Are you receiving emails, letters and phone calls from creditors and debt collectors demanding money you just don’t have? Have you received a summons to court to discuss your debts? Do you have defaults on your credit file?
When debt gets out of control, it can seem like your whole world is crashing down around you. You don’t have to feel that way. You can take control of your life again, repay your debts and stop those harassing calls – all with a Part IX Debt Agreement.
Part IX Debt Agreements outline a new affordable payment arrangement between you and your creditors. Your Debt Rescue Case Manager will go through your budget with you and determine how much you can contribute to your debts after rent or mortgage, petrol and groceries, etc. Once we know how much you can afford to put towards your debt, we approach your creditors and begin negotiations. Often, you will only need to repay a fraction of each dollar you owe drastically reducing your debt repayments.
Debt Agreements were introduced as a way for people who were struggling with their debt repayments to avoid declaring bankruptcy. They allow you to negotiate your repayments with your creditors to a more affordable amount. Creditors are often satisfied because they are able to recover a fraction of the debt owed to them and debtors are happy because they can make affordable repayments towards their debts while avoiding the harsh restrictions of bankruptcy.
You don’t have to worry about your creditors turning around and demanding extra payments. Part IX Debt Agreements are a legally binding contract legislated by the Australian Government. The Australian Financial Security Authority (AFSA) is the governing body in charge of Debt Agreements, Bankruptcies and Personal Insolvencies. They enforce criteria is being met for each of the debt relief solutions and ensure the companies offering these solutions aren’t taking advantage of people struggling with their debt.
“Phoning Debt Rescue was the best thing we did, everyone is so helpful, guiding people through every stage. Debt Rescue cares for the people who seek their help as they put it to us ‘you will be able to live a decent standard of life again without the hounding of creditors’ and they were correct!”
About Debt Rescue
Debt Rescue has helped tens of thousands of Aussies overcome severe financial hardship since 2005. We are an Australian owned and operated company and pride ourselves on providing a caring and customer focused solution to debt relief.
Our Case Managers have decades of financial experience. We can tailor debt relief strategies for anyone struggling with debt and help them get back on track.
Why We Care
Not enough is being done to tackle the issue of personal debt at its core. It is one thing to provide a range of services to help people pay off their debt, it is another to ensure people are educated and armed with the skills required to live a debt-free life.
Debt Rescue has teamed up with the SunnyKids Charity to do just that! We help families tackle their debt issues head on so they can focus on providing a safe and nurturing environment for their children to grow.