Johnny wrote to me through the GetOutOfDebt.org site and asked the following question. If you have a credit or debt question you’d like to ask just use the online form. I’m happy to help you totally for free.
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“Dear Steve,
I came to aussie in december last year and i got on a mobile phone contract i lost my job and i cannot pay it anymore. My phone got cut and they are threatening to report me to dun and bradstreet.
I got a new job but i get very little and they are asking for a lot
Johnny”
The Answer:
Dear Johnny,
Mobile phone contracts I’ve seen in Australia can require people to pay the total monthly charge through the end of the agreement, instead of just a termination charge to end the contract early.
So what if the do report you as being late, you are. Just make a monthly payment promise you can afford month after month until this debt is repaid. If you promise a payment that is higher than you can afford and then fail to make the payment it will only create more problems and grief.
