The Richest Man in Babylon – have your heard of it? Chances are you haven’t. It could be one of the greatest books ever written on budgeting, savings, managing your money and getting out of debt.
This is an old time classic we have recently re-discovered and have become fascinated with. We enjoyed it so much we’re giving away a free copy to our clients who have enlisted our services to help them deal with their unmanageable debt.
One of the many stories in this great book tells of how you can turn your life around by taking a stand and putting a plan in place to pay off your debts and become debt free.
Here at Safe Debt Management we have helped many clients over the years that have made the decision to put an end to their struggle. There is no quick fix to dealing with unmanageable debt, but with someone to explain the options to you and assist you along the way, it really can make the process a lot easier.
If you are financially overcommitted you are certainly not alone. The Australian Financial Security Authority’s statistics on personal insolvency over the past two years saw bankruptcy numbers drop, while Part Nine debt agreements increased by 7.3 per cent.
Some examples of SDM clients we have recently helped are:
Mrs M: struggling with $45k worth of debt, which comprised of two personal loans, two credit cards and an overdrawn bank account. She could not afford her general living expenses, as her minimum repayments were $510 per fortnight. She was able to put this entire debt into an affordable payment of $380 per fortnight with us, which gave her $130.00 back in her pocket each fortnight to cover her essential living expenses. She will save close to $30k in interest and be debt free in five years!
Mr S: struggling with $20k worth of debt, made up of two personal loans, credit card debt, an old phone bill, an old rental agreement and had recently had his car repossessed. He was unable to continue to make payments to his creditors. His minimum repayments were $440 per week. He was earning $778 per week and could not manage. We were able to put his entire debt into a Debt Agreement plan with affordable payments of $140 per week. This has allowed him to cover his general living expenses. He will save many thousands in interest and be debt free in just three years.
Ms L: a Single Mother with $75k worth of unsecured debt, made up of mainly credit cards where her minimum repayments were $500 per week. She was only paying the interest and not reducing her debt at all. She also had secured debts of a mortgage and car lease which added yet another $376 per week to her repayments! We were able to put all her unsecured debt into an affordable payment of $145 per week. All her interest stopped, saving her tens of thousands of future interest. She will be free of these debts in five years. It was important to this client to be able to keep her house and car and now, with Safe’s help, she can.
And this is what some of our clients have had to say about us:
“A huge weight has been lifted from my shoulders. I was becoming more and more depressed and could not see a way clear of all of this mess I got myself into. I can now see the light at the end of the tunnel.”
“Belinda was very polite and helpful and was in contact with me through the whole process and explained the procedure of a debt agreement to me very well.”
“Excellent Customer Service. Very easy and made me feel like I had some control over what I had lost.”
How does your current financial situation compare to these clients? We offer a free consultation where we can discuss the numerous options available to you. Let us put an end to financial hardship and get you back in control.