Financial difficulty
Dealing with the consequences of unmanaged debt
Most consumers carry and effectively manage some level of debt at some time in their lives. However, unforeseen circumstances such as illness, job-loss or a relationship breakdown, inattention to financial management or simple over-commitment can leave you struggling to meet your repayment responsibilities. It’s important to be aware of the warning signs and to act early to regain control of your finances, in order to avoid the worst consequences of financial difficulty.
Information about recognising and overcoming financial difficulty
This section provides information about recognising when you might be in financial trouble and the resources available to help you deal with such a situation, and details some of the problems you may encounter along the way.
For general information on dealing with your debts while in in financial difficulty, read Consumer rights when it all goes wrong: how to ease the credit squeeze!
For information on preparing a budget, taking action to reduce your debt and where to get help in Western Australia, read Sussex Street Community Law Service's publication: My Money Book.