DEBT PROBLEM

What to to do & where to get help

No debt problems are unsolvable. It might not be easy or quick, but there’s always a route. And the earlier you deal with ‘em, the easier they are to deal with. Debt isn’t just a finance issue. It feeds into all elements of your life. Debt Cutter can help you; from cutting interest costs, budgeting, or simply getting free one-on-one debt help.

DEBT CUTTER CAN HELP YOU GET OUT OF DEBT

Consolidate debt into one payment

Consolidate debt into one payment

Stop the harassing calls

Stop the harassing calls

Freeze Interest – saving you thousands

Freeze Interest – saving you thousands

Keep your assets

Keep your assets

Stop the harassing calls

Stop the harassing calls

FREE DEBT CONSULTATION

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HOW DEBT CUTTER CAN HELP YOU

DEBT AGREEMENT

A Part 9 Debt Agreement, or Debt Agreement as they are usually referred to, is a legally binding agreement under Part 9 of the Bankruptcy Act 1966 between you and the people you owe money to. Under a Part 9 Debt Agreement, your creditors agree to accept a sum of money you can afford to repay over an agreed period of time; this amount may be less then what you currently owe.

Benefits of a Debt Agreement include:

  • All interest is frozen on your current debts
  • All Debt Collectors must cease contacting you under law
  • All pending legal action in relation to your debts is automatically stopped
  • You have the ability to pay extra to finish your Debt Agreement sooner
  • Avoid bankruptcy, which means you can continue to:
  • Keep your house, car and other assets so long as you continue to make payments
  • Practice in most professions without restriction
  • Are not subject to strict travel restrictions
  • Are not obligated to report any increase in salary, increasing your repayments
    • At the end of the agreement all unsecured debts included in the agreement are paid in full
    • You only make one regular repayment towards all your unsecured debts

“A Debt Agreement is a saviour to many, but a serious step to take, it has qualifying criteria and consequences for your credit file that need to be carefully considered. This should be discussed with a qualified debt agreement administrator to ensure that it suits your personal circumstances. Many of our clients have expressed to us the relief they’ve experienced once their Debt Agreement is in place saying: “ an incredible weight has been lifted off my shoulders”

Request a free consultation today to learn more!

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