Australian household debt has risen steadily over the past three decades. As a result, we now have some of the highest levels in the world. If your debts are spiralling, or you’re simply feeling overwhelmed by high-interest repayments, here are some of our top tips to getting things under control.
Topics: Personal Insolvency, Personal Debt, Debt Management Solutions
In a recent analysis of Debt Rescue data, we have identified there has been a 271% increase in clients entering new Debt Agreements, who have accumulated an Afterpay debt over the last 6 months compared to be previous 6 months.
Topics: Debt Agreements, Research, Personal Debt, Debt Management Solutions
Despite its reputation, Bankruptcy is not a punishment. Declaring Bankruptcy in Australia can alleviate financial hardship and stress.
Topics: Bankruptcy, Personal Debt, Debt Management Solutions
An Informal Agreement can be a lifesaver for many, with lots of perks. Here at Debt Rescue, we offer our own Informal Agreement called a Debtstroyer Agreement. Despite the many benefits, there are a few risky downfalls to entering an Informal Agreement that you should keep in mind.
Topics: Research, Informal Agreement, Personal Debt, Debt Management Solutions
Some debt relief solutions in Australia come with consequences and restrictions. If you want to find a debt relief solution to improve your situation you should weigh up the pros and cons of each option. We have provided a summary of Part 9 Debt Agreement consequences.
Topics: Debt Agreements, Personal Debt, Debt Management Solutions