17 Debt Advice Tips for Australians [Part 1]

Debt problems come in all shapes and sizes from the occasional cash flow crisis to full on, out of control, debt nightmare that requires professional debt advice.
For Australians experiencing debt problems in the short term a number of steps they are open.

1 A simple debt advice and good tips is developing a budget and stick to make it easy to see what money is and what is leaving.

2 Most consumer credit portfolios and the cards they had for some years. As the older of their credit score often improves with age, which means they may be eligible for credit cards cheaper and could save money if they switched lender. You can spend hundreds of dollars in interest of credit cards this way.

3 Obtain a list of standing orders and direct debits from your bank is a good way to identify non-essential expenditures that could be better used.

4 interest-free loan to buy now and pay later, bids are often expensive and designed for consumers of their hard earned cash. It is best to avoid these transactions, and purchase only what you can pay cash for.

5 pay more than the minimum monthly payment on all credit cards, otherwise you will pay more than you need to interest payments.

6 If you have a mortgage, consider refinancing. If you're careful you can save money on a cheap introduction.
For consumers who are facing more than the debt problems in the short term a number of other measures are available.

7 Consider the consolidation of all credit and debt card store in a loan. Average lending rate is significantly lower than the average and store credit cards. Request of two small loans, rather than a large, it may be easier to get your loan approved.

8 Do not extend the loans of more than 3 or 4 years, this may make the total cost of credit more expensive for only small monthly savings.

Please continue reading part 2