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Debt Survey

Debt Survey

The purpose of this survey is gain insight into the personal debt of Australians over 18 years of age. Ensuring our debt relief solutions align with today’s needs.

Fill in our survey to let us know more about patterns of financial solutions to debtWe want to make sure that the debt solutions proposed at Debt Mediators fit a real need today in Australia. Please help us improve our services.

The survey takes less than 5 minutes to complete, and responses are private and confidential

Australia has the world’s highest household debt per Gross Domestic Product ratio, preceding the United States.

The country holds about 2 trillion dollars in unconsolidated household debt and 1.6 trillion dollars of debt in GDP. Over the past 30 years, household debt per inhabitant has dramatically increased and puts our country at risk.

In Australia, private debt refers in majority to mortgages and credit card debts.

Public policies over the past 20 years have enticed citizens to take on loans rather than save their incomes. In addition, general inflation and increase of housing prices caused many Australians to be tens of thousands of dollars in debt.

What We’ve Found

The completion of this survey helps us understand our customers’ situation and paint a clearer image of in-debt Australians nowadays:

  • Are younger people borrowing more?

Data from the Australian Bureau of Statistics indicates an increase in loans held by young people to afford their first home over the last 10 years, despite little salary growth over that same period of time. The value of their credits now reach 330,700 dollars, approximately  50% more than in 2006.

Fill out our survey to help us determine the age and level of debt of our customers.

 

  • Do people owe more than what they earn?

 

The 2015 Wesley Mission Report shows that 44 percent of households in New South Wales experienced financial stress and that 38 percent spent more per month than they earn.

We want to know how many of our customers’ expenses exceed their incomes.

 

  • Do mortgages still constitute the majority of personal debts in Australia?

 

According to a 2015 study by the National Centre for Social and Economic Modelling (NATSEM), 56,3 percent of personal debts in Australia are mortgage debts. Yet other studies suggest that student loans and credit card debts are becoming the primary sources of debt in Australia.

Help us determine the main cause of debt in Australia by answering the questions below.

 

  • Which option do most people choose to relieve their debts?

 

Many Australians struggling with unmanageable debt opt for bankruptcy.  There are many forms of debt relief available of which many are not aware. Be sure you investigate all the options and weigh up the pros and cons of each solution.

Struggling with more than $8,000 of unsecured debt? You could be eligible for debt relief! Discover how to stop debt collector calls, freeze interest and fees, reduce payments and only pay back what you can afford. Start now with a free savings estimate.

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