Support services say flood victims in southern Queensland's Lockyer Valley are defaulting on their mortgages months after being hit by a second round of disasters.
The Lockyer Valley has endured two floods in the past two years.
Recovery efforts have been underway for some time but Salvation Army financial counsellor George Nathan says many people are only just starting to ask for help.
"The flood caused a lot of unemployment," he said.
"It destroyed people's houses and their lives and as a result, bills started mounting up."
He says people indirectly affected by the floods are only now asking for help.
"Lockyer Valley was always low socio-economic. things were always hard for the residents of the Lockyer Valley and the flood came along and just made things worse," he said.
"In the last 29 months alone my service here in Gatton has had $1.1 million in debts waived by the banks which includes superannuation released under financial hardship and insurance settlements."
Laidley financial inclusion worker Sheree Finney says many have been trying to survive without help.
"They've been relying on their savings since the flood nine months ago and now that's really, it's come to an end," she said.
Financial support services say their funding is running out but demand for their help is going up.
© ABC 2013
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