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    debt agreements

    Part 9 Debt Agreement Discharge: What to Expect Once the Agreement is Over

    A Part 9 Debt Agreement discharge is your chance for a fresh financial start. Your debts are repaid, your financial slate is clean and you are in a position to start over. It can be difficult to know where to start and you might be worried about making financial decisions. Here is what you need to know once you receive a Part 9 Debt Agreement discharge.

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    Topics: Debt Agreements

    What Debts Can be Included in a Part 9 Debt Agreement?

    If you’re experiencing financial distress, a Part 9 Debt Agreement allows you to combine your debts into one, affordable repayment based on your budget. A Debt Agreement puts a stop to creditor harassment, reduces debt stress and allows you to rebuild your finances. As with many debt relief solutions, a Debt Agreement has eligibility criteria including what debts can and can’t be included which is why it’s important to understand if the debts you have will be covered.

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    Topics: Debt Agreements

    Rescue Your Finances with a Debt Agreement

    If you’re facing financial difficulties and struggling with debt, a Debt Agreement (DA) can be a beneficial solution to help you escape bad debt and provide you with financial relief. Under our unique Debt Management Plan (DMP), one of the tailored debt relief solutions available is to enter a formal Part 9 Debt Agreement. A Debt Agreement is a legal and binding agreement between you and your creditors, which outlines an affordable repayment arrangement for you to pay down your outstanding debts.

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    Topics: Debt Agreements

    What is the Difference Between a Part 9 Debt Agreement and an Informal Agreement?

    If you are unable to pay off your debts, a Debt Agreement is an affordable option that allows you to reduce your debts and avoid the long-term effects of Bankruptcy. There are two types of Agreements: A Formal Part 9 Debt Agreement (DA) and an Informal Agreement (IA). So you can make an informed decision about your financial future, here is some helpful advice on the differences between a Part 9 Debt Agreement and an Informal Agreement.

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    Topics: Debt Agreements, News, Informal Agreement

    Part 9 Debt Agreement Consequences

    The 2017 Financial Year saw 13,597 Part 9 Debt Agreements lodged in Australia. They prove to be an increasingly popular way to repay debt and avoid bankruptcy, despite the consequences of Part 9 Debt Agreements. Entering a Part 9 Debt Agreement is a serious step and it is important to understand how this agreement works.

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    Topics: Debt Agreements

    How Will a Debt Agreement Affect Your Credit File?

    Are you considering a debt agreement but wondering how it might affect your credit file? There is no easy way to get out of debt. It all takes hard work and commitment. While there are a number of solutions available to help you overcome your debt, none of them are without consequence. Depending on your situation, those consequences might not be as severe as you think. Your credit file is a record of your financial habits and determines your risk rating for future loans. Having a default on your credit file, such as late payments, can make it difficult to secure a loan. It’s no wonder that you would want to protect it.

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    Topics: Debt Agreements