We’re here to help you get your credit card debts under control and pay them off as soon as possible. Our solutions are tailor-made just for you.
We’ve already helped tens of thousands of Australians, all on terms that are comfortable for them.
When your credit card debts only seem to be growing, you can feel trapped.
Even simple, everyday spending on food and transportation can make life stressful.
You try to pay off your debts each month, but when multiple credit cards are maxed out, late fees keep shooting up and you may find that you can barely make a dent in the interest charges
If all you earn goes towards paying the debt, you never save.
For a little relief, you may be using one credit card to pay off another, but this sinks you in deeper.
Feeling uncertain about your financial future is stressful and frustrating. It may have you feeling stuck.
But don’t worry. There’s light at the end of the tunnel.
Credit card debt is something a lot of Aussies struggle with. It’s a major source of financial stress for many. There’s no need to feel alone.
Here are some facts about Australian credit card debt:
The total national credit card bill
Don’t pay off their credit cards in full at the end of each month
Annual spend on credit card interest
Life doesn’t always go to plan. It makes huge demands, some of which are totally unexpected and life-changing.
These things could happen to anyone.
With the right support to build good financial habits, you may be able to pay off your credit cards with your existing income.
By consolidating multiple debts into one, you’re giving yourself a single debt with a single interest rate to focus on.
If the interest rate on your debt consolidated loan is lower than individual interest rates, you could save money and improve cash flow.
You can transfer your balance to a card with an interest free period or a lower interest rate. By doing so you can give yourself a break from paying interest – and a chance to get some money back in your pocket.
WARNING: balance transfers can keep debt cycles going if you’re not careful.
If you can’t see a way out of your debt spiral, applying for insolvency and declaring bankruptcy may be an option. This is a serious decision that involves detailed legal processes and has long-term consequences.
WARNING: a successful application for insolvency can damage your credit rating and stop you from accessing credit for five years or more.
We deal with complex financial situations on a daily basis. If you’re confused about how you can get out of credit card debt, we’re here to help.
We start by getting a thorough understanding of your financial situation.
To offer a solution that works for you, we take into account:
We can prioritise your debt and bill payments so you can optimise the use of your income
We can pay your bills and loan payments for you (including to friends and family)
We can help ensure you have enough money for day-to-day living expenses
We can provide you with visibility on your financial progress and give you an idea how long it will take to get out of debt
We can help to take away the stress by talking with your creditors on your behalf
We can negotiate affordable payment arrangements to help get you back on track
Relax as we manage the debt reduction process for you
Stressing less means you can sleep more peacefully at night
Sticking to a plan is the only way to see your credit cards debts decrease over time
With credit card debts reducing, you’ll save money on interest and have more money in your pocket
As credit card debts get paid off, debt collectors and creditors may no longer chase you
A credit card debt-free future means a more financially secure and stress-free future
We can do the same for you.
We’ve already helped over 110,000 Australians get out of debt. Without heavy debts hanging over their heads, our clients now live more relaxed, happier lives.
Check out our testimonials to see what some of our clients have to say about the difference MyBudget has made in their lives.