Benefits of Debt Agreements

Benefits of Using a Registered Debt Agreement Administrator

We are a registered debt Agreement administrator. AFSA Regulation is responsible for regulating insolvency practitioners including debt agreement administrators in order to ensure high national standards of personal insolvency practice and procedure.

Debt agreements have a positive effect on more than your cash flow; many people who have been helped out of debt by say that the relief of stress and harassment from creditors was just as helpful as the debt relief itself. As registered administrator, we help Australians accomplish debt relief every day.

Benefits of Using a Debt Agreement for Repayment Management

In the event your Creditors elect to accept your debt agreement proposal:

  1. You only pay an agreed fixed amount that you can afford towards your debt per the terms of the proposal
  2. Any interest and charges on your debt will be frozen
  3. In the event your Creditors elect to accept your proposal your creditors will be prevented from taking any fresh legal steps to recover their debt
  4. Most unsecured creditors are bound by the debt agreement and are paid in proportion to their debts. You will be released from most unsecured debts only when you complete all your obligations and payments
  5. A substantial portion of your debt may be written off, in the event your Creditors elect to accept your proposal and per the terms of the proposal
  6. You will have protection from your creditors and debt collectors

Debt Agreements & AFSA (Australian Financial Security Authority)

Debt agreements are an Australian Statutory Instrument specifically for those debtors who seek an option to deal with unmanageable debts as an alternative to bankruptcy. We are a registered administrator with Australian Financial Security Authority (AFSA), the government agency responsible for the regulation of the debt agreement scheme and its practitioners. The initiative was introduced to provide debtors greater choices in dealing with their unmanageable debt.

Free Debt Analysis – Is a Debt Agreement Suitable for You?

Our Debt Solution Consultants will offer you a free, confidential analysis of your debts and discuss your options with you. We will understand your situation and assess if you are eligible.

We’ll Negotiate a Lower, Affordable Payment

If you are eligible, we will negotiate a lower, affordable payment based upon what you can realistically afford. We will mediate with your creditors, organise all the paperwork and once the debt agreement is approved, take care of the ongoing administration for the duration of your debt agreement.


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