There are no miracles

There is no perfect Solution!

Being deep in debt with no end is also far from perfect.

If you are sick of your debt dragging you down, debt collectors and the worry, consider the following options.

They are legislated options, not perfect, but highly powerful for those who see the benefit of not having debt rule their life. Yes, we know that your credit score is affected, but it will come good again and you will have no debt and able to rebuild your life.

Debt Agreement

  • Qualifying unsecured debts are combined into one affordable payment.
  • All interest is frozen.
  • The payment is not related to how much you owe. Being affordable is the key.
  • Remaining balances are extinguished after 3 years. Very powerful solution.

Informal Arrangement

  • Debts aren’t combined but concessions like paying no interest or paying less than owed are sought.
  • Individual creditors may reject offers.
  • Offers will not be accepted if you are up to date with payments.

Bankruptcy

  • There are cases where no matter how badly you want to pay and do what you think is the right thing that bankruptcy will be the answer.
  • Most bankruptcies mean all debt is wiped and no payments are made.

Support

Get qualified advice

Have a qualified practitioner assess your situation. If you are struggling with payments you owe it to yourself to find out what is available to you. Fee free advice.

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