Category Archives: Debt Solutions

Victorians burdened by high levels of debt

EVERY Victorian has responsibility for the huge state government debt, translating to about $10,000 per person. State Government Debt has rocketed by $4.4 billion over the past year, and now totals $56 billion. Auditor-General Des Pearson has warned the state’s … Continue reading

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Debt Consolidation is easier with a rate cut

While  most Australians are not  going to feel the impact of yesterdays rate cut for some time, debt consolidation may be both cheaper and easier, with the new interest rates. People with a large number of unsecured debts as well … Continue reading

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Debt reduction – a priority for most

According to a recent survey, If RBA was to announce a cash rate drop next month,  borrowers are more likely to pay down their debts with the extra funds than use the money towards Christmas shopping. It is unclear at … Continue reading

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Generation X is most exposed to debt problems

GENERATION X, being people aged between 30 and 50 are struggling with debts more than any other sector of the Australian population.  In fact experts are believe that these people can well be renamed to Generation Debt. A new survey … Continue reading

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Debt consolidation for home owners

Most people applying for debt consolidation help are looking for a personal loan to consolidate their unsecured debts such as credit cards, store cards, other personal loans etc. However few take the time to consider that their cheapest debt consolidation … Continue reading

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Consumer Sentiment squeezed by Global Turmoil

The recent turmoil on financial markets has had a significant impact of the confidence of the Australian consumer. People are worried about loosing their job, loosing money in the stock market, declining values of superannuation, uncertainty about interest rates, housing … Continue reading

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Aussie families struggle with debt

Aussie families are spending almost half their income paying off debt, paying  power bills, covering transport costs and simply putting food on the table. The day-to-day financial struggle is such a concern that Australians are worrying more about rising living … Continue reading

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RBA to regulate credit card surcharges

RBA is considering introducing limits on credit card surcharges as a result of an increase in fees being charged by many card providers. The RBA payments system board believes that introducing a cap on credit card surcharges is a good … Continue reading

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Debt Turmoil for Aussie Families

A new study reveals that one in seven Australian adults is under such financial strain that they are unable to afford insurance cover for their homes and cars, a new study shows. It seems that over 2.6 million Australians would … Continue reading

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Credit Cards getting more expensive

Credit card users are now paying a lot more for their credit cards than they might realise. With the cost of living escalating more and more households are resorting to using credit cards to cover the family’s weekly expenses. Many … Continue reading

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