Debt reduction services can take many forms, either an informal agreement with your creditors or a formal agreement with your creditors.
Whether we recommend a formal agreement or an informal agreement will depend on the type of debt you have, the level of debt and your household income and expenses. Here at Get Debt Free we offer a free financial assessment which allows us to provide the best advice.
Formal agreements are more appropriate if you have been struggling with debt for some time and perhaps you have even tried an informal agreement which has failed. Furthermore, if you have been struggling with debt for more than a year then it is probable that you are insolvent and you should consider a formal agreement with your creditors. If you are insolvent and you have debt levels between $8,000 and $108,162.60 then you should consider a debt agreement. With a debt agreement you should consider appointing a debt agreement administrator to help you set up and supervise your debt agreement. Here at Get Debt Free we have a fully licensed and insured debt agreement administrator to help you.
If you have debts of more than $108,162.60 then you should consider a personal insolvency agreement. With a personal insolvency agreement you will need to select a registered trustee to help you set up and supervise your personal insolvency agreement. We have a registered trustee on site to help you with your personal insolvency agreement.
Why should you choose us for debt reduction services?
Firstly we are unlike many other debt agencies, in that we are:
So if you are in need of a professional debt reduction program then call Get Debt Free today on 1800 98 10 70.