- Struggling financially and can’t seem to make ends meet?
- Do you have loans, credit cards and unpaid bills?
- Are debt collectors contacting you?
- Have you found it impossible to consolidate your debts because the banks say “No”?
- Are you longing for a debt-free, stress-free future?
If this describes your situation you may be eligible for a solution that will allow you to settle your debts affordably. A Debt Agreement is a formal agreement managed by regulated Debt Agreement Administrators; between you and your creditors which does not involve borrowing more money or paying more interest.
Debt Agreements
Simply, a Debt Agreement is for people who can’t get a loan, are struggling and want to avoid bankruptcy.
Imagine if you had one affordable repayment drawn every week or fortnight and that payment went straight towards settling your debts.
- No more calls from debt collectors
- No more high-interest charges
- And for the first time in a long time, you will have peace of mind knowing that as long as you maintain your payments you will be debt-free in the near future.
Remember, a credit card debt of $10,000 at 18.5% pa can take a borrower 62 years and 8 months to repay if you only make the minimum monthly payment.
On the other hand, a debt agreement will allow you to settle your debts, affordably and in a reasonable timeframe.
A Debt Agreement must be affordable and sustainable, so a thorough budget is necessary. A Debt Agreement is a great solution for those suitable applicants but it’s essential to acknowledge that (like any option) there are benefits and consequences and it’s not a “one size fits all” solution. It’s important to consider your circumstances, the appropriateness of it and have regard to your objectives, financial situation and needs.
With our help, we can guide you through the process and tailor-make a solution that will fit your needs.