Reasons for Debt in Australia

Debt can happen to anyone at any time. It doesn’t discriminate and can negatively impact your mental health, causing unnecessary stress, anxiety and even depression. We speak to many Australians who have found themselves in an unhealthy financial situation by no fault of their own.

If you’re experiencing financial hardship, it’s important to seek help now to get on top of your financial stress as soon as possible.

At Debt Rescue, we help all Australians in need. Whether you’ve gone through a relationship breakup, lost your job or have an unexpected medical situation, we’re here to provide confidential, non-judgmental advice to get your finances back on track.

Unexpected Illness
Job Loss
Relationship Breakup

"A pleasure to deal with. Made what seemed a mountain become a mole hill and dealt with ease. Thank you Debt Rescue!"

Our Services

Our professional team understands each person’s circumstances are different, which is why we offer a range of creditor agreement options under the Debt Management Plan. This ensures the outcome achieved for you is suitable and sustainable. A summary of our Debt Management options:

Debt Agreement

A Part 9 Debt Agreement is a legal and binding agreement with your creditors. A Debt Agreement outlines a new payment arrangement which will reduce your debts, pause your interest, reduce your payment amounts and generally last between 3 to 5 years.

Debtstroyer Agreement

A Debtstroyer Agreement (Informal Agreement) aims to reduce repayments and pause or reduce interest on your debts. It is a private arrangement directly between you and your creditors to ensure your debts are manageable based on your budget.

Debt Settlement

If you have access to a lump sum which is not sufficient to repay your outstanding debts in full, a Debt Settlement may help. It is designed to waiver or reduce debt amounts to allow final settlement with your creditors.


An Agribusiness arrangement is a specific arrangement for those caught up in failed agribusiness loan schemes. It can take the form of a long-term payment arrangement or lump sum settlement, depending on your individual circumstances.


A Moratorium is a short term arrangement with creditors (secured or unsecured) which pauses or significantly reduces repayments and interest over a period of 3 to 12 months.

Loan Renegotiation

Loan Renegotiation is a renegotiation of current loan terms and conditions to reduce interest, increase the loan term with ultimate outcome being a reduction in the minimum loan repayments.