Get Debt Free | Bankruptcy | Debt Consolidation | Specialist

Repay more than the minimum monthly amount.

Repaying only the minimum monthly amount required will take years to repay the debt. We recommend that you repay as much as you can afford every month and you will save a small fortune in interest and you will become Debt Free much sooner!

Stop using the cards

It might sound obvious, but continuing to use your credit cards just puts the moment that you will become debt free further away. If you need to make a purchase, wait until you can afford to pay for it with cash.We strongly recommend that you stop using your credit card and apply for a debit card.  With a debit card you can only spend the credit that you place on the card. Many banks now offer debit cards and are becoming very popular.

Consolidate your debts

If you have more than one credit card balance, chances are you might be finding it difficult to keep track of all of your repayments. Missing a repayment can mean late fees and some credit cards may even impose a penalty rate of interest. 

By Consolidating your credit cards you can take advantage of two things:

• You can reduce the number of individual repayments to be made each month. This makes it easier from a practical point of view in that you only have to make one payment per month.
• If you qualify for a consolidation loan or a credit card balance transfer you may also be offered a low introductory interest rate.

Still unsure about credit card debt?

If your credit card debts are no longer affordable, you may need to consider other options.  Please call today and consult with our personal debt advisors.

At get debt free we can help you work out an affordable budget to help solve your debt problems. To speak to one of our advisors call our tol free line on 1800 80 10 70

If you are currently studying your credit card bills wondering how you got into such a bad situation, you’re certainly not alone.  Huge numbers of people every month struggle to afford the minimum monthly payment on their credit cards and are crying out for credit card help.

Overspending is part of the problem.  In our credit driven consumerist society it is all too easy to just swipe away our financial problems with a credit card, and purchase whatever we please. However, we’re just compounding the financial problems we’ll have to face later. Lots of people need credit card help because of this financial mismanagement.  If you’re in this situation then you shouldn’t be embarrassed. Everyone knows how easy it is to get into problems where you need credit card help, and when you’re young and carefree it can be difficult to manage your money.

If this situation sounds like you, why not get in touch with us. We’ve helped many people get back on top of their credit card debt.

Lots of us who need credit card help don’t have a money management problem. We’ve just gotten into a bad situation because of an emergency or another situation where we’ve been required to quickly borrow money at a high interest rate. Life is unpredictable, and there are many situations that pop out of nowhere. It’s impossible to budget for every eventuality. Lots of people have credit cards for emergencies, and most of the time they end up using them. Life has more emergencies than we ever imagine.

Having a family is also incredibly expensive, and you never know when your kids are going to cost you money. At least with yourself you can make some kind of budget, and most of the time you can see into the future. It’s not the same with kids. Unexpected costs come up all the time, and that’s in addition to the ones you know about. When you have a family it’s just incredibly easy to get into a situation where you need credit card help.

So when you do need credit card help, where can you turn? Well, one solution is to investigate credit card consolidation. It’s a process where you can take all your credit card debt and turn it into one easily manageable monthly repayment. Instead of paying huge interest rates and payments to lots of different companies every month, you just send one payment to one company. It’s specially calculated so you never spend more than you can afford, and it could give you your life back. If you need credit card help, then credit card consolidation is a great solution.

Why Consolidate Credit Card Debt?

If you have one or multiple credit cards with outstanding debt and find it difficult to meet the monthly repayments you may want to consolidate credit card debt and save yourself time and money.

What is debt?

Debt plays an important part in our lives. It helps us build value through acquisition of assets. Unfortunately, debt can also be be detrimental if it mounts up without providing that value. Most commonly, this happens with credit cards.

Unfortunately, we are not always provided with the proper knowledge on how a credit system works, and using credit instead of our own money to make purchases can be an enticing option at the best of times.

The truth is many Australians have one or more credit cards with debt outstanding, often ranging in the thousands. Purchases made with the bank’s money need to be paid off before the interest free date expires, and in many cases, they are not.

Does this sound like you?

It’s not just the frustration of losing money to the banks, but also having to shift money from one card to the next just to stay above water. Though this might seem a good long term solution, it won’t hold weight in the long term. What you need is debt consolidation.

Merging your credit card debt allows you to streamline your debt repayments into a simplified process. While consolidating your debt won’t remove it, there are a number of benefits.

Lower rates and repayments

By securing a lower interest rate on the one loan, not only are your repayments focused on a single debt, but you’ll be paying off a lower amount and can be debt free much much sooner. The savings from the consolidation can also be used to bolster your repayments, meaning you’ll be debt free all the sooner.

In some cases it may be that your credit cards already have a low interest rate, and consolidating may not benefit the total sum by a great deal. However it is still worth considering. If you combine your credit card debt into a single loan repayment the time saved from only having to manage one repayment is invaluable.  Also, let’s not forget that your credit card debt is reduced to zero, making those cards available for purchase should you need them. Be careful not to fall into the same trap again. Just because your credit cards have been repaid through consolidation doesn’t mean you should go spending what you don’t have. If you still find it difficult to budget your credit payments so that you are not incurring debt consider switching to a debit card. They offer similar benefits but only let you spend the money you have.

If you would like to experience the relief of consolidating your credit card debt into one easy to manage repayment, then give us a call, or request a debt assessment. Our trained advisers can help yo choose a plan that is right for you, and will help you get debt free!