Hints to help you break the debt cycle
Case study #1
Jamila needed a fridge and decided to rent one for $25 per week. At the end of the 2 year lease Jamila didn’t own the fridge and it was taken back by the company. Jamila saw a financial counsellor who showed her there were hidden fees and interest that had taken the total cost up to $1729 to rent the fridge and that Jamila could have gotten a NILS loan and the fridge could have been paid off at $30 per fortnight through her Centrepay in less than year and she would have owned it outright. The total cost would have only been $689.
Don't get caught in the debt trap.
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Phone: (07) 3826 1500
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