Cassie's Story


Cassie’s financial snapshot:

  • Had over $24,000 in debt
  • Our solution reduced her payable debt by an estimated $7,111
  • The solution provided saved her an estimated $20,547.70 in interest payments alone!
  • Paid off her debts 3.2 years sooner
  • Total saved = $27,658.70

“My husband and I decided to purchase a house, we did not realise I was pregnant until the day we moved in. Having to go down to a single income (due to our baby being born) with a mortgage and two personal loans we began to accumulate debt on credit cards just to get by, as our house was not worth what we paid we could not sell. We just kept accumulating more and more debt.

Then my husband became unemployed for a few weeks and the car needed repairs. Eventually we had built up debts of over $42000 and we had no money to spare so we were not making the repayments, and as a result we were being hassled every day to make our payments (I did go back to work when my son was 4 weeks old but it just wasn’t enough). We tried to obtain help in the form of payment extensions and hardship assistance for our mortgage.

I saw an AD on TV for Debt Cutters and I figured it was worth looking into it. We agreed it was the best option. However in comparison to our debts even with a debt agreement our income was not enough, the only way to be approved was to have my mother in law supplement our income with an additional $210 per week. But we did and after struggling for 4 years paying $214 per week we have retained our home and now have no other debts.

I am so grateful that as a young (unplanned) family we were not forced to lose our home. I was very happy with Debt Cutter’s customer service and the flexibility Debt Cutters offered me and my family. Depending on your circumstances I would suggest to someone who is deciding whether to use Debt Cutter or not that if you cannot pay the amounts that they owe Debt Cutters can make a debt free existence achievable.”

Cassie, Logan QLD

“The above example is general in nature, and quoted savings are only true in the above example and has been calculated to the best of Debt Cutter’s ability. The solution used in the above case may not suit your specific circumstances, and savings and debt reductions are not guaranteed, it is important you talk to a debt solution consultant before deciding on any solution.”

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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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An Informal Arrangement is an agreement between yourself and your creditors to change how your debts are to be repaid. In other words, we work with you to negotiate a new payment plan with your creditors. This will often reduce interest charged and will buy you more time to pay off your debts.

There is a number of flexible repayment options possible through an Informal Arrangement, including:

  • Extension of the loan term
  • A temporary stop on payments
  • Decrease the amount of debt you owe
  • Reduction in interest being charged
  • Settling your debts

Contact us today to see if this is the right solution for you!

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When your debts are piling up and you are having difficulty repaying your loans, mortgage refinancing may be the best solution for you.
Refinancing your home loan has the ability to free up extra equity within your home in order to pay off your debts. Depending on your personal situation it can also reduce the current interest rate you are paying, and can free your family from unsecured debt stress.

Refinancing your mortgage may be the right solution for you if you are:

  • Unable to meet loan repayments
  • Have equity in your home
  • Do not want to declare bankruptcy

Debt Cutter is a specialist in non-conforming home loans, and is able to assist people with bad credit, or mounting debts, access quality home loans enabling them to get out of debt, and back on the road to financial freedom.

Contact us today to see if this is the right solution for you!

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Need a solution to your debt problem? From just one phone call our experienced and understanding debt consultants will be able to provide you with a solution.


Call us on 1300 887 211

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We will work with you to find the best debt management solution for your specific circumstances.


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