Debt consolidating advice

06 Sep

There are two main types of personal bankruptcy: A debt collector generally is a person or company that regularly collects debts owed to others, usually when those debts are past-due.

This includes collection agencies, lawyers who collect debts as part of their business, and companies that buy delinquent debts and then try to collect them.

Are you worried about losing your home or your car? Many people face a financial crisis at some point in their lives.

As federal courts have exclusive jurisdiction over bankruptcy laws, cases must be filed in federal bankruptcy court.Writing down all your expenses, even those that seem insignificant, is a helpful way to track your spending patterns, identify necessary expenses, and prioritize the rest.The goal is to make sure you can make ends meet on the basics: housing, food, health care, insurance, and education.Whether the crisis is caused by personal or family illness, the loss of a job, or overspending, it can seem overwhelming. Your financial situation doesn’t have to go from bad to worse.If you or someone you know is in financial hot water, consider these options: self-help using realistic budgeting and other techniques; debt relief services, like credit counseling or debt settlement from a reputable organization; debt consolidation; or bankruptcy. It depends on your level of debt, your level of discipline, and your prospects for the future.At My Budget, we’ll assess your current situation, provide you with the facts about your options and work with you to design a solution that's tailored to your preferred outcome and long-term goals.To find out what we could do for you and APPLY for a debt consolidation loan, call us on 1300 300 922 or book your free consultation below.We’ve helped over 50,000 Australians, on terms that suit them, to manage their debt and save for the future.If debt consolidation is something you are interested in, we can assist.The first step toward taking control of your financial situation is to do a realistic assessment of how much money you take in and how much money you spend. Then, list your "fixed" expenses — those that are the same each month — like mortgage payments or rent, car payments, and insurance premiums.Next, list the expenses that vary — like groceries, entertainment, and clothing.