While many business and industries are facing a downturn, one group’s flooded with work: debt counsellors …, Anna Hpisley hears more from Anthony Warner, Chief Executive of Get Debt Free (Economy Business and Finance, Debt Management).
Broadcasted on 3/11/2008
THE economic hard times are beginning to bite, with thousands of people unable to pay their bills now desperate to cut a deal.
Debt agencies report they are working seven days a week as people, even those earning more than $100,000 a year, flood the phone lines asking for help in tackling credit card debt and personal loans they are no longer able to repay.
“Six months ago we were getting around 500 calls a month. Now, it’s 800 calls,” said Anthony Warner, chief executive of Get Debt Free.
Most of the people who contacted him felt they were “getting nowhere”, Mr Warner said, as they struggled to pay off their debts in increasingly tough economic times.
LONDON (AFP) — Prime Minister Gordon Brown stepped up pressure on Iceland Thursday as Britain tried to establish how many hundreds of millions of pounds of local government cash had been in frozen Icelandic banks. (more…)
We help Australians get out of debt! If you are struggling with debt, don’t delay and call us toll free on 1800 98 10 70.
Our professional & friendly Personal Debt Advisors will find the most suitable debt solution for you in just 10 minutes.
Our toll free lines are open 7 days a week from 8am to 6pm (Monday to Friday) and 9am to 5pm (Saturday to Sunday). (more…)
Get Debt Free Advisors help Australians find the most suitable solution, call toll free now on 1800 98 10 70.
AUSTRALIANS once were a nation of savers. But next month the Bureau of Statistics will tell us that households owe $1 trillion in debts and other liabilities, making us world-class debtors.
Our debts are now seven times the $136 billion we owed in 1988, when the bureau began counting. (more…)
What are you going to do with the $47 a month you’ll save on average home loan repayments after this week’s rate cut? If the money isn’t needed to meet increased fuel and food costs, there’s a strong argument for maintaining your mortgage payments; for pretending the rate cut didn’t happen and using those extra dollars to reduce your debt. (more…)
Bankruptcy levels in the past financial year were at their second highest on record but one in five struggling borrowers facing financial ruin chose to enter into a debt agreement rather than surrender their assets. (more…)
The Government agency overseeing personal insolvency in Australia has been receiving proposals for debt agreements at a rate of 1000 a month - a record pace that, if maintained, could mean a 50 per cent jump in such insolvencies this financial year. (more…)
HIGH interest rates and soaring petrol and food prices have left many families struggling with debt.
Jan Pentland, chairwoman of the Australian Financial Counselling & Credit Reform Association, said debt-burdened people needed to admit a problem and take action before it was too late. (more…)
Keep in Touch
