Take a step back from your finances and breathe with a Moratorium from your debts.

A moratorium could put your debt repayments on hold for up to 12 months, which may give you time to get your finances back on track.

How Does a Moratorium Work?

If you’re experiencing financial hardship and struggling with unmanageable debt, you may be eligible for a moratorium. A moratorium is when your creditor allows you to stop making repayments for a specific period of time and a specific reason. Your creditor will give you time (usually between 3 to 12 months) to get back on your feet rather than have you default on the debt and sell it to a debt collection agency.

At Debt Rescue, we negotiate on your behalf with creditors to arrange a moratorium. We can request a moratorium for both secured debts such as your home loan and unsecured debts such as credit cards and personal loans. Our qualified team will make sure your interest and fees are also paused during the moratorium period, so you have the chance to get back on your feet.

What are the Benefits of a Moratorium?

A moratorium provides relief from your debts for a short period of time while you take a step back and let the experts work with you to find the best solution for your financial situation. Once you enter a moratorium, you’ll be able to:

Stop Paying Your Debts

You won’t have to pay your debts during the moratorium period. This gives you the space you need to figure things out.

Provides Time to Explore Your Options

We will work with you to find the best solution moving forward. You will have enough time to explore all options available.

Find the Right Solution

We will assess your financial situation and provide a recommendation on which solution will suit your individual circumstances the best.

Breathe Easy

Once we’ve put a plan in place, you can breathe easy knowing you’ll be back to living a debt-free life sooner rather than later.

For a non-binding chat with one of our Case Managers, call us on 1800 00 3328 today.

Your Options During the Moratorium Period

Our team at Debt Rescue will create a DMP tailored to your individual financial circumstances to make sure you have the best option moving forward. At the end of the moratorium, you should be back in control of your finances and on track towards financial stability. This could be accomplished in multiple ways.

Find a Part-Time Job

To help with an extra income stream, you could apply for a part-time job. Industries such as retail, customer service and fast food are generally popular for those looking for part-time work. If you have any hobbies, such as painting or drawing, you could look into selling your art and putting the proceeds towards paying down your debts.

Apply for a Debt Consolidation Loan

During your engagement with us at Debt Rescue, we will assess if a debt consolidation loan can help you improve your financial situation. A debt consolidation loan gives you the opportunity to consolidate all of your unsecured debts into a single loan with a single interest rate and fees.

Consider an Informal Debtstroyer Agreement

At Debt Rescue, we call our Informal Agreement a Debtstroyer Agreement. This agreement is a proactive solution set up between you and your creditors which allows you to repay your debts on an approved schedule based on your budget. A Debtstroyer Agreement doesn’t have a lasting impact on your credit file.

Consider Entering a Debt Agreement

A Part 9 Debt Agreement is a legal and binding agreement between you and your creditors. It outlines a new, affordable payment arrangement between you and your creditors. A Debt Agreement allows you to only repay a percentage of each dollar you owe, while giving you the opportunity to get on with your life and avoid bankruptcy.

Mortgage Refinancing

When struggling with finances, many Australians lower their spending on everyday needs like groceries and electricity and don’t even think about how refinancing their mortgage may help.

You can refinance your mortgage to consolidate your debts by streamlining each debt (such as credit cards and personal loans) into your mortgage. This gives you one, easy-to-manage repayment and allows you to only pay one interest rate and one set of fees, instead of several.

There is also the ability to refinance your mortgage to access the equity in your home in order to pay off your debts. For instance, if you have $50,000 in equity and your mortgage is currently at $300,000, you may be able to refinance your mortgage to $350,000 and withdraw the $50,000 to pay down your debts.

How Moratoriums Happen

Until you’ve been through a moratorium period, it can be a little difficult to understand the procedure. Thankfully, it’s relatively simple. Here’s how it works.

Get in Touch

Get in touch with us at Debt Rescue and we’ll assess your financial situation and get started with your tailored Debt Management Plan.

Negotiate with Creditors

We do all the heavy lifting and negotiate with creditors on your behalf. Once your creditors have agreed to a moratorium, we’ll help you through the paperwork.


Once your application for a moratorium has been approved, you will stop repaying your debts for the agreed period of time.

Still looking to get your head around how a moratorium works? Get in touch with us today and we'll talk you through the process and what's involved.

Need help with a moratorium?

At Debt Rescue, we’re here to help you take control of your debt. We only recommend trusted lenders who can assist in your particular circumstances. Helping you achieve a debt- and stress-free life is our number one priority.

For a free chat about your financial situation, chat to one of our Case Managers today.