If your debts are getting out of control or you are struggling to make ends meet, it’s important to act quickly. Help is available, the Australian Securities and Investments Commission (ASIC) said on its financial planning website, Money Smart.
The first step, according to ASIC, is to deal with the problem head on. Talk to your credit provider to discuss how you can address the situation in a mutually beneficial manner.
Taking action straight away can stop a small problem from becoming a big one. Many companies have hardship officers who can assess your situation and work out what help is available. Whether they can help you will depend on why you …
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