Financial Hardship and Debt are not often talked about, but they’re critical issues facing many Australians.
According to the OECD, Australian household debt is at a level equivalent to 210% of the net disposable income of Australian households. This means that, on average, Australian households owe a total debt amount that is more than double the annual disposable income after taxes and other deductions.
In this episode of Property Insights, Mark Bouris sits down with Laurence Hugo, Director of Credit Mediation Services, to discuss financial hardship, and the role his company plays in helping businesses and consumers facing financial hardship.
Laurence explains how their specialised negotiators work to reduce outstanding debts to more manageable levels, whether it’s credit card debt or business loans. With over three decades of experience in banking and debt negotiation, Lawrence speaks about the emotional aspects of financial hardship and how it impacts people’s lives.
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Yellow Brick Road was founded by Mark Bouris to help Australians on the road to their hopes and dreams. We offer competitive rates, an all-encompassing portfolio of mortgage broking services and a network of trusted home loan experts all over Australia. For more information, visit http://www.ybr.com.au or call 1800 927 927.
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