Australia’s debt to GDP ratio is expected to rise beyond 50% in the next two decades. A government debt of $397 billion and this figure is rising by a little over 100 million a day. We’ll hit $1 trillion by the year 2037 if we don’t do something about the burgeoning debt problem in the nation.
Topics: Personal Insolvency, Budgeting, Personal Debt
Keeping up to date with taxes is a chore that haunts thousands of Australians but it is absolutely essential and beneficial to do so.
Topics: Tax Debt, Budgeting, Education, Personal Debt
Financial institutions are more than eager to offer you numerous credit facilities in the form of loans and credit cards in their race to pass competitors in the credit market. If you’re not aware of your credit standing and you start falling back on payments, you might just end up drowning in debt.
Topics: Personal Insolvency, Personal Debt, Debt Management Solutions
Bankruptcy is an accessible and readily available option for people to get out of severe debt. The eligibility criteria is minimal and the application process is as simple as providing the appropriate documents. We will explain the thresholds and criteria to help you decide if Bankruptcy is for you.
Topics: Bankruptcy, Personal Debt
Secured debts can be difficult to afford when you are in financial hardship. Here is some information about how to identify a secured debt and what you can do with your secured debts when you are in financial hardship.
Topics: Debt Relief, Personal Debt, Loans Refinancing