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Are you "weighed down" in debt and confused about debt management solutions? Do you have questions about which debt management option is best for you? We understand, so after years of experience we have the answers to your questions. Our business is 100% committed to helping you regain your life – our company motto is “Relieving Debt – Regaining Lifestyle”.
What are my debt management options?
Your options depend on the size and status of your current debt and your ability to service this debt. Some companies will tell you that you have just one option, bankruptcy, but at My Debt Help Australia, we'll work hard to find the best option for you.
What happens if I go bankrupt?
Going bankrupt is an option but it may or may not be an option available to you. Bankruptcy is just one debt management solution. Once you go bankrupt, you WILL struggle to get credit in the future. We will try all other financial management solutions to get you back on track without damaging your credit the way that bankruptcy can.
What is a debt consolidation loan?
A debt consolidation loan is where My Debt Help Australia helps you to negotiate your way out of all your existing debts and to create one single, easy to manage loan. Unlike bad credit personal loans, which will carry a high interest penalty, debt consolidation loans (if available to you) are the same as a personal bank loan. They are a very workable solution to your repayment problems.
How much will I pay overall with a debt consolidation loan?
The difference that having a professional debt manager makes is astounding. A professional debt management company like My Debt Help Australia will help you to find the very best debt solution possible. Choosing a debt consolidation loan at a higher interest rate will make an astounding difference to how much you repay overall, so be sure to choose a debt management firm that's looking out for your needs.
What are all the options and what do they mean?
Each debt management solution has its own benefits and implications. To make sure you reach the best decision, your My Debt Help Australia Personal Finance Mentor will run you through all your options so you're 100% happy with the option you choose. Your personal file manager is available to answer all of your queries.