Protect your credit rating and peace of mind

Many Australians find themselves struggling with debt for a variety of reasons.  Yet there are some basic steps that can be taken to help get you back on track and ensure debt doesn't become a long term problem.

Follow some basic steps to help manage your debt:

• Prepare a budget to ensure you can afford to pay for things before you purchase them
• Pay all your bills on time no matter what the value or who the lender
• Pay off any interest free purchases before the interest kicks in
• Consolidate your debts to ensure you pay the lowest amount of interest possible
• Close accounts or lines of credit that you don't need - don't keep them open as a "just in case"
• Check your credit report regularly to ensure its accuracy and so you know your record is in good health.