Imagine you are in the supermarket, getting dinner for the family, you swipe your credit card and it shows declined. You swipe the other 2 cards you have and both are declined. You realize you are in debt. You are embarrassed. Now what do you do?
The current state of Australia’s national debt is one of the highest in the world. There are 16,580,989 credit cards in Australia as of February 2018, netting a national debt accruing interest of $33 billion. So, here are the top 4 things that can affect your financial reputation
- Too much ‘maxing out’ leading to Credit Card debts: Using multiple credit cards along with making late payments can pile up your debt leading to a black mark on your credit rating.
- ATO Debt: If you have not paid your taxes and have unpaid interest payments to the ATO, you will be under serious debt thus affecting your credit rating.
- Unpaid civic compliance fines/ parking fines: Parking fines on civic compliance will put you under enormous debt again affecting your credit rating.
- Personal loan debts: This happens when an outstanding loan amount on the personal loan cannot be paid which in turn can again affect your credit rating.
If you are stressed about being in debt and you want to save your financial reputation settle your debts immediately with us! Click here and book a free consultation with an expert! Settle my debts : the only customized financial service in Australia. We will hear your problem, negotiate with banks and financial institutions and settle your debts by either eliminating the outstanding amounts or reducing them.
Call on (03) 8672 7980 to book your free consultation now!