TWO olive companies have proposed a rescue plan for Great Southern's olives projects, while the failed company's administrators have won an extension for a creditors meeting that could help unsecured creditors.

You can pay off your debt and redraw money with the Citibank Personal Credit personal loan. Learn more here.

Here's a new article on banks.com.au that points out ways to help save money.

Unsecured loans can be useful and fast to apply for, but they will usually have a higher interest rate than secured loans do.

While it is always good to have some savings in reserve, when repaying unsecured loans you are often better off paying down your debt rather than putting spare money away.