It’s easy to find yourself in financial hardship when you find yourself struggling with multiple debts you are struggling to repay. Before you go on with this blog, if you are already behind in your debt repayments, contact your creditor as soon as possible to try and come up with arrangement to catch-up on payments, and make them more affordable for you.
If you are struggling with your debt, and are just keeping your head above water, there is good news – There is help out there! Thereare a wide variety of debt solutions around to help you get out of debt and back onto the path of financial freedom. You only difficulty is choosing the right option for you.
To be able to make the right decision, make sure to talk to a professional debt consultant. In Australia, there are government funded financial counselor services that you can avail for free. They provide independent advice and help to people who are burdened with their financial challenges. The Australian government also provides a free and downloadable Financial Hardships – How to Fact Sheet to guide you further with your decision-making.
When trying to make the right move financially, it is important you get a copy of your credit file. You can request a copy of it from an authorized agency. This report will show all the necessary information related to your credit history. A reputable financial firm is VEDA. It’s important to get a copy of your credit file so you can see where you are at financially.