Debt Relief in Tasmania is more achievable than you think with the help of Debt Rescue. When debt becomes a problem, Debt Rescue can help you turn your financial situation around and get back on track. Debt Rescue offers a number of solutions for debt relief in Tasmania. We can help you at any stage of debt, whether you have only just fallen behind or if you are facing bankruptcy. The debt relief in Tasmania on offer by Debt Rescue includes:
- Budgeting and Money Management
- Debt Refinancing
- Debt Consolidation
- Informal Debtstroyer Agreements
- Part 9 Debt Agreements
Debt Consolidation for debt relief in Tasmania
Debt Consolidation is one of the best ways to get your debt under control. Whether you are starting to fall behind or you just want to save money on your repayments, debt consolidation is a great option for debt relief in Tasmania. Debt Consolidation works to minimise your debt by cutting excessive interest and fees. This can be done through refinancing your loans, using a debt consolidation loan or consolidating your credit cards onto a low interest card. Each of these options will rearrange your debts so you are paying less interest and fees and therefore saving money in the long run. It will also consolidate debts into a structure that is easier to manage with fewer regular repayments.
Beat your debt wit a Debt Agreement
A Debt Agreement can help consolidate debts when they are getting out of control. A Debt Agreement is an effective and fast way to find debt relief in Tasmania. It is a contract between you and your creditors outlining a new payment arrangement for your debts. This new payment will reflect your current financial situation and will reduce you overall debt, so you are only paying a percentage of every dollar you owe. It will also freeze your interest and get the creditors off your back. There are a number two types of Debt Agreements available in Tasmania, a formal Part 9 Debt Agreement and an informal Debtstroyer Agreement.
Part 9 Debt Agreement
A Part 9 Debt Agreement was introduced as an alternative to bankruptcy. It allows you to honor your creditors and pay back as much as you can under a new repayment arrangement. It has less long term consequences than declaring bankruptcy, but it is still a part of the bankruptcy act so it will leave a mark on your credit file. A Debt Agreement is regulated by the government body AFSA and your name is listed on the National Personal Insolvency Index which can be accessed for a fee.
Informal Debtstroyer Agreement
An informal Debtstroyer Agreement acts in the same was as a Part 9 Debt Agreement, except it is negotiated privately with your creditors. Because it operates outside the regulation authority, it won’t be listed n your credit file and your name won’t appear on the NPII. This makes an informal Debtstroyer Agreement great for anyone in a profession where a bankruptcy would effect their ability to work. Because Debtstroyer Agreements are private contracts between you and your creditors, you usually need to be in genuine hardship in order to enter into the agreement. Financial hardship can be caused by illness or injury, a change in your life such as job loss or relationship breakdown.
Both options are effective in reducing your debts for debt relief in Tasmania.
Bankruptcy can also be an option for debt relief in Tasmania
Bankruptcy is the last resort for debt relief in Tasmania. It can have a very large impact on your life and involves many restrictions and obligations which are outlined in our blog post – Restrictions During Bankruptcy. But for people struggling with bad debt, Bankruptcy can also provide a solid foundation from which to rebuild their finances. Bankruptcy is for people who have exhausted every other option, but still have no way to repay the debts they owe. Debt Rescue can help make bankruptcy as smooth as possible for an effective form of debt relief in Tasmania. We will also do our best to provide you with a wealth of information so you can make an informed and educated decision.
Debt Rescue is Tasmania’s number one Debt Relief Provider
Whether it’s for budgeting advice, debt consolidation, debt agreements or bankruptcy, Debt Rescue can help you get out of debt. The range of services for debt relief in Tasmania can help you at any stage of debt. Start on your way to debt relief today by calling Debt Rescue on 1800 00 3328. Our experienced case managers are experts in their field and will get to know your situation before recommending a tailor made debt relief solution for you. There is no one-size-fits-all solution for debt so speak to a professional about your situation today.