Our Articles, Knowledge and News about Debt Reduction
Here you'll find more helpful information about debt reduction for business debt, personal debt, credit card debt and medical debt as we share our knowledge and experience.
4 Reasons why you need to be out of debt
If you need help with debt, getting out of debt should be a top priority of anyone who is in debt, and that’s a fact. Debt affects us all in a huge number of ways, and at times, we can’t even see how much of an impact is has. The sooner you get rid of debt, the better off you’ll be. Don’t believe it? Consider these five popular perks of living with low to no debt.
Posted on 17 oct 2018
Creating a Killer Budget
Creating my first budget can be extremely overwhelming. So overwhelming, in fact, that only 40% of families have a working budget. But it’s worth the effort. People have credit card and personal loan debts should be creating a budget spreadsheet to help them get debt free. Developing a budget that you can maintain over the long term will get you debt free and develop wealth. If you’re in financial hardship, you need a budget.
Posted on 17 oct 2018
5 Ways to Improve Your Credit Score
There’s a simple science to improving your credit score. We like to think of it as this: consistency x time = a red-hot credit score! We’ve put together the five most important factors that will help you improve your score over-time.
Posted on 8 oct 2018
Need help with debt? 3 options to consider if you can’t pay your loans
Bills are piling up, and you’re waiting for your next payday. You need to pay your rent, buy food and keep the electricity on. At this point, your credit card payments are probably the last thing on your mind.
Posted on 7 oct 2018
12 Ways to deal with Debt Collectors
No one likes dealing with Debt collectors, your under enough stress with your Credit Card payments and other loans, yet you know you may be experiencing financial hardship and need assistance. This is a guide that will show you, step by step, what to do when the debt collector comes knocking. after reading this article and you still feel uneasy about dealing with debt collectors, you can use a debt negotiator to help you with this.
Posted on 3 oct 2018
ASIC prescribes three-year period for credit card responsible lending assessments
Following consultation, ASIC has set a three-year period to be used by banks and credit providers when assessing a new credit card contract or credit limit increase for consumers. Reliable debt help in Australia can be difficult to come by, if you need help with debt, reach us on www.creditmediation.com.au
Posted on 3 oct 2018
Is Debt Bad for Your Health?
There’s hard medical facts correlating stress to physical health. People experiencing constant stress in their life are more likely to have cardiovascular problems, asthma attacks, liver issues, digestion issues, stomach ulcers and the list goes on. If you need help with debt, a debt negotiator could assist you.
Posted on 25 jul 2018
7 Signs you’re in financial trouble
Financial trouble is not necessarily characterised by major catastrophic events, like home repossession, it begins way earlier. If your living from pay cheque to pay cheque, it’s inevitable an unexpected life event will occur, like unemployment, and without savings you could be in real trouble. Sometimes it’s the case of not earning enough, more commonly however, you could make better short-term financial decisions that will benefit you in the medium and long-term future.
Posted on 23 jul 2018
Why your bank says NO to Hardship assistance
You can be forgiven in thinking the banks attitude towards the public is “We owe you no favours”, as the Royal Commission has revealed, they exercise this principle in many transactions. As a Financial Negotiator working in the debt negotiation industry, I have at times a not too friendly relationship with banks. However, we’ve observed a more positive side to the banks.
Posted on 26 jun 2018
1-minute quick-fix for clients in financial hardship
There are 3 simple rules in resolving any anxiety with arrears on your mortgage or credit cards, these golden rules will help ensure that any temporary financial slump won’t turn into a major financial crisis.
Posted on 13 jun 2018