Although the recession has “technically” been avoided, this news will not help those Australians who are still struggling with debt.

Many people still find themselves in jobs which are “at risk” or have been laid off already which means that the stimulus package monies have probably already been spent in the wake of rising household costs, petrol costs and credit commitments.

When it comes down to feeding the family or paying a credit card debt or loan, it is obvious some Australian families are having to make hard choices.  These decisions leave them feeling they have no option left but to file for Bankruptcy, not knowing that there are alternatives to bankruptcy, such as a Debt Agreement orLoan Consolidation.

“Life shouldn’t be a struggle.” says Natalie Levett, Associate Director at Australian Financial Solutions. “There are alternatives out there and people need to be aware that bankruptcy can be avoided as long as you get help sooner rather than later.”

If you’ve recently become one of the many Australians struggling with debt, its important to know what your options are.  If your struggling with credit card debt, the best solution for you may be debt consolidation or loan refinancing.  This brings all your debt repayments under one regular payment, making it much easier for you to manage.  You may even find that you can lower your interest rate or monthly payments.