending stress and sense of hopelessness she felt.

Thankfully, Renee called Debt Mediators before things got any worse. From the moment she first spoke to our consultant, Renee says she felt an incredible sense of relief. We took the time to understand her situation, reassure Renee that things did not have to continue as they were and set up a repayment arrangement that was affordable for her and acceptable to her creditors. Renee will now be debt free within 4 years and will repay only a portion of her debt. She now has a bright future to look forward to and credits Debt Mediators with quite literally saving her life.

Credit Card Stress

Michael — Wed, 10 Sep 2008 04:25:56 +0000

Tim’s relationship came apart 3 years ago. As the main income earner, the credit cards were in his name and he was left to pay all of the debt after the split. Setting up a new life wasn’t cheap either. He had to use his credit cards to buy brand new furniture and put down a bond on a new rental property. He also didn’t update Centrelink about his change in living circumstances and was billed for overpayment of the Family Tax benefit. He’d now amassed numerous large debts and was unable to meet the minimum repayments demanded by his creditors.

We arranged for Tim to consolidate his debt repayments into one repayment of $140 per week, spread over 4 years (a weekly reduction of $50 per week). The calls from Centrelink and his various credit card companies stopped and Tim now had far more in his pocket each week to save and pay for other life essentials. After clearing the debt, he’ll also have a great savings habit in place and be able to build up a sizeable deposit for a new home.

Get your free phone consultation now by calling Debt Consolidation Info Australia on 1300 679 402 or fill in our Contact Form and we will be in touch within 24 hours.

Associates of Debt Consolidation Info

Employment Problems

Michael — Wed, 10 Sep 2008 04:23:31 +0000

Janine had over $20 000 debt from 3 credit cards, which was barely manageable when she was working at her old job. Unfortunately, she’d been made redundant and had to take a new job earning $150 per week less. She soon found herself unable to meet the minimum repayments on her credit cards and began to fall behind. Debt collectors from her bank were soon calling on a daily basis and she found herself feeling stressed and unsure of what to do. She was worried that the bank would send her bankrupt.

We organized for Janine to enter a debt agreement which brought down her weekly repayments from the $330 minimum demanded by her lenders to $280 per week. And unlike the minimum repayments, which would have kept her locked in a repayment trap lasting many years, under the new arrangement she will be completely debt free in 2 years.

Get your free phone consultation now by calling Debt Consolidation Info Australia on 1300 679 402 or fill in our Contact Form and we will be in touch within 24 hours.

Interest Rate Stress

Michael — Wed, 10 Sep 2008 04:19:31 +0000

12 successive interest rate rises left Rachel and Steve wondering what they did wrong! Buying a home was meant to be the key to taking care of their family but the last couple of years things seem to have been getting worse. Since they first took out the mortgage the repayments have gone up $154 per week!!! They’ve had to use their credit cards for emergencies as they came up (the engine blowing up, the hot water system dying etc). Now they’ve let the credit cards fall behind so they could pay the mortgage. There were a lot of sleepless nights, the debt collectors wouldn’t stop calling and they didn’t know what they were going to do. Rachel and Steve applied to refinance their mortgage but were rejected due to defaults on their credit history.

We helped Rachel and Steve to consolidate their debt repayments with a Debt Agreement. After looking at their situation, their Consultant identified that they could repay $141.00 per week after their mortgage and taking care of their family. Debt Mediators put together an agreement with all of their unsecured creditors over 3 years, under which they repay about $2000 less then they owe and it’s interest free!!! The knowledge that their credit cards are taken care of and they are three years away from only having their mortgage to pay has given them their peace of mind back.

Get your free phone consultation now by calling Debt Consolidation Info Australia on 1300 679 402 or fill in our Contact Form and we will be in touch within 24 hours.

Top 5 tips for getting out of debt

Michael — Wed, 10 Sep 2008 00:58:48 +0000

In this article Debt Mediators lists the top 5 tips for reducing your debt. A few simple things can reduce the amount you need to pay back, and also decrease your need for loans and financing.

Pay your smallest debts first
Pay off credit card debts with savings. You will only recieve 8 per cent interest on savings which being charged on average 17 per cent on credit card debt
Brown bag it! - buying lunch every day could be costing you up to $3650 a year, so make a sandwich
Work out what it’s worth. The next time you buy something ask if it’s worth that many hours of your life at work
Seek help, talk to a debt consultant or a financial adviser, read and educate yourself

Courier Mail explores the job of a Debt Consultant

Michael — Tue, 09 Sep 2008 23:42:52 +0000

The Courier Mail interviews a member of our experienced debt consultancy. Read the Article

Cosmo I’m Drowning in Debt

Michael — Tue, 09 Sep 2008 23:28:52 +0000

Cosmo Magazine asks us to help Australian women beat debt. Page 1 | Page 2