Managing debt
Options for avoiding financial difficulty
The temptations of a modern consumer lifestyle and the increasing availability of consumer credit products can make managing your levels of personal debt a complex and time-consuming undertaking. In order to avoid finding yourself in financial difficulty, it’s important to know what your options are, and to understand the processes available to you.
Information about managing credit levels and the consequences of debt
This section of the website discusses your rights in relation to managing both your level of credit and your creditors, and describes some of the options available to help you avoid or mitigate the worst consequences of excessive debt.
- Refinancing and debt consolidation
- Hardship variation and credit relief
- Complaints and disputes
- Legal proceedings
Credit counselling services offer educational programs or individual counselling sessions which can help you manage your debt effectively. For information on this, go to the Consumer Credit Legal Service website, and to find out where your nearest qualified financial counsellor is, visit the Financial Counsellors Resource Project.