A Debt Agreement is a personal debt solution available to financially distressed Australians. It allows you to enter into an arrangement with your creditors to negotiate a repayment plan to settle your unsecured debts (typically for less than what you owe).
But despite the advantages a Debt Agreement can give you, such as freezing the interest on your debts and protecting your assets, many Australians remain in denial about their financial options and refuse to seek assistance, instead driving themselves further and further into debt.
Some of the most common signs which suggest that a Debt Agreement may be what you need to rectify your financial situation include:
Frequently paying bills late
Excessive credit card use for everyday purchases
Inadequate cash flow
Consideration of a second job
Having water or power supplies cut off
Seeking financial assistance from friends and family
Only making the minimum payment required on credit cards
Receiving several calls from creditors demanding payment
If you or someone you know is experiencing any of the above, a Debt Agreement may be the most beneficial course of action. Late responses to rising debts may lead to uncontrollable debt levels, which only bankruptcy can resolve.
To be eligible for a Debt Agreement you simply need for your unsecured debts to be less than $108,162 and your net income to be less than $81,121.95.
So if you fit the brief and want to learn more about the advantages and disadvantages of a Debt Agreement, give the Debt Agreement Advice Centre a call today on 1800 653 485. Your start to a debt free life could be just one phone call away!
In this day and age, debt is all too common. Knowledge about debt solutions however, is not.
The Debt Agreement Advice Centre (DAAC) aims to help individuals facing financial difficulty by offering honest and trustworthy advice and facts about the most common solutions to debt; debt agreements.
That is why DAAC has summarised their debt agreement research and knowledge to present to you the 10 facts of debt agreements; the good, the bad and the ugly.
A Debt Agreement is an arrangement which you enter into with your creditors to settle your unsecured debts (typically for less than what you owe).
Debt Agreements present a legal alternative to bankruptcy.
Debt Agreements are governed by the Bankruptcy Act and are subject to strict regulations and some eligibility criteria.
During this time, the interest on your debts is frozen and creditors cannot seize your assets or force you into bankruptcy. Put simply, you are legally protected.
A Debt Agreement involves a series of regular payments to your creditors over the course of several years.
Most Debt Agreements run for between 3 to 5 years.
Debt Agreement will put a default on your credit file for a minimum of 5 years but will then be removed after you successfully complete it.
A Debt Agreement will protect your house from your unsecured creditors, as well as your car if you own it outright.
There are no travel restrictions placed upon you during a Debt Agreement.
Once you successfully complete the Debt Agreement you become debt free!
At DAAC, we stand by our promise that our advice is entirely free and you will not incur any fees with us until we have completed a full financial assessment and we have confirmed that a debt agreement will work for you. We also guarantee that our price to supervise a debt agreement will be the lowest in the industry!
Find out if you are eligible for a debt agreement here, or give DAAC a call today on 1800 653 485 and find out how we can help you.
The Australian economy has seen consistent growth over the past twenty years, but with growth comes rapidly increasing debt. Over the past twenty-five years, Australian household debt has increased twice as fast as the value of household assets, with nation-wide credit card debt now averaging at nearly five thousand dollars per person. The statistics speak for themselves; if you’re feeling overwhelmed by debt, you’re not alone.
When faced with the possibility of bankruptcy, it’s almost impossible to see all of your options with a clear and open mind. By seeking professional help, you can receive advice that is tailored to your specific financial situation. A financial counselor can explain all of your options to you, along with their consequences, both positive and negative. A personalised assessment of your financial situation can provide you with options you may have otherwise been unaware of.
A popular solution for dealing with your unmanageable debt is a Debt Agreement. Not only do Debt Agreements settle your debts, often for less than what you currently owe, but being under the agreement also protects you from being forced into bankruptcy. To find out if a Debt Agreement is the best option for you, you need professional debt advice from a trustworthy company.
It can be hard to find quality debt advice, especially if you are struggling with time and money. That is why the Debt Agreement Advice Centre, a firm of licensed specialists and qualified professionals, offers their advice free of charge. You will receive a full financial assessment, at no cost to you, to evaluate if our company can provide you with one of our debt relief solutions.
At the Debt Agreement Advice Centre, we won’t try to force you into a Debt Agreement if it is not your best option. We have many other solutions available to help you with your debts, and if it turns out that we are unable to help you ourselves, we will happily refer you to someone who can.
For free debt advice, or to see if a Debt Agreement is a good solution to your struggle with debt, call our twenty-four hour hotline on 1800 653 485.
Debt Agreement Advice Centre has a solid reputation in the industry for being ethical and trustworthy, and for providing reliable and personalised debt advice. Our employees are fully qualified and licensed to offer formal debt relief solutions, so you can be sure that the advice you receive is reliable and accurate. With a success rate close to 100 per cent, our clients walk away with a sense of financial relief after receiving DAAC’s professional debt advice and services.
At DAAC, our debt advice is completely free, and we will not burden you with any fees until we have completed a full financial assessment and can confidently provide you with an effective debt relief solution. Our Chartered Accountant and Registered Trustee is constantly on call to provide you with reliable and impartial advice, so you can rest assured that your financial wellbeing is being handled by the best in the industry.
DAAC never leaves a financial problem unresolved. After calling us for free, confidential debt advice, our experts will effectively deal with your problem from start to finish. If on the rare occasion our experts are unable to help you themselves, they will gladly refer you to someone who can. If you would like to continue with our professional service after receiving our advice, we will happily quote you with an exclusive low price to set us apart from our competitors. If you can provide a written quote for Debt Agreement Administrator fees (exclusive of government charges and dividends to creditors) that are lower than ours, we will happily beat it. We will thoroughly explain how to set up a Debt Agreement and act as your Debt Agreement Administrator.
Debt Agreement Advice Centre doesn’t have a closing time; we are available to lend a listening ear any time you need it. We are here 24 hours a day, so if you are feeling overwhelmed by your debt and struggling to make financial ends meet, give us a call for free and confidential debt advice.
No matter where you are in Australia, we are available to take your call, so contact us now on 1800 653 485.
If you are struggling with too much personal debt, you may want to consider entering into a Debt Agreement. A Debt Agreement gives you legal protection from your unsecured creditors, which means that they cannot force you into bankruptcy and have your assets sold to pay out their debts. Once your agreement has been fulfilled, you are released from your unsecured debt commitments and your personal debt problems will come to a complete end!
To resolve your personal debt under a Debt Agreement, you need to make a series of regular payments into your agreement, typically over the course of 3-5 years. Debt Agreement repayments can be made to coincide with your pay cycle, and can incorporate lump sums and increased repayments as other household payments, such as a contract or a car loan, are paid out in full.
The Debt Agreement Advice Centre has years of experience in setting up and administering Debt Agreements, and can assess your personal debt situation and help you work out what you can and can’t afford to pay towards your unsecured debts. Our company has a reputation within the industry for being ethical, trustworthy and extremely professional, so you can rest assured that your case is being handled by experts in the field who have your best interests in mind. Our success rate for solving personal debt problems with a Debt Agreement is close to 100%, because we don’t believe in taking chances with your financial well being.
If you are struggling with personal debt and you’re after free and confidential advice, look no further than the Debt Agreement Advice Centre. Our friendly and professional team of debt consultants is on-hand to personally advise and guide you along the path to a debt free future.
We are available 24 hours a day on 1800 653 485, so give us a call now for free personal debt advice!
When you’re struggling with a pile of debt and contemplating a Debt Agreement, you don’t have the time or energy to search the myriad of websites and call centres for the answers to all your probing questions, doubts and queries. That is why the Debt Agreement Advice Centre (DAAC) is the #1 debt assistance companion of any Australian facing insolvency.
The DAAC website has all the answers you are searching for in one place. No need to spend hours hunting around; we’ve done the hard work for you. Our website provides individuals with financial debt assistance and the answers to all of their questions regarding Debt Agreements. Wondering what happens to your car, how long the Debt Agreement process will take or how much it will cost you? The Debt Agreement Advice Centre can answer that!
At DAAC, we firmly believe in doing what is best for you, the customer, and not just ourselves as a business. We understand the financial struggles our clients are dealing with before they come to us, and so for this reason we keep our Debt Agreement advice entirely free. You will not incur any fees with us until we have completed a full financial assessment for you and can confirm that we are able to provide you with a suitable, formal debt solution – at the lowest price, guaranteed!
For more information on the debt assistance services provided by DAAC, or for free and impartial Debt Agreement advice, contact our 24-hour hotline on 1800 653 485.
Many factors can contribute to a person’s debt crisis. Such factors may include unexpected events such as redundancy, ill health, a costly divorce, and so on. If any one of these sounds familiar to you, you might find yourself in a situation where you are facing the prospect of having to seek legal financial options to address your debt situation.
People in such positions are often stumped as to which option is best for them. You may be wondering whether to apply for bankruptcy or go for a less serious option such as a Debt Agreement.
The Debt Agreement Advice Centre (DAAC) has compiled a checklist to help you decide if a Debt Agreement might be the most suitable option for you:
If your unsecured debts are less than $105,086.80 or your income after tax is below $78,815.10 – These figures are indexed and current as of September 2014. They tend to increase every 6 months or so, so it is recommended you check with the DAAC or the Australian Financial Security Authority website for up-to-date figures.
You want to save your assets -If you file for bankruptcy, you are essentially handing over all of your substantial assets to a Trustee, who will then sell what is necessary to pay off your debts to creditors. But a Debt Agreement should allow you to keep your assets, depending on your circumstances.
You want and have the capability to control your own finances – Unlike a bankruptcy where you must report to a Trustee, under a Debt Agreement you can still have total control over your finances. You may be able to pay off your debt over a period through regular instalments, or arrange to pay a lump sum instalment in full and final settlement of the debt. Compared to bankruptcy, there are many flexible options available to you with Debt Agreements.
You are a director of a company or a number of companies – Even with obligations under a Debt Agreement, you are still able to manage your company and maintain the position of director.
You want to be able to travel – Unlike bankruptcy (where you need a Trustee’s permission to leave the country), if you enter into a Debt Agreement you are free to keep your passport and travel as you please.
If you think that you may be a potential candidate for a Debt Agreement with your creditors, contact DAAC today for a free, honest assessment of your financial situation. You can call our team of insolvency specialists on our 24-hour hotline for expert advice. Call now on 1800 653 485.
Personal debt has a way of accumulating quickly, and before you know it, you’re in need of professional debt advice. Whether it’s through credit card debt, university loans or car loans, it is very easy to fall behind in repayments.
Affordable and professional debt advice can be difficult to find when you need it. Many firms that claim they can help with Debt Agreements and other insolvency solutions are not fully qualified to do so. The Debt Agreement Advice Centre is a firm of specialists and qualified professionals, properly licensed and ready to provide professional debt advice to help you with your unique situation.
The qualified and experienced team at the Debt Agreement Advice Centre offer free debt advice tailored to your specific needs and financial situation. Among our team of professionals is a Chartered Accountant and Registered Trustee who will work creatively and effectively to provide you with debt advice and solutions, so that you can look forward to a happy and healthy financial future.
There are insolvency firms in the market that do not have qualified individuals providing professional debt advice. The Debt Agreement Advice Centre have not only the qualifications and experience to provide you with the advice you need, but also offer the most affordable debt solution services in Australia, promising to beat the written quote for service fees of any competitor.
The Debt Agreement Advice Centre has a 24 hour advice line, so you can get professional debt advice when it is convenient to you. Call our professional debt advisors on 1800 653 485.
The feeling of being in debt is overwhelming enough, let alone with the additional pressure of trying to understand all of the different options available when facing insolvency. The team from Debt Agreement Advice Centre, the leading specialists in personal debt, have years of experience in assisting over-indebted Australians to find a solution to their financial problems.
Two of the alternatives available to help you avoid declaring personal bankruptcy include Debt Agreements and Personal Insolvency Agreements. The debt specialists at Debt Agreement Advice Centre are trained experts in setting up and maintaining both of these types of agreements.
A Debt Agreement is an arrangement you can reach with your creditors to repay a percentage of your debt over a period of 3-5 years. Our debt specialists recommend this as a good option for those who cannot afford to pay all of their debts in full, but can afford to pay in part and wish to avoid bankruptcy. When your Debt Agreement is accepted by the majority of your creditors your debts are frozen, so no more interest or fees will be added to them. So long as you complete your agreement by paying the agreed amount into it, your creditors will be unable to recover the rest of the debt from you. The debt specialists from Debt Agreement Advice Centre will assist you with the entire debt agreement procedure, every step of the way. They will ensure that you understand the entire process and all of its implications, set up your agreement and take it through the voting process, distribute funds to your creditors and handle all correspondence with them.
A second option that is also designed to help one avoid bankruptcy is a Personal Insolvency Agreement. It is essentially the same as a Debt Agreement, in that it freezes your debts and allows you to pay back a percentage over a set period of time. The main difference lies in the amounts of debt, income and unencumbered assets that you have; a Personal Insolvency Agreement was designed for those with higher amounts, which makes the process just a little different. The debt specialists at the Debt Agreement Advice Centre are able to assess your financial position and let you know which agreement is right for you, and from there explain the processes involved and compare the outcomes to bankruptcy so that you can make a fully informed decision.
Our debt specialists can provide you with further information via our hotline on 1800 653 485. The Debt Agreement Advice Centre is available 24 hours a day, 7 days a week, for free and impartial advice on all your financial inquiries. Contact us today.
Debt Agreement Advice Centre
If you want advice on a Debt Agreement call our friendly and professional debt consultants on 1800 653 485
