No one likes having debt. It’s as simple as that. But for many Australians, this is the unfortunate reality. They wake up – often after very minimal sleep - to the sound of their phone ringing. After anxiously picking up the receiver, a loud, angry voice fills their ears. Their chest immediately tightens up, their heartbeat quickens and their brow ...

Unfortunately for many, debt is a reality in most modern households. Many Australians are struggling with their personal debt and are unable to meet their debt repayments to creditors. The good news is that there is help available. Here at Debt Free Australia we provide simple and effect solutions to Australians who are struggling with debt. Here are some quick ...

Consolidating or refinancing debt may seem like a simple way out of overwhelming debt, and for some people it can be a great help. However, there are several things you need to consider before jumping into either of these options. What are they? Refinancing involves cancelling your current loan agreement, and entering into a new loan agreement with your current ...

If you have become bankrupt or contemplating bankruptcy the family home may become seriously affected if careful planning isn’t done. What Happens in Bankruptcy? The bankrupt’s interest in the property vests with the Trustee in Bankruptcy by operation of the Bankruptcy Act. What this means is that the bankrupt can no longer deal with the property in any way and ...

Australian households have come out on top as the most indebted in the world, according to research by Barclays, making them vulnerable in the event of a global crisis. The Sydney Morning Herald reports Barclays’ Australian chief economist as saying that the private sector debt-to-income gearing is at an all-time high of 206 per cent, up from a pre-Global Financial ...

Debt Free Australia has long taught their loyal readers and clients that one of the main consequences of entering into a Debt Agreement is that your name would be permanently listed on the National Personal Insolvency Index (NPII). Although this is not often looked at, this meant that a public record would always document your period of personal insolvency and ...

“Debt? But I’m still so young! What do I need to think about debt for?” This response from young Australians is all too common in 2015. What they aren’t aware of, however, is the advantage presented to individuals who did think about debt and developed smart and savvy financial habits from a young age, setting themselves up for a financially ...

Current and former university students owe the Commonwealth a record amount of money, with a new report estimating that more than $6 billion in student debts is never expected to be repaid. A study conducted by the Grattan Institute has found that university students have accumulated Higher Education Loan Program debts in the amount of $26.3 billion; this figure represents ...