Qualifying Debts

Debts that can be managed into a Debt Agreement

Debts that can be paid off under a debt agreement must be unsecured, which basically means that if you fail to pay what you owe to your lender, they cannot repossess (or take from you) any asset for example, your house, car, furniture, household goods.

The total amount of your unsecured debt needs to be between $10,000 and $88,379.20 to enter into a debt agreement.

To enquire about your unsecured debts today, call us on 02 9798 1580 to speak with a debt consultant. Alternatively fill out an enquiry form.

The following are some common examples of unsecured debts:


  • Credit card debt
  • Store card debt
  • Personal loans
  • Professional accounts from accountants, lawyers etc
  • Medical bills
  • School fees
  • Utility and phone bills
  • Unpaid rent from previous tenancy
  • Merchants account debt
  • Trade debt including all suppliers
  • Shortfalls on repossessed goods and vehicles

Some debts that do not qualify for inclusion in a debt agreement are debts which are mortgaged or recognised as secured. That is, if you do not make your payments the lender can repossess the security e.g. your house. However, we can organise to include such debts in your budget to be paid at the same time as your debt agreement.

The following are some common examples of secured debts:


  • Mortgage debt
  • Vehicle repayment debt
  • Secured loans
  • Fines
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