Canberra Centre stores open after COVID-19 lockdown. Photo: Thomas Lucraft.
After enduring eight interest rate hikes since May, and with analysts predicting more to come, the financial pressure on individuals and business owners is set to continue.
Personal budgets and business cashflows have already taken a hit due to increasing loan repayments, especially frustrating given the additional amounts do nothing to reduce the principal of the loan.
RSM Australia Business Advisory principal Thiru Kandiah recently urged business owners to consider raising their prices to ensure they survive in the current economic climate. Beyond this, there are other avenues to reduce the growing financial burden.
At a time when borrowing has become more d…
Read the full article at: https://the-riotact.com/debt-consolidation-could-save-thousands/617902