St Luke’s Anglicare achieves $450000 in debt waivers in 10 months as disadvantaged struggle with pay day loans … – Bendigo Advertiser

ST Lukes Anglicare has saved disadvantaged people more than $450,000 in debt waivers in Bendigo, Echuca, Mildura and Wangaratta in the last 10 months  but they fear they are only just scratching the surface. The organisations financial counselling service has seen a drastic increase in the number of people facing financial stress due to interest on…

Salvation Army data released during Anti-Poverty Week shows debt is climbing – Bellingen Courier Sun

More and more Australians are falling into the vicious cycle of debt according to research released by The Salvation Army. The data shows that those on the brink of financial crisis have accrued $2.55 of debt for every dollar earned. Thats a debt-to-income ratio of 255 per cent. Comparatively, the average Australian household has a debt-to-income ratio…