Being in debt is daunting, but financial problems can happen to anyone. Financial hardship can happen due to a range of factors – a sudden loss of income, unexpected illness or a large life event, just to name a few. Whatever the reason, financial hardship can feel like a rollercoaster of emotions, and it may feel like it is difficult to get back on track. Finding debt help is also difficult, as it may be hard to find the right person to trust. At Debt Fix, we have listed a few options for your way forward to get debt help, solutions and management. We do what we do to help Australians find a way to move on from debt and get their finances in order. Our dedicated team is here to give you financial support and debt advice to help deal with your debt and set up a solution that you can stick to. If you have debt, it can be difficult to know where to start. Here are some steps you could take to get financial help:
1. Figure out what you owe and prioritise your debts
Being in debt can feel overwhelming, especially when you don’t know who to turn to for help. However, there are steps you can take yourself and it starts with identifying your financial situation, so you know where to get debt help. You should also work out what you owe and sort your debts in order of importance. A good way to decide on importance is by comparing interest rates or total owing amount. To compare interest rates, we have a calculator so you can find the total amount owing and see what the best strategy for you is.
2. Make a budget
After identifying your debt, you’ll need to figure out what your expenses are. When spending feels uncontrollable, it might seem easy to let some things slip under the radar. For many, this means spending money they don’t have. Make a budget by deciding how much money is coming in, how much you’re sending and where it is going. This can help you see a realistic overview of your money. If you’re not sure where to start, we’ve got a few articles to help with budgeting. This will help while you’re paying off your debts.
Once you’ve decided on a budget, you’ll be able to set some realistic goals. For some this could be paying off a credit card, while for others it could be settling a debt. Once you’ve mapped out a financial plan, start your journey as soon as you can.
3. See an expert
If you need a bit more guidance or need help, find someone that is a financial expert. If meeting the repayments and paying higher than the minimum is difficult for you, you should ask an expert as soon as you can. Debt often comes at a difficult time, so you may also want to get counselling, help and emotional support.
When it comes to debt, we listen to you, understand how to help you and most importantly, we don’t judge your situation. We know how much courage it takes to ask for help, that’s why our financial consultants are here to help find a way beyond debt for all Australians.
4. Decide on the best option for you
Debt is certainly overwhelming, but it may be comforting to note that you do have options when it comes to debt help. A great financial counsellor will help you explore all your options so you can get a personalised debt support. This can include forming a budget that you can actual stuck to, a plan to decrease your interest and fees. They will be able to suggest ways to improve your situation, negotiate with creditors or help you with other services.
Debt help for all Australians
We’re here to help make an individualised plan based on your life and what you can afford. We are committed to providing debt help for everyday Australians so you can find a way forward that suits you. Our debt consultants at Debt Fix are here to provide financial help for you beyond paying off debt. We believe that financial hardship doesn’t have to feel like something that you need to deal with alone – The right support can help you overcome your situation and strategise for the future you want. For more information, contact our consultants today and find out how we might be able to help you.