Debt Consolidation by Agreement can be your Lifeline

20/11/09

Debt Lifeline is a debt solutions advisory service specialising in assisting individuals overcome debt distress.

Debt Consolidation is one method of alleviating debt problems.

Debt Consolidation By Agreement rather than by obtaining another loan is the most rational choice for those individuals with damaged credit who simply cannot meet the contractual obligations on outstanding debts.

Debt Lifeline operates in conjunction with Credit Counsellors Australasia the most respected personal insolvency advisor in Australia to help people in financial stress obtain debt relief without any external pressure being exerted on their assets, as occurs in bankruptcy.

A Part IX Debt Agreement is a mechanism in the personal insolvency laws that permits a person in debt to consolidate all unsecured debts into one agreement which encompasses all unsecured creditors and binds them to an arrangement of payment based on the capacity to pay principle. This means that if you genuinely can only afford to make an offer of 60 cents in each dollar of debt then an offer or proposal to pay back at that rate can be made. Of course if you can afford 100 cents in each dollar but simply need time to pay, that too may be your offer.

Being in debt can be traumatic. Claims against assets, wage garnishees looming bankruptcy and possible job loss can be the cause of relationship breakdown and family disputes – something which should be avoided at all costs.

Debt Lifeline can help and assist you to:

Make an offer to creditors, based on your capacity to pay
Place all your unsecured debts into just one agreement (consolidation)
Stop ongoing accruing interest
Stop all civil court actions
Stop bailiffs from enforcing civil court judgments
Stop garnishees
Regain your peace of mind; and
Make a fresh start leading to financial freedom.

Technically astute, highly trained, tertiary qualified and in the business of helping people just like yourself you will find our credit counsellors to be unrivalled in professional performance, ethical standards and integrity.

No up-front fees
Immediate attention to your submission

An assessment of your ability to make a proposal for this method of debt consolidation is FREE of charge and FREE of obligation. Confidentiality is guaranteed.