Otherwise known as informal arrangements, a creditor negotiation is an arrangement with the company’s secured and/or non secured creditors.

Credit Repair Australia can assist in negotiating a suitable arrangement for the company’s creditors, these arrangements could include:

• Moratoriums (where your creditors agree to pause the company’s payments for a period of time).
• Re-negotiating the terms of current contracts or arrangements with creditors.
• Reducing interest rates.
• Repairing the company’s credit file in order to obtain further finance.

Other types of negotiations with creditors could include formal arrangements (link to Voulantary Administration page).

To find out more about creditor negotiations click here.