Strategies to deal with Financial Management

• 1. Seek professional advice (e.g from an accoutant or legal aid officer or financial advisor)
• 2. Talk to creditors (negotiate change in repayments and to postpone repossession + applying to defer from payments for a while)
• 3. Debt Consolidation (combine all loans and debts into one to make them easier to manage)
• 4. Apply for Bankruptcy (last resort option so they are only to be prevented from working in specific professions).
• 5. Seek Financial Counselling (contact the Financial Counsellors Association of NSW)