People get into financial difficulty for all kinds of reasons. If you are in an undesirable financial position, it is not the end of the world. There are several steps you can take to get your debts back under control.
The first step is to recognise and accept your financial situation. In this case, ignorance is not bliss. Interest charged on your debts does not disappear, and the situation will only snowball the longer you delay repayment.
One way to manage your payments to creditors is to make a repayment plan. If you are struggling to meet your credit card and loan repayments, take action immediately by contacting your creditors and asking about a hardship arrangement. Try to negotiate a plan while being honest and realistic about what you can afford.
Sometimes it is a good idea to check your credit report. Be sure to check that you have not forgotten about an old debt that is now affecting your file, and that any loans or debts listed on your credit record are actually yours or have not been amounted incorrectly. If something does not look right, you can apply for an amendment.
You might also consider using an external dispute resolution scheme. You will find that many industries have their own ombudsmen and external dispute resolution (EDR) schemes that you can file complaints with. Utilising these services is a much simpler alternative to resolving disputes in court.
If none of the above strategies have worked, then seek professional advice from financial organisations such as Debt Free Australia. At Debt Free Australia, we can help you with formal solutions to clear out various types of debt. We provide expert financial advice to guide you in the right direction.
Call us today on 1800 462 767 for a free assessment of your debt situation. Our toll free advice line is open 7 days a week so call when it is convenient to you.

Declaring bankruptcy is not the end of your financial reputation; there is a life after bankruptcy and your long struggle with debt will have an end. In fact, the objective of bankruptcy is to help those who want to regain control of their finances and extinguish their debt. Here are Debt Free Australia’s tips for getting back on track after bankruptcy.
If you have had to declare bankruptcy, you need to let go of any shame or guilt that you might be feeling. Financial mistakes happen and situations arise that are beyond our control. Resolve and make peace with the decision, and your future will be automatically brighter.
Upon reflecting and realising that debt is a reality that can happen to anyone and is nothing to be ashamed of, learn from your experience. Assessing past decisions that placed you on the path to debt and bankruptcy is an important part of ensuring that you are not placed at risk again. Once you are able to pinpoint the things that went wrong, you will remember and avoid the traps of bankruptcy the next time around.
Remember to create a realistic budget and be sure to pay all bills on time. Living within the confines of what you can afford without credit will immediately place you in a great position of avoiding debt. In addition, you can rebuild your credit card rating by obtaining a secured credit card and making small purchases each month. Before you know it, the stress and worry of your bankruptcy will be a thing of the past.
For more information on bankruptcy and life after bankruptcy, feel free to call us on 1800 462 767.
 

Are you finding yourself struggling with the burden of personal debt? Do you need immediate debt relief? Here at Debt Free Australia, you can get help with your debt problems from our highly trained Personal Debt Advisor.
With our free Debt Assessment service,we can help end your search for debt relief. In addition, we offer four solutions to help put an end to your struggle with unsecured debt:

• Bankruptcy (assisting you in completing the bankruptcy forms)
• Bankruptcy (acting as your Trustee in bankruptcy)
• Debt Agreement
• Personal Insolvency Agreement

Your personal debt problems can be solved. Seek immediate debt relief by calling our 24-hour phone service on 1800 462 767 or complete our online submission form today.

‘Bankruptcy’ is one of those words that is often stigmatised – what exactly is bankruptcy and how can you avoid its traps?
Bankruptcy is a legal process that releases a person from (almost) all of his or her debts. Declaring bankruptcy can offer a clean slate and a chance for you to start anew financially. But it also has negative effects, in that it marks your credit file and can result in the loss of your home and other assets. Bankruptcy is generally considered as a last resort – but it can be a good option for those who can no longer afford to pay any of their debts and have little or no assets to protect.
Formal alternatives to bankruptcy include a Debt Agreement or a Personal Insolvency Agreement. These are options to help those who are genuinely struggling, but who can afford to pay some of their debt and so do not necessarily have to declare bankruptcy.
You can work to avoid bankruptcy through simple, everyday solutions. For example, avoid using or applying for new credit cards, as it can turn into a cycle of over-spending and charging debts onto new cards. Know your limits and make sure you don’t live beyond what you can afford. Most importantly, choose to get help as soon as you realise that you are falling behind on paying off your debts. Don’t ignore the letters and calls from the banks.
Allow Debt Free Australia to help you get back on your feet, avoid bankruptcy and become debt free. Call us toll-free on 1800 462 767 whenever it is convenient for you. We operate 24 hours a day, 7 days a week.
 

The search for the right solution to your debt problems has the potential to be a frustrating, stressful, and time-consuming process. There are so many factors to consider, and a reputable company should attend to each individual personally in order to give advice that is impartial and suited to the problem in front of them.
At Debt Free Australia, our expertly trained consultants will help find the right debt solution for you. We will consider, among other things, if the debt solution will be affordable, how long the solution will last, if it will affect your employment, how long it will affect your credit rating, if it will protect your assets and if it will restrict your freedom to travel. Understanding that each individual’s circumstances are different, Debt Free Australia will work closely with you and your particular case so that we can find the right debt solution for you. Compare the differences between the debt solutions by clicking here
If you need tailored and professional advice on our personalised debt solutions for your debt problems, feel free to call us today on our toll-free advice line on 1800 462 767. Debt solutions don’t have to wait. Our trained consultants will provide impartial advice that is tailored to your needs.
Our phone lines are open 7 days a week, so call now on 1800 462 767.