Great question. Let’s run a scenario: You’ve got $30,000 worth of credit card debt, at an annual interest rate of 20% pa (according to the RBA, the average credit card interest rate is 19.94%). That works out to an annual interest cost of $6,000 or $500/month assuming you’re not adding to that $30,000 of debt, not paying off any of the principle. Let’s say your monthly cashflow surplus is only sufficient to cover that $500/month worth of interest. You can’t afford to pay off any of the principle, so you can’t move forward. In short, your credit card is maxed out, and you’re only just able to stay on top of things. This will severely inhibit your ability to save money for a rainy day, let alone apply for a home loan.

What if we could negotiate that $30,000 worth of credit card debt down to a $3,000 settlement, saving you $27,000? And what if our total fees (including success fee) cost you less than what you’d spend in interest over 12 months of holding that debt, not making any dent whatsoever in the principle? Without stating the obvious, the maths stack up.

When you become a client of Debt Australia, we take care of this. Next time you receive a call from a debt collector, you’ll provide them with our number and advise them that we are authorised to act on your behalf. They’ll then stop calling you and start calling us! But that’s ok, we’re used to dealing with debt collectors.

Debt Australia works with all categories of debt. Primarily we deal with people who have Negative Equity across their property portfolio, Credit Card Debt, Personal Loans, ATO Debt.

Debt Australia’s services are best suited for people with debt over $20,000 AUD. For people with debt lower than $20,000 we would encourage you to contact the National Debt Helpline on 1800 007 007. We are always happy to guide you so if you are unsure please do get in touch.

Debt Australia is a Debt Management service focused on assisting Australians who have come into financial difficulty. We differ from other services as we do not recommend bankruptcy to our clients, but negotiate on behalf of our client’s with their lender to achieve a positive outcome that will allow our clients to recover and move on with their lives.

Yes, Debt Australia has serviced over 1200 clients all over the country.

Our fees differ depending on the type of debt you find yourself in. Once we have more details about your financial situation, we will provide you with a quote for our services. At a high level, the majority of the fees we charge are success-related. Therefore, we are highly incentivised to get you an excellent outcome!