There has been a significant increase in calls to debt assistance services by seniors this year, including those struggling with their mortgage repayments.
According to recent statistics from the National Debt Helpline, a free independent service launched in 2011 for Australians experiencing financial difficulty, the helpline received more than 120,000 calls from January to August this year, up from 115,000 calls during the same eight-month period in 2017 and the highest ever for this period historically.
A representative from the National Debt Helpline, operated by the Financial Rights Legal Centre, confirmed that the helpline has been particularly busy this year, with an increasing number of senior Australians reaching out for assistance…
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