You Are Not Alone

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 differentiating yourself from everyone else 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 financial debt in Australia that is adding pressure to household budgets, which is even more sensitive with increases in interest rates. The debt referred to is an accumulation of our everyday commitments including:

  • Credit cards;
  • No interest period purchases or loans;
  • Personal loans (for motor vehicles, holidays etc); and
  • Home mortgage loans.

Too often individuals feel defeated by the debt burden, thinking that they have nowhere to turn other that to bankruptcy to get a fresh start. For example, in the 2006/07 financial year there were 25,242 bankruptcies in Australia, being an increase of 13.2% on the previous year. Between July 2007 and March 2008 there were a further 18,903 bankruptcy cases reported.

The fact is that there are debt solutions available such that 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 of the alternatives available before recommending the best solution. This will include consideration of:

AFS can then assist you in implementing that solution.

So contact us now and let AFS give you the solution you need to become debt free.