Being in debt can be a difficult period for anyone. Constantly receiving harrassing phone calls and letters coupled with the feeling of helplessness you can feel when you do not know how or when you will be able to keep making repayments is stressful and depressing. If you have a mortgage and a family this […]
Are you thinking about entering into a Debt Agreement or Personal Insolvency Agreement, but worried if it will affect your credit rating? The short answer is yes. A Debt Agreement or Personal Insolvency Agreement is going to have an impact on your credit file. Entering into such an agreement is an event that will be […]
This is the most common question we are asked “What debts go into a debt agreement?” The answer is: “unsecured debts which are provable debts” . What this means in layman’s terms is all debts which are unsecured and are provable in bankruptcy must be included in any debt agreement proposal. We explain the difference […]
John is a key account Manager in sales and spends most of his time on the road and earns $52,000 per year. John recently broke up with his life partner which was unexpected. He and his partner obtained credit to purchase furniture and other household items, but when they broke up John was left with […]
Meryl is a single woman employed as a Packing Manager who was struggling with her personal loan, credit card and secured car loan for more than 12 months before contacting Debt Free for help. Meryl was earning $80,000 p.a. which she felt was enough to repay her debts . Meryl’s troubles began when the cost […]
Read how a Debt Free helped Paul with a Debt Agreement.. Paul is a single man employed as an Interior Decorator who was struggling with his personal loan and credit card for more than 12 months. Paul was earning just under $50,000 per annum. Paul’s troubles began when he lost his job due to a […]
Once you have made your final contribution towards your Debt Agreement you will become free from all obligations that were the subject of your Debt Agreement. In other words all debts that were disclosed in your Debt Agreement proposal will be finalised and settled in full. This means you will be able to live free […]
The 1st step in setting up a Debt Agreement – establish if you are eligible The first task an experienced Registered Debt Agreement Administrator will do is to discuss with you your debt levels, the type of debt you have (either secured or unsecured debt), your income and your assets. The reason for these initial […]
A Registered Debt Agreement Administrator is an individual or a company that is registered and regulated by the Insolvency Trustee Service Australia (AFSA) to assist individuals to set up and supervise debt agreements in Australia. Choosing a Registered Debt Agreement Administrator (RDAA) to set up a debt agreement in Australia is absolutely critical. AFSA has […]
