INFORMAL DEBT AGREEMENT
Stop the creditors from chasing you
With an informal agreement, we’ll contact your creditors and work out a debt repayment amount that suits the both of you.
Interest, fees and charges can be frozen for a set period of time, making it a great way to take control of your finances before it’s too late.
With more serious debt agreements or bankruptcy, you’ll have trouble getting credit for 5 years or more because your credit file will be damaged.
Whilst it’s ‘informal’, it’s still drawn up by solicitors. This makes sure your creditors can’t go back on it once it’s signed.
HOW IT WORKS
3 simple steps to financial freedom
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.