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Debt solutions

Whatever your situation, Credit Repair Australia has a range of debt solutions that can help you get out of debt and take back control.

The best solution depends on your situation. When you call us we can offer you a number of options to suit your individual situation. Our debt solutions include:

Formal debt solutions

  • Debt Agreement Our most popular debt solution, our Debt Agreement process allows you to make regular, affordable, payments to get out of debt (even if those payments add up to less than what you owe). Read more
  • Personal Insolvency Agreement Similar to a Debt Agreement, a Personal Insolvency Arrangement also allows you to make regular, affordable repayments, however is usually reserved for people who have over $100k worth of debt. Read more
  • Bankruptcy Sometimes seen as a last resort if any of the above options aren’t available, Bankruptcy may allow you to get out of debt without making any payments to your creditors. However you will have to hand over control of your financial affairs to a Trustee for a period of time. Read more

Informal debt solutions

  • Debt Consolidation A way of combining all of your loans into one, Debt Consolidation may reduce your regular repayment and your interest, making the payments easier to manage.  Read more
  • Debt Settlement A way to settle your debts for less than the full amount, our Debt Settlement option could allow you to wipe out your debts with one payment. Read more
  • Creditor Negotiation Lowering interest rates, reducing repayments or negotiating a payment plan where a creditor is demanding you pay in full are all possible outcomes with our Creditor Negotiation option. Read more
  • Moratorium Giving you a pause on payments for up to 12 months, a Moratorium gives you time to get back on your feet. Read more
  • Mortgage Refinance If you have equity in your property, a Mortgage Refinance may allow you to pay out your debts by borrowing against that property, making your repayments more manageable. Read more

If you need help deciding which option is right for you, we can offer you options after a free assessment of your financial situation. Give us a call on 13 FIXED or get in touch through our contact page.