Debt Negotiators provide Debt Agreement Australia-wide
A Debt Agreement can assist with many financially challenging situations – struggling to meet monthly repayments; unable to consolidate due to a poor credit record or a situation where you are simply unable to repay your debts.
Part 9 Debt Agreement are a government legislated option for negotiating an easy and affordable payment arrangement with creditors when debt consolidation isn’t possible. A Part 9 Debt Agreement is a legally binding agreement between you and your creditors.
Debt Negotiators, as Australia’s debt management experts, can help you to secure a Part 9 Debt Agreement.
Debt Agreements are an alternative to debt consolidation and Bankruptcy
A Debt Agreement is a legislated government option for dealing with unmanageable debts and is the alternative to Bankruptcy. A Part 9 Debt Agreement is a formal agreement between you and your creditors facilitated by Debt Negotiators, where interest on the debts are frozen. All Debt Agreements are based on affordability with payments structured with your personal budget in mind, creating a repayment structure that is more suited to your situation. A debt consolidation loan differs in that you are essentially transferring debt from one institution to another in the form of a loan.
A Debt Agreement can be:
- Weekly, fortnightly or monthly repayments
- Deferral of payments for an agreed period
- The sale of an asset to replace the money owing
- A single lump sum divided among creditors
Debt Agreements for Australians – how will they help my situation?
There are several benefits arising out of a Part 9 Debt Agreement. Such benefits include an end to recoveries and legal action from creditors; freezing of interest on outstanding balances; avoiding Bankruptcy and the likelihood of future freedom from bad credit.
Debt Agreements, in contrast to debt consolidation loans, mean you pay back what you can afford rather than borrowing from a lender, combining all debt into single, manageable repayments.
A Debt Agreement is not guaranteed to be accepted as it is made at the discretion of your creditors who can refuse to accept a Debt Agreement.
For further information on Debt Agreements as an alternative to Bankruptcy and debt consolidation loans, or to organise a confidential meeting with one of our friendly consultants, call 1300 351 800 today and speak to the Debt Negotiators about debt management solutions.