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Based on making the minimum repayment amount at 18% interest rate.
Minimum repayments are calculated as a percentage of the closing balance, typically 2 or 2.5%, or a set dollar amount, usually around $20, whichever is greater. Your repayment will never be more than your closing balance. Source: MoneySmart.gov.au Credit Card Calculator
Take immediate action and tackle your debts today.
Since its establishment, Australian Debt Reduction has assisted more than 100,000 Australians reduce their debts and get back in control with proven debt solutions.
Our solutions are tailored to your needs with the goal of relieving you from the stress and worry of debt and getting your life back on track.
Call anytime. It's free, there's no obligation and it only takes 10 minutes.
Fill a free consultation enquiry form or call us
Our consultant will assess your current financial situation to find the best option to reduce and eliminate your debt
Once approved, you're on your way to be debt free.
If you are struggling and have debts over $7,000 and want to discover if debt consolidation can improve your financial situation call Australian Debt Reduction today to start reducing your debts. Contacting us is easy, call Australian Debt Reduction on 1300 261 922 - 24 hours a day, 7 days a week.
Australian residents only