Formal Debt Agreement


A way forward when your situation looks bleak

If your finances are in a mess, you’ve got defaults and are starting to get threatening letters from creditors, it could be time for a Formal Debt Agreement.

It’s no small matter, as it’s an ‘act of bankruptcy’, but it will stop things getting worse and give you an opportunity to start reducing your debt.

By setting up a Formal Debt Agreement with your creditors, we can negotiate a repayment amount that you can handle and also reduce the overall debt that you have to repay at the same time.

It’s a great alternative to bankruptcy.


3 simple steps to financial freedom

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    Step 1: Secure your free debt assessment

    Our debt advice experts take the time to understand your situation and deliver you practical solutions to your problems.

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    Step 2: Let Credit Counsellors do the hard work

    We negotiate with your creditors to reduce your debt and take care of all of the paperwork. We’ll also stop the phone calls,  legal action & protect your assets.

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    Step 3: Say hello to a debt free future!

    Our debt solutions will leave you with one affordable payment that takes care of all of your unsecured debts.

Here to help every step of the way.

We'll assess your circumstances and formulate a solution that gets you back on track. Contacting Credit Counsellors Australia is the start of your journey toward a better financial future.