Debt management solutions in New South Wales
Are you facing escalating personal debt from credit cards or payday loans and struggling to make your repayments each month? If the answer is yes, you may be able to get on top of it and relieve the mental strain with a debt management solution (DMS).
A DMS is a form of debt relief used for paying personal unsecured debt. It’s a flexible arrangement that offers an alternative to bankruptcy. By pausing interest and protecting your assets, it can help you reduce your overall debt amounts – and the pressure.
DMSs are best suited to people who can’t afford to pay their debts at their current level. But, while a debt management solution reduces your monthly debt payment, you still need to make budget-realistic payments each month over a fixed period until your debts are cleared. Our Newcastle team can help you decide if a DMS is right for you.
The debt management solution process in Newcastle
Get In Touch
Get your free instant debt analysis either online or over the phone with our friendly and experienced customer success managers.
Receive Tailored Solution
If you choose to go ahead with a debt relief solution, we stabilise your position, stop the harassing calls and letters, and your journey towards financial freedom begins.
Take Back Control
Enjoy one easy to manage solution to clear your debts and start building a positive financial future. In the shape of a formal or informal debt agreement, a debt settlement or both.
Success Story
Kristy and John have three children aged 5, 11 and 13. Both worked full time until John had a nervous breakdown.
With John recovering and unable to work for four months, Kristy was finding it hard to make their mortgage repayments and cover basic living expenses on her salary. She’d taken out multiple high-interest credit cards to get by but was now drowning in over $70,000 of debt.
With limited equity, they weren’t able to sell their Newcastle family home or refinance to cover the debts, and the situation was causing friction.
Our Solution
Unsure what to do or where to turn, Kristy gave us a call. After a free initial consultation, we determined that a Part IX (9) Debt Agreement was their best option. We assessed their income and expenses and found that they could clear the debts in five years by repaying $550 a month.
We negotiated the terms with Kristy and John's creditors on their behalf in order to get the plan agreed. This involved explaining to the New South Wales creditors in detail what they could afford and the timeframe for repayment.
Positive Outcome
55% Savings
Their creditors agreed to the arrangement had to pay back only 45% of their total debt.
The Impossible Was Possible
Kristy could repay their debts at an affordable amount, reducing the pressure.
Stress-Free Recovery
Without the financial stress, the couple were able to focus on John’s return to health.
You're In Safe Hands
Judgement-Free
At Revive Financial, we care about the stress and impact being in debt has on your wellbeing. We want to help you take back control with no judgement, just a helping hand.
Financial Professionals
Revive Financial is proudly Australian owned and lead by a team of Chartered Accountants. Our qualified team have been helping Australians become debt free since 2005.
Industry Leaders
Our dedicated team have been trusted by over 10,000 Australians to help take back control of their financial futures. It's what we do best so you can rest assured.
Download Our eBook
Learn how to turn negative to positive today with a FREE ebook produced by our team of finance professionals, just for you. This helpful guide outlays all of the debt management options available and will assist you in understanding how you can take back control of your financial future.
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