A recent survey revealed 41% of Australians have credit card debt and of those nearly 4 million cannot afford to repay it!
In addition: • The average Australian household has a debt of around 185% of their annual disposable income1 . • Australian households have the fifth highest debt levels in the world with household debt increasing fourfold since 19882 . • Average debt levels are $12,643 for personal loans, $3,114 for credit card balances and $16,320 for car loans.
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