In today's digital age, managing debt has become much easier thanks to technology. Gone are the days when people had to rely solely on pen, paper, and long calls to creditors to sort out their debts.
The paradoxical result is that the Reserve Bank retention of protracted higher interest rates to help reduce inflation may now be perpetuating a new inflationary cycle, primarily driven by increasing council rates, insurance, and business operating costs.
Got a debt problem? Are the odds against you? Great news! If you received a letter, phone call, text message or email from a debt collector it might be a blessing in disguise.
