Australian Mercantile Collections

Debt helpline calls surge amidst rising cost of living pressures

Debt helpline calls surge amidst rising cost of living pressures

With cost of living  rising in Australia, there has been a increase of calls to the debt helplines.

The National Debt Hotline and the Small Business Debt Hotline experienced a 17 per cent increase in calls in February 2024 compared to 2023.

Financial Counselling Australia Co-CEO Peter Gartlan told Jamie Burnett on Perth Live, “In WA itself, there was quite an increase in calls. In WA and across the board nationally, Australians are doing it tough and need to ring up and…

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