DCS Group Aust Pty Ltd » Debt Management Advice

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

Tracey (actual client) overcomes crippling debt

Michael — Mon, 08 Sep 2008 23:08:37 +0000

Northside Chronicle discusses the North Brisbane Debt Crisis

Michael — Mon, 08 Sep 2008 04:45:14 +0000

Northside Chronicle and one of our senior consultants discuss growing debt amongst Brisbane Northsiders. Read more

North West News 5 hot tips for managing debt

Michael — Mon, 08 Sep 2008 04:40:31 +0000

North West News asks us for five hot tips to manage debt. Read the Article

The Sydney Morning Herald interviews Debt Mediators Australia

Michael — Sun, 07 Sep 2008 07:37:46 +0000

Secret debts and lies ‘tear apart’ relationships, families

DEBTS shrouded in secrecy and lies are tearing apart families buckling under increased cost of living pressures, financial and relationship counsellors say.

Ben Paris of Brisbane company Debt Mediators said some clients had hidden six-figure credit card debts from their partners.

“A lot of the inquiries we get are from people desperate to hide their debts from their partners,” he said.

“They feel embarrassed and like a failure and want to be able to make the problem go away without having to tell their loved ones. The fact that a significant number of people would rather get into debt than share their worries with those closest to them is a shocking indictment of the current state of people’s finances.”