Help with Bad Credit

Living with bad credit can be very stressful. It seriously limits your financial options at a time when you need as many as possible. Bad credit makes it difficult to get a credit debt consolidation loan. It can even affect your ability to rent a property.

The feeling of having dwindling options can be overwhelming and very stressful. Many people ask themselves how the situation snowballed and got so out of hand. The good news is that you do have other options.

Credit debt consolidation is not always the best option.

Every year, MyBudget meets with thousands of people who have bad credit. They often come to us assuming that credit debt consolidation is their only option. Many of them have had one or more credit debt consolidation loans in the past. It’s very common to observe that a cycle of credit debt consolidation loans has actually led to the client’s bad credit situation. There are also a large number of people who don’t qualify for a credit debt consolidation loan and others who simply can’t afford one.

Bad credit recovery without credit debt consolidation.

Credit debt consolidation is only one option to address bad credit. MyBudget specialises in helping people with bad credit without them needing to enter into a credit debt consolidation loan. We’ve helped tens of thousand of Australians and we can help you, too.

How do we do it? It starts with a free consultation where we will assess your financial situation in detail. As well as analysing your income and expenses, we also examine your debt and bad credit situation. Even if you decide not to proceed with MyBudget, the customised budget plan and our recommendations are yours to keep for free.

Unlike companies that only sell loan products, we assess your entire situation and explore all of your options. We make a recommendation based on your specific needs. The solutions we recommend, therefore, will vary from one person to another because no two situations are exactly the same.

Experience proves that debt negotiation is often more effective than credit debt consolidation.

In many cases, we find that debt negotiation is more effective than credit debt consolidation at fixing bad credit.

Our recommendations, therefore, may or may not include credit debt consolidation. For example, it may be better for you to negotiate with your existing creditors or to alter your money management approach. In fact, thousands of MyBudget clients have paid their way out of debt and back into good financial standing without pursuing credit debt consolidation.

If you do become a MyBudget client, we can also communicate with your creditors on your behalf and negotiate payment plans for any outstanding debts. This is usually a huge relief for clients who’ve been receiving harassing phone calls and letters from creditors and collectors. Our vast experience in debt negotiation means that we know what sorts of terms are achievable. In some instances, we can negotiate for interest charges to be waived for a period of time while you get back on track.

MyBudget helped Lesley take control of her spiralling debt. We can help you, too.

Before MyBudget, Lesley was struggling under unmanageable debt. After being with MyBudget for only one year, she has nearly all of her debts paid off:

A free consultation will cost nothing but your time.

A free consultation with MyBudget is an opportunity to gain deep insights into your financial situation and all of your options. Even if you decide not to become a MyBudget client, the budget plan we prepare for you is yours to keep at no charge.

Change doesn’t have to be difficult. The first step is always the hardest, but in this case it’s as simple as making a phone call. Take the step today to get out of debt and start saving. It’ll be the best decision you’ve ever made.