Are your Credit Card Debts Causeing you Debt Problems?
If You Are Struggling With Debt Problems, A Debt Consolidation Plan Will Help You Overcome Them
• Debt Consolidation will put a stop to the constant pressure and harassment from creditors and debt collectors.
• Debt Consolidation will help you step out of the debt cycle and regain your peace of mind.
• Debt Consolidation will help you out of the debt cycle.
Call 1300 661 671 to find out if you are eligible for debt consolidation. You can also complete an assessment form online and we will contact you within 24 hours.
Credit Counsellors Australasia has helped thousands of families stay out of debt by utilising a debt consolidation plan.
We have the expertise and experience to provide you with the best service in . Your Counsellor is a tertiary qualified, experienced Insolvency Advisor. How does Debt Consolidation work?
Step 1: Contact one of our insolvency counsellors on 1300-661-671 (National).
Step 2: The counsellor will discuss you particular circumstance and consider your best options;
Step 3: Establishing a budget, taking into consideration household income and weekly expenses such as rent or mortgage, groceries, utilities, car payments and the cost of raising children is important to verify any offer that will be made to creditors.
Step 4: Together, we will agree what terms you will propose to your creditors in order to solve your debt problems by debt consolidation.
Step 5: A debt agreement proposal, once checked and signed by you, will be sent to a federal government agency called ITSA (Insolvency and Trustee Services ) who will validate that the terms of the offer are in the best interests of your creditors.
Step 6: ITSA will onforward the proposal offer to affected creditors and they will have 35 days in which to consider the application and vote upon its terms.
Step 7: Once the offer for debt consolidation is accepted by your creditors, a legally binding agreement, in federal law, will exist and both you and your creditors must abide strictly to its terms.
Debt Consolidation by means of a Part IX Debt Agreement has some disadvantages
· Your personal details will be annotated on the National Personal Insolvency Index, in perpetuity.
· Your credit file will be annotated for a period of 7 years making it difficult to obtain further credit.
· If you fail to meet the obligations created by the debt agreement you will not be permitted to make a further application for 10 years; and creditors will retain the right to terminate the agreement and their remedies will be revived.
· You will remain insolvent until the agreement obligations have been met.
Debt Consolidation by Debt Agreement
- Stop interest accruing on your existing debts.
- Stop legal actions and collection processes immediately.
- Pay a single regular and affordable repayment over a period of time;
- Just seven simple steps will change your life.
Call 1300 661 671 to find out if you are eligible for debt consolidation by debt agreement . You can also fill in an assessment form and we will contact you within 24 hours.
AVOID BANKRUPTCY BY DEBT CONSOLIDATION
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