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About this episode:
You’ve seen Afterpay popping up all over the place, and are starting to realise that it’s a lot easier to get a credit card than you thought. Maybe you’ve decided to pay off your consumer debt and cut up your credit card. In this episode, we break down the various debt and credit products you may be already using or looking at, chat about the true cost of a personal loan and some debt demolition methods.
Show notes:
Credit Card Example

Assumptions: the effect of fees and additional spending are excluded; 2% minimum repayment rate; the extra repayment rate is held constant. This result is an estimate only. Use the MoneySmart Calculator (CLICK HERE).
Comparison Sites
Financial Counselling Resources:
- MoneySmart: Financial Counselling
- Canstar: What does a financial counsellor do?
- Financial Counselling Australia
- National Debt Hotline
- Good Shepard Microfinance
- StudyAssist – Loan Repayment Information
- HECs ATO Voluntary Repayments
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