Just Budget is Educating Australians and Creditors on Financial Hardship

As household debt rises in Australia, Australian company Just Budget is using its proven debt management system to educate both Australian citizens and credit providers on the legal requirements of financial hardship. Just Budget’s unique debt management system has helped hundreds of Australians to get back in control of their lives.  

In May 2014 the ABC reported that household debt in Australia had reached a new high where Australians owed a total of $1.8 trillion to banks and other lenders. This huge debt has pushed thousands of Australians into financial hardship, a status which is legally protected by Australian law. Just Budget’s debt management system utilises legislation in the National Consumer Credit Protection Act (NCCP) to negotiate with creditor providers and to create individual repayment plans that their clients can actually afford. Through highlighting the legal requirements that surround financial hardship, Just Budget has been educating both the Australian public and credit providers of the significance of financial hardship.

“It’s incredible how many Australians don’t realise that the law can be on their side. It is also frightening how many lending institutions don’t currently have solid financial hardship policies,” company director John Dickinson stated. “These institutions often give people in severe debt a short moratorium and then expect them to repay all of their debts in full. Sadly this poor treatment often leads to bankruptcy. Just Budget works to communicate the client’s situation to these institutions and to negotiate a repayment plan that is beneficial to both sides of the debt.”

Just Budget’s proven debt management system has already helped hundreds of Australians to get back in control of their finance. Their system helps clients overcome debt through taking the time to understand their client’s situation, stopping intimidating letters and calls from creditors, creating a realistic repayment schedule that is based on the client’s budget, and managing the monthly payments to multiple creditors so that there is minimal risk of defaults. The company has also built strong relationships with credit providers, who now realise their legal obligations and see the many benefits of Just Budget’s service.

Through their proven debt management system, Just Budget’s mission is to continue to help Australians overcome their debts and regain control of their lives, while also educating credit providers on their legal responsibilities when it comes to financial hardship.

About Just Budget

Just Budget is a well respected and trusted company operating in the personal budgeting and debt mediation industry. Our team is highly experienced in helping people to establish personalised budgets that are based on their individual circumstances. Our goal is to remove the pressure of creditors from our clients and help them take control of their finances. Through our debt management system we can save people from severe debt-related stress and potential bankruptcy, and often save them thousands of dollars in the process.