What we will do for you!

Consolidate your unsecured debts - up to a maximum of $94,531/individual. Reduce all your current repayments into just the one simple repayment. Eliminate your current unsecured debts in 2-5 years. Stop debt collectors and creditors from hounding you for payments. Relieve the pressure and stress that comes from constantly worrying about debt problems. Who we are We are an Australia-wide company whose aim is to assist clients with a legitimate hardship, who are in over their heads with unsecured debt and have no workable way out. Once out of debt you can then learn how to maintain a debt free lifestyle so the same thing does not happen again.

Types of Debt We Can Help With

We work with unsecured debts that have no type of asset attached to them, like a house, a car, a motorbike, a boat, etc. Debts we can help with include:

Credit Cards Store Cards GST Tax Debts Repossessed Car Loans Overdrawn Bank Accounts Old Mobile Phone Accounts School Fees Old Internet and Cable TV Accounts Business Debts Rent From Previous Addresses Old Medical and Hospital Accounts Old Car Repairs Bills

Personal Loans Income Tax Debts Dental Bills Old Debts now with Collection Agencies Old Electricity/Gas Accounts (from previous addresses) Old Telephone Accounts Childcare Fees Solicitor Fees Judgements Insurance Claims Old Car Mechanic Bills To Name But a Few

Types Of Debt We Cannot Help With

We cannot work with loans that have assets attached to them; i.e. if you stopped repaying the loan, the asset would be repossessed. The other type of debt we cannot help with are loans that are backed by the government, such as HECS. Some specific examples of debt we cannot help with include:

Home Loans/Mortgages Child Support HECS Debt Current Mobile Accounts Court imposed Fines

Car Loans secured by the vehicle Current Utility Bills Current Telephone Accounts Any loan secured by a house or car

How We Can Help

We get you out of debt by helping you enter a highly effective debt relief arrangement known as a Debt Agreement. Debt Agreements were developed by the Commonwealth Government specifically to help people struggling with debt and include a range of key benefits to help you get back in control of your finances:

• All of your unsecured debts are rolled into one regular repayment
• All of the interest is frozen, late fees are stopped and the debt is reduced to a more manageable total amount.
• Your creditors and debt collectors are no longer allowed to contact you or chase you for payment.
• All legal action against you in relation to the debt must stop.

Under the legislation, once your Debt Agreement has been accepted by Creditors:

• Your creditors must cease charging you interest and fees.
• Any legal action in relation to the debts MUST STOP.
• Any creditors who are contacting you must stop.
• After you have completed your Debt Agreement you are released from your debts, even if you have not repaid the full amount.

Once you've repaid the reduced amount, the debt is considered cleared. This will usually take between 2 - 4 years.

Make Sure You Are Eligible

Whilst a Debt Agreement is an excellent way to get out of debt, there are some criteria you have to meet in order to be eligible. If you fall within these guidelines, in most cases we can help you with a Debt Agreement.:

1. You must be struggling to pay your unsecured debts.
2. You cannot have been bankrupt in the last 10 years.
3. Your net weekly pay (after tax) cannot be more than approximately $1,359.69.*
4. Your unsecured debts cannot be more than approximately $94,531.*
5. You cannot have equity in a home of more than approximately $94,531. For mortgages in joint names; this will mean equity of $189,062.*

   (* These limits change from time to time according to updated legislation. Current 20/Sept/2011.)

If you fall outside of the above criteria there are other insolvency arrangements our consultants can assist you with include Part 10 Insolvency Agreements and bankruptcy, so please do give us a call to clarify what will work best for you.

How A Debt Agreement Will Affect You

• Once you enter a Debt Agreement, some conditions apply. These are primarily designed to stop you getting into further financial hardship, especially whilst you’re re-paying your existing debt.
• Your name and other details will appear on the National Personal Insolvency Index (NPII), a public record (although an individual has to pay to pay to view it) for the proposal and any Debt Agreement.
• Your ability to obtain further credit is affected for a period of time as your details will appear on a credit reporting organisation’s records for up to seven years. During that time a lender will be able to see you entered a Debt Agreement when you apply for credit. Once you’ve repaid your debt however (usually within 2-4 years) you’re likely to be able to borrow again form 2nd tier lenders. You can then re-finance those debts with a major bank once the notation is removed from your credit file.
• You will need to disclose that you are a party to a Debt Agreement if incurring debt or obtaining goods and services on credit in excess of the thresholds at the time ($3,400 as of 28/April/2011).
• If trading under a business name or assumed name (whether alone or in partnership) the Debt Agreement must be disclosed to all people dealing with the business
• A Debt Agreement is part of the bankruptcy legislation, although it is not the same as going bankrupt. However, if your Debt Agreement is not accepted by a majority vote of your creditors, a creditor can use this to apply to court to make you bankrupt.

How We Can Help You Today

Many people find a Debt Agreement a great way to break free of debt. It helps you clear your unsecured debts with less worry and more quickly, giving you a single regular payment that you can afford.

As one of Australia's largest and most established Debt Agreement administrators we can help you enter a Debt Agreement (provided you are eligible and a majority of your creditors agree to your repayment offer). It's important to note that most major lenders in Australia do accept Debt Agreements, especially if the return in the proposal offers them more than they would receive under a bankruptcy. We can an estimate of this figure for you on your very first call to us.

With an experienced support team in place, we can also deal with your lenders on your behalf whilst your Debt Agreement is being established to help relieve your stress and worry. During the application process we will also secure a Debt Agreement number for you from the Federal Government regulator, ITSA. This will prevent your creditors from contacting you whilst your Debt Agreement is being assessed, giving you added peace of mind during the coming weeks and months.

We've helped thousands of Australians in financial difficulty, just like you - so call us today for an obligation free consultation to see how we can help you.

Stop Drowning In Debt! - Do Something About It Today.

Call today for a FREE PHONE CONSULTATION on 1300 853 654 or CLICK HERE to complete our enquiry form.

Our FREE CONSULTATION is intended to help you make the right choice in handling your debt problems, regardless of what direction you decide to go. The call is completely confidential, non-pushy and we assure you that we will give you the right advice for your situation. There is usually a correct and workable solution for just about everyone.