"Hi I work for a Debt Agreement administrator. There are 3 ways to end a debt agreement, you pay it out in full, you can apply to have the agreement terminated (however interest backdates from the start of your agreement), or you can offer to make a…"
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My pay has dropped!
I'm a single mum, daughter 16. She gets youth allowance, so I've lost a lot of pay. If I work centrelink take half my money, and housing trust take quarter. I could study more or struggle to find work. What do you think I should do - thanks in advance.
Views: 7
Replies to This Discussion
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Permalink Reply by jacquesk on -
My gut reply.
Study more. If you are going to re-enter the labour pool then it is better to do it at a higher level.
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Permalink Reply by Di on -
i agree with you jacquesk. I'm studying but finding it very hard to cope with finances. I'll have to seek a bit of work to up my pay - so I can afford to live! Not easy. thanks for replying - you were the only one who did!
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Permalink Reply by Bandwidth on -
Hello Di
Maybe you could find employment that includes some training as part of the package, the employer could maybe get some tax credits and on paper your wages are less, less tax. The other avenue is an adult apprenticeship, I believe they are heavily sponsored by the Govt.
Using any of these you would gain experience as well as education
Latest Activity
Cliff Mearns replied to Cliff Mearns's discussion Bankruptcy -v Debt Agreement"Ben, let's not lose the loop. How financiers view bankruptcy is not relevant to the discussion of an individual's capacity to pay something. Bankruptcy is being utilised as a means of evading debt obligations. "
Bankruptcy ben replied to Cliff Mearns's discussion Bankruptcy -v Debt Agreement"I agree with the setiment however in reality there's nothing to encourage an individual to make a payment with a Debt Agreement! While technically it's different most financial companies regard it as the same as bankruptcy."
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