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Many people will tell you that once you’re in financial trouble, it’s almost impossible to get out of it. But that’s not completely true. Even though you might have debts you can’t pay and no immediate way of fixing the situation, there are still options you can take to get back on track.
At Credit Counsellors Australia, we specialise in helping people get out of debt.
Here’s the 5 main ways we can help:
An Informal Debt Agreement is where we'll help you negotiate an agreed amount to repay your creditors without the formal process of lodging a Part 9 Debt Agreement with the Australian Financial Security Authority (AFSA). This is always a first step before looking at more serious options below.
A Formal Debt Agreement under Part 9 of the Bankruptcy Act is where your creditors agree to a percentage of the total money owed that they'd be happy to receive as a compromise to settle the debt. This usually means your payments will be reduced, making it easier to pay.
“I don’t think I could have organised my finances without you guys. Thank you for your genuine concern and professional service”
R.W.
“Thank you for your call and for your assistance with my credit card debts. I have been very stressed and depressed about my financial situation and I feel so much better, after speaking to you yesterday afternoon. I wish that I had contacted your company earlier, when I started struggling to pay my bills.”
Monika S.
“One payment to go! Please know that you have helped us out greatly. Without all your help and support we not be where we are today”
L.J.L. QLD, Australia
Without your support I would not have been able to continue meeting my living expenses and repayment obligations. Your support and counselling have been invaluable to me and have help me understand how better to handle my finances. The help and support you provide is a wonderful asset to people in my position.
J.H
“Just wanting to thank you for outstanding service. Your help in our time of need is now allowing us to dig ourselves out of a deep depressing hole.”
K.H & S.W