Article Tags: creditors

Credit Card Debt for Retiree– also tagged bankrupt, bankruptcy, car loan, credit card, interest free debt, superannuation

Anne is a retiree who had amassed over $15,000 in credit card debt. She had spent the money on household items and some medical bills and being on an aged care pension, she was now unable to afford the repayments. Her husband was also on the pension and tried to help as best he could. [...]

Massive Debt from a failed business– also tagged bankrupt, bankruptcy, credit card, family home, interest free debt, personal loan

Steve built up over 130 000 dollars in debt from a personal loan and credit cards associated with a business that had since gone under. On his current income there was no way he could repay the debt, but if he went bankrupt he would lose the family home, be restricted in travelling overseas, be [...]

Credit Card Troubles– also tagged bankrupt, bankruptcy, car finance, car loan, court summons, credit card, debt, debt agreement, debt collectors, debt consolidation

Bianca had incurred 30 000 dollars in debt across 3 credit cards. She’d spent the money on an overseas trip, furniture for her home and some medical bills when her partner had been ill. Coupled with the $120 per week she paid on her car, Bianca was unable to meet the minimum repayments on her credit cards [...]