Hints to help you break the debt cycle

Case study #6

Car repair

Dylan’s car broke down and he needed to repair it quickly. He went to a pay day lender and got a quick loan. He ended up paying back $1600 and fell behind in his car repayments, having to pay extra fees.

He later saw a financial counsellor who showed him there were other options that could have saved him a lot of money and stress. Dylan could have spoken to his debtors to organise a reduction in repayments, and he may have been eligible for a no interest loan or step up loan for the car repair which would have saved him money.


Don't get caught in the debt trap.

Contact YFS - Done With Debt:

Phone: (07) 3826 1500

Email: donewithdebt@yfs.org.au

Case study #1   #2   #3   #4   #5   #6



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