In Australia, it is necessary to pay for your credit card bills on time to establish a good credit score.  So it is important to avoid big debts on your credit card and also to save money wasted on paying interests. The foremost thing is to get rid of the habit of paying only the minimum required of the total debt, each month. This offers the banks the opportunity to get more interest rates by prolonging the period of repayment. The best deal is to repay as soon as possible.

One must go for the credit card which offers the cheapest interest rate. If the credit limit of such a credit card is open, it is advisable to transfer the credits from a higher interest rate card to the cheaper card, to avoid accumulating on the debt. One other option to pay off credit card debts is to withdraw from savings account in banks, which have much lesser interest rates when compared to credit card interest rates, and pay off the debt with that money.
Getting a loan from the relatives or from life insurance schemes which again offers much lesser interest rates is a wise option to pay off credit card debts. Trying to get money from 401k plans especially for senior Australians is another effective way to keep debts down.

Apprising the credit lenders about your situation and your inability to repay the debt on time, which at some rare cases, might result in the organization offering a more flexible repayment option. If all else fails to give you a hand out of the situation, filing a bankruptcy could be the savior of the day. It should be noted that the process of filing a bankruptcy have become much more troublesome in the recent years. But the relief schemes it provides could bail you out of immediate trouble and give you space to breath and time to find your feet. The bottom line is to know your limits and never blow up the debt to more than what you can repay.