You are not alone when it comes to personal debt and the stress that it can add to your everyday life. In recent years debt has become a part of most households, and there are many individuals and families that struggle to keep up with the debt commitments that they have incurred. The key to solving your debt problem is to take action and regain control of your finances because there are debt solutions available.
Frequently we read newspaper articles and listen to radio and television reports that talk of the ever increasing level of debt in Australia and the Global Financial Crisis that is adding pressure to household budgets. The debt referred to is an accumulation of our everyday commitments including:
- Credit cards/Store Cards;
- No interest period purchases or loans;
- Personal loans (for motor vehicles, holidays etc)
- Home mortgage loans; and
- Tax Debts
Too often individuals feel defeated by the debt burden, thinking that they have nowhere to turn other than to bankruptcy to get a fresh start. For example, in the 2008/09 financial year there were 27,503 bankruptcies in Australia. The fact is that there are debt solutions available and you should consider bankruptcy as a last resort. Bankruptcy is serious and has a number of consequences that will affect you in the future. See our FAQ for more details on the types of restrictions that will arise.
Our goal at Australian Financial Solutions is to provide you with the debt solution that suits you. Our free and confidential advice will involve an assessment of your financial position, explanation and discussion with you on the alternatives available before recommending the best solution. This will include consideration of:
- Informal arrangement with your creditors
- Refinancing or debt consolidation
- Debt Agreement
- Personal Insolvency Agreement (i.e. Part X)
- Bankruptcy
Australian Financial Solutions can then assist you in putting your solution in place.
So contact us now and let Australian Financial Solutions give you the solution you need to become debt free