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How to Manage Debt

How to Manage Debt Having debt can be beneficial if you are able to manage it effectively. This is because not all debts are the same – there is ‘good debt’ and ‘bad debt’. For instance, if you have taken on a loan to invest in stocks, it is usually considered ‘good debt’. If you have borrowed money to pay ...
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How will my Debt be Collected from a Creditor?

How will my Debt be Collected from a Creditor? The debt collection process is not simply a person knocking on your office door and asking for their debts to be repaid. There are guidelines set out by the Australian Competition Consumer Commission (ACCC) and the Australian Securities and Investment Commission (ASIC) which dictates how debt collection agencies operate. Creditors will ...
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Debt Relief: Debt Agreement V. Bankruptcy

Debt Relief: Debt Agreement V. Bankruptcy When you’re drowning in debt, you have a few relief options. Two of the most common options are declaring bankruptcy or entering a debt agreement. But which solution is right for you? Today, we compare a debt agreement and bankruptcy. Debt Agreement A personal debt agreement is an agreement between you and your creditors ...
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Need Debt Help? Here Are Your Options

People find themselves in financial trouble for all kinds of reasons. In times of financial distress, it helps to know one’s options. Debt Free Australia (DFA) has put together a list of the formal debt solution options available to you: Debt Agreement The first option for those seeking debt help is aDebt Agreement. A Debt Agreement is an arrangement between ...
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How Does Debt Consolidation Work?

How Does Debt Consolidation Work? It is common for people to find themselves in a position where they have to pay off more than one debt at once. If you are struggling to balance multiple debt repayments, it is worth considering debt consolidation. Debt consolidation is the process of taking all your current debts and putting them into one new ...
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How to Find the Right Debt Solution For You

While you may not be the only Australian struggling with personal debt issues, every person’s situation is different and so it is important to find the debt solution that is right for your individual circumstance. However, finding the best option is easier said than done. There are many personal debt solutions available that can make this process very confusing and ...
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Why A Debt Agreement Can Be A Better Option Than Bankruptcy

Are you struggling to repay your debts but want to avoid filing for bankruptcy? At Debt Free Australia, we can offer an alternative solution to mending your debt problems: through a Debt Agreement. A Debt Agreement is a legal alternative to bankruptcy in which you arrange to pay a certain amount back to your unsecured creditors over a set period ...
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JobKeeper – advantages and disadvantages for your firm

The JobKeeper program provides a wage subsidy to workers up to $1,500 per fortnight to the end of September. Due to the surge of cases in Victoria and Melbourne city lockdown, the program has been extended to the 28th March 2021 with new pay rates. Below explores some advantages and disadvantages of applying (or reapplying) for JobKeeper: Advantages The JobKeeper ...
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