WITH a whopping $32billion in credit card debt currently haunting Australians, it’s no wonder money is the leading cause of stress.
Australian Securities and Investments Commission data reveals the average debt per card holder is about $4,300 and with many consumers possessing more than one credit card, the numbers get even scarier.
But it’s not all bad news. Savvy CEO Bill Tsouvalas said there were ways to take control of your debt, one being exploring whether a personal loan may be the best approach.
“It is best to look at personal loans when a consumer has potentially two or three maxed-out credit cards and they’re struggling to keep up with repayments or can only make the minimum repayments and there’s no way …
Read the full article at: https://www.news-mail.com.au/news/why-personal-loan-could-be-your-saving-grace/3202359/