Debt Help In Australia

Ready to Become Debt Free?

Looking for Debt Help in Australia?

Unfortunately, unless you win lotto, there is usually no quick fix to get yourself out of debt. But the important thing is to take steps to change your financial future. With the right debt help in Australia, it is possible to pick the best debt solution for you and put a sensible plan in place to get your finances back under control again.

At Fix Bad Credit, our mission is your financial freedom. No matter where you live in Australia, one of our debt solution experts will carefully assess your personal and financial situation, so we can tailor a personalised debt solution package to best meet your goals. Your personalised debt solution package will contain options to help you take back control of your debt and start you on your journey to financial freedom.

There are both informal and formal debt solution options available to you, dependent on your specific circumstances.

Debt Solutions - Debt Help Australia - Fix Bad Credit

What is an Informal Debt Solution?

If you’re having difficulty making your repayments, you may want to try to reach an informal agreement with your creditors. Whilst informal debt solutions are not legally binding, they are likely to have fewer serious consequences than formal debt arrangements. An informal debt arrangement involves entering into an informal payment plan with your creditor(s) to enable you to pay your debts off over time – potentially deferring payments until you get back on your feet or making your payments more management and affordable.

The negotiated new payment plan could include paying your debts in a single, lower lump sum or continuing with a different repayment plan involving one, or a combination of options.

What are your Informal Debt Solution Options?

Debt Soltuions - Debt Help in Australia - Fix Bad Credit
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A Debt Moratorium, also known as a payment holiday or payment deferral, to either stop or reduce your payments and interest over a short period of time (usually between 3 to 12 months) to enable you to get back on your feet or to put other arrangements in place.

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Debt Consolidation – by bringing your existing multiple debts together into one single new loan, subject to a single interest rate, with a single regular (usually monthly) repayment it makes managing your debts significantly easier.

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Debt Negotiation – this involves discussions with your creditors to informally renegotiate the terms of your loan, this might mean settling the debt for less than the full amount, lower interest rates, reduced fees and/or extending the length of the loan to reduce the size of your minimum payments.

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Debt Settlement – If you have access to a lump sum, a debt settlement may help. A debt settlement is an informal arrangement with your creditors that offers less than the full amount you owe in order to wipe out the debt completely.

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A longer-term informal arrangement – a long term informal arrangement can last several years and often involves reducing your minimum repayments, reducing or freezing the interest owed over the period if you need more time to get back on your feet or to put other arrangements in place.

What is a Formal Debt Solution?

Formal debt solutions have been developed and implemented by the Australian Government under the Bankruptcy Act 1966, to provide options for people who find themselves in situations where the debt they carry becomes unmanageable. It is important that you fully understand what you are agreeing to before signing up to them, as whilst they have benefits, there can be serious consequences. Your formal debt solutions options are:

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Debt Agreement – A formal legally binding (Part IX or Part 9) Debt Agreement helps you deal with unmanageable unsecured debts such as credit cards or personal loans. Your debt will likely be reduced to an agreed amount and the remainder you will be able to pay back through affordable regular periodic or lump sum payments.

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Personal Insolvency Agreement – A Personal Insolvency Agreement is a formal, legally binding arrangement that is between you and your creditors to satisfy your debts. The arrangement could consist of a contribution of your income over a period of time or an assignment of your assets. It is the last option considered before filing for bankruptcy.

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Bankruptcy – Bankruptcy is the formal process of being declared unable to pay your debts. When you become bankrupt, you don’t have to pay most of the debts you owe.

What do you need to know before entering into a debt arrangement?

Understanding the terms of any debt arrangement, both formal and informal, is critical before agreeing to anything. Ensure you have enough information to be able to select an option which is most favourable to you, so your financial situation isn’t impacted even further. Don’t be afraid to ask questions. If a part of the agreement or contract is unclear to you, make sure to clarify anything first before signing on the dotted line. We recommend you talk to a debt expert about your options.

How can Fix Bad Credit help?

For more information on what might be the best option for you, call one of Fix Bad Credit’s debt solution experts on 1300 729 757. Our debt solution experts can help you assess your financial situation for free and identify debt solution options tailored to your specific personal financial circumstances, using their in-depth knowledge of credit law and debt processes.

Debt is one of the few stressors in life that doesn’t go away. The worry is always there, along with the feeling that there is nothing that can be done about it. Money and debt worries cause heavy emotional and mental burdens, affecting your health, your work, and your relationships. But just know you’re not alone. If you’re feeling overwhelmed by money matters and looking for debt help anywhere in Australia, we’re here to help you find relief from your debt stress.

Talking about debt can be daunting. It’s hard to know where to start or what your options are. However, you can take a small step right now by picking up the phone and giving one of our debt solutions experts a call.

Get Your Free Credit and Debt Assessment Now

To help you take control of debt and achieve financial freedom




    Reviews

    Excellent4.8 Based on 39 reviews from review us onchoranai Gochezchoranai Gochez ★★★★★ Fix bad credit helped me get a default off my file and it was done over the weekend! I’m so happy with the level of service and how they explained everything to me. Would highly recommend!Andy GriffithAndy Griffith ★★★★★ I contacted a broker to get finance for a house and found out that I have a default on my credit report, they will stop me getting finance, my broker told me to contact fix bad credit which turns out to be great advice within one week they have remove the default from my credit report and now I can get my finance.Bukassa BelotiBukassa Beloti ★★★★★ I had an issue with my credit report and i got it fixed within 2 weeks. Excellent work.Ashlee HawkinsAshlee Hawkins ★★★★★ Cleaning up my credit rating is something I had been wanting to do for a while, but I wasn’t in a good position to. Things have changed and it was time to clean up my credit rating, I had also been putting this off due to the thought of it being stressful and costly. I contacted Fix Bad Credit and arranged a time to go over my credit rating, as soon as I got off the phone to Fix Bad Credit, I felt a massive sigh of relief. The customer service is something I’ve never received before along with the education they give you about your credit rating to continue to improve and not damage your credit rating. I highly recommend this company and will continue to for many years.Robert BellRobert Bell ★★★★★ I’m going for a mortgage and I had a few problems on my credit report, the team at fix bad credit helped me out and had everything done in a week,big thanks to CJ Espeically very helpful guy and would highly recommend to anyone looking at getting there credit file fixed.slothbrah zyzzslothbrah zyzz ★★★★★ I Would highly recommend the team at fix bad credit ,we were on the verge of losing our deposit and land due to a default and thank to the team the default has been removed.Alex OxborrowAlex Oxborrow ★★★★★ I approached Cj and the team and Fix Bad Credit with multiple issues on my credit score, from the very first phone call I had with Cj he was very helpful and informative, he also understood why I was in the situation I was in and was more than willing to help, he knew I wasn’t able to pay money up front and was more than happy to let me go into a payment plan which has helped me a lot.Baljit KaurBaljit Kaur ★★★★★ Highly recommend, fantastic services, brilliantHelped us refinance property ,So gladThank youedward gondoredward gondor ★★★★★ Having Cj Credit repairs help me to restore my credit score so that I would be able to apply for loans and also be able to build a house is honestly a good feeling. This would have taken me 5 years until it could be cleared out but now it only took me a few weeks. I'm glad that they were able to resolve and fix my credit score even though it took a lot of back and forth with them and also with Panthera finance its all about patience and at the end the job was done. i would recommend them to anyone.BreeannaBreeanna ★★★★★ I had a bad credit rating, and came across Fix Bad Credit. They went above and beyond to help me, made it all so easy. I can’t recommend them enough to anyone!Tony DelittleTony Delittle ★★★★★ I had an issue caused by someone else.CJ and the staff at Fix bad credit were nothing short of outstanding. The understanding there knowledge and the compassion they gave me was sensational. They took the problem on, researched it and fixed it. From my experience these guys are the best in the business and highly recommend them.Thanks CJ you are No 1.cameron williamscameron williams ★★★★★ I knew I had bad credit and it was something I had been avoiding for a long time. I stumbled upon CJ and the fix bad credit team by accident, and needless to say it was the best thing to happen to me. From the first point of contact to having my credit score repaired and looking good was a total of 17 days! The communication from CJ was easy to understand and regular. Since getting my score repaired he has also helped with brokers and getting me the finance I wanted! I couldn’t be happier and I can not recommend the fix bad credit team enough! All it takes is one phone call.Jeremy SmithJeremy Smith ★★★★★ Impossible to overstate the importance of engaging the financial services sector with someone that understands how it works and the motivation of those involved. Carey has that knowledge in spades, knows how to use it to his clients best advantage and facilitate successful outcomes. His tenacity is frightening and I cannot recommend highly enough using FBC to champion what appear to be lost causes, and more importantly - win.James SmithJames Smith ★★★★★ Had to use 'fix bad' due to a couple of mistakes on my credit score. CJ was brilliant, quick, and effective and could not recommend him higher.Sana NazreenSana Nazreen ★★★★★ When I reached out to CJ from Fix Bad Credit for enquiry removal information, CJ had given me the right advice and spent over half an hour with me for free and helped me save money as none of the enquiries were harmful, they just needed some time and also shared tips on how to improve the credit score. Thank you CJ! Highly recommended.Deana PoggiDeana Poggi ★★★★★ They were very helpful, kept me in the loop with what is going on! Definitely well worth it if anyone is hesitant about their credit!Jorden OrtezJorden Ortez ★★★★★ I found CJ to be professional, informative and able to offer an incredible service. Before my initial discussion with CJ, I had no idea how credit works. I have a 6 figure income and my credit score remained low, even after paying off debts/bills on time for the past 4+ years.After one consultation, we derived a plan on how to remove defaults, half my debts and refinance my loan to a company that report repayments. (Ultimately increasing my credit score)Purchasing a home looked impossible, until now.Can’t thank this business enough for the knowledge and service they’ve provided me.Hafiz Abdur RehmanHafiz Abdur Rehman ★★★★★ My dealing with CJ Horne was great. He spent some time on my file and advised me the best possible solution for my situation at the moment free of cost. I really appreciate his approach and honest piece of advice.Larissa ThurleyLarissa Thurley ★★★★★ Unfortunately sometimes life happens.. sometimes you win... and sometimes someone sets up a fraud account in your name and you don’t find out until your financing your car!Rather than going via the long winded usually roots which take up to 3-6 months to remove fraud activity on a credit record- the team was able to remove this for me in less than 2 weeks!!!I was able to secure my car in time and at a lower rate. All thanks to CJ. 🙂Brooke ClarkeBrooke Clarke ★★★★★ CJ was amazing! Instead of trying to sell me something we didn’t need, he has directed us to someone who could actually help us get the proper finance options we needed. Thank you for doing the right thing and help us get to where we need to be.Luke RadinLuke Radin ★★★★★ The guys from fox bad credit did a great job.. I wouldn’t go to anyone else these guys know what they are doing. I did initially have a complaint about them but I clearly jumped to conclusions and CJ dealt with it professionally and really helped me out.. thanks CJResponse from the ownerHi Luke,we appreciate your feedback with your experience. We hope it empowers other people in your situation to make the choice you have. We are excited for you and your future now you have made your credit report work for you and not against you.Good luck with the road ahead.Regards, Fix Bad Credit solutions team. luke messineoluke messineo ★★★★★ I had a very good experience with fix bad credit who gave me good honest advice an helped me to fix my credit rating. Thanks.Highly recommendAqueel HaisamAqueel Haisam ★★★★★ Helped me double my Credit Score in span of less than 3 months. The team are so good at what they do. Definitely recommend them to everyone!Chantelle MittzChantelle Mittz ★★★★★ ONE WORD... AMAZING!CJ was just phenomenal to deal with, from start to finish and constantly reassured me that he would get it all sorted for meI had so many questions and he was beyond patient throughout the entire process (which was so damm easy might I add) and literally had everything fixed up within less than half the time originally advised.These guys are incredible at what they do and would defiantly 100% recommend to anyone.Genuinely changed my life so thank you!Response from the ownerHi Chantelle, well done you on making the great decision to change your financial future. It was a pleasure to work with you in making this happen. We wish you all the best with the journey ahead. Congrats. Jimmy WilliamJimmy William ★★★★★ Amazing Team of people working hard & truly passionate about getting people back on track to excellence. Thank you for your servicesResponse from the ownerHi Jimmy, well done on increasing your credit score above 900 and opening the door to life changing opportunities. The Fix Bad Credit team are extremely excited about your journey and look forward to seeing you living your dream life. Well done Jimmy. Kate ZitutaKate Zituta ★★★★★ Had a good experience, Fix Bad Credit has been helpful, good communication, provided knowledge and financial advise as well as providing goods customer service.Andrew PadayachyAndrew Padayachy ★★★★★ Fix bad credit made my day. The reoccurring spending habits that controlled my life were identified and have now been put in touch with the help I needed, this couldn’t have come sooner . Thank youJames TippingJames Tipping ★★★★★ CJ was amazing. It's been a long process to fix my credit due to mistakes at a young age. So many other places were happy to take my money with no guarantee they will have success in helping. CJ told me plain and simple what I need to do and what will help. He didn't charge me a cent either. Gave his honest opinion woth a good 30 minute phone call and thoughts on what will genuinely help. I am going to put all this into place and give him a call in 6 months to discuss future moves towards buying a house. We all make mistakes in life and stress I've them. It's people like CJ that make you feel calm and believe it will all be ok with some solid advice. Thanks again CJResponse from the ownerHi Jim, we loved assisting you turning things around. Well done . Home DecoreHome Decore ★★★★★ I needed 2 defaults removed ( paid defaults ) and CJ produced the goods. Both defaults have now been removed and I can safely apply for finance for my home.Thanks once again mate. All the stress has been lifted !Cheers,CamResponse from the ownerHi Cam, it was a pleasure helping you on your journey to your 1st home. Don't forget to send us pics. We are extremely for you and your future. Congrats . Rocky ChenRocky Chen ★★★★★ James has really showed his utmost professionalism, got my credit issues fixed as quick as only 3 weeks. They are highly recommended.RICKY BRICKY B ★★★★★ Myself and my partner engaged another credit repair company to assist with default removals, and cleaning up the credit file.Unfortunately they took our money, and that was all. The ombudsman became involved, but in the end we were left with nothing.The Fix Bad Credit team offered to help. And they certainly did that. Credit score is now above 800 and they are now assisting us with a $60k debt.It’s been life changing. I strongly recommend if you have debt, or credit issues, to reach out to the team at Fix Bad credit. Thanks again Carey absolute legend!!!Kellie Lyndon-JamesKellie Lyndon-James ★★★★★ I went to the Fix Bad Credit team as I was living with the burden each month trying to pay back debt due to unforeseen life circumstances that had occurred over the last few years which often led me taking time off work and only making the minimal payments. As a single parent I felt I wasn't getting anywhere. The Fix Bad Credit team have negotiated a massive saving for me and managed to consolidate the remaining debt into monthly affordable payments without interest being incurred. Any issues I may have had on my credit report and have now been removed. I look forward to being able to purchase a home in the future which wouldn't have been possible before. Thanks so much Fix Bad Credit Team, super grateful.Ignite Global GroupIgnite Global Group ★★★★★ As a business owner I appreciated the transparency, fast response, professionalism and execution of the Fix Bad Credit team.We had some apprehension using a credit repair service. But after the experience and seeing the outcome, I will be recommending Fix bad Credit to my entire network.js_loader

    Frequently Asked Questions

    Can I really become debt free?

    Our experienced team have been helping Australians get out of debt for over 10 years. No matter your unique situation, we have a solution to help you achieve a debt free life.

    How can Fix Bad Credit help me with my debt?

    Fix Bad Credit’s mission is to help you take control of your debt and achieve financial freedom. We will undertake a free confidential assessment of your current finances, taking the time to fully understand your unique financial situation to tailor the best debt solution options to meet your needs. We provide you with as much information as possible upfront, so you can make an informed and confident decision about the debt solution that’s best for your particular circumstances and budget. We then deal directly with your creditors, you only deal with the same friendly credit and debt solution expert that you have since day 1. We take care of the pain, so you can get on with living.

    How do I stop the debt collector calling me?

    Working with Fix Bad Credit, our legal team will contact your creditors, and stop those annoying phone calls, once and for all. Your stress will be less and you’ll no longer need to worry every time your phone rings.

    How much of my debt will I need to pay back?

    Fix Bad Credit has a proud history of helping our members reduce the debt they need to repay by 40% – 90% of what they owed before contacting us. Every situation is different, but the sooner you reach out, the sooner we can assess your particular situation and provide the best debt solution options available to meet your particular circumstances and budget.

    How It Works

    Becoming Financially Free Is Easier Than You Think

    Step 1: Identify

    Asking for help is the hardest part. Which is why you get a personal debt and credit solution expert to confidentially review your unique situation and work with you every step of the way

    Step 2: Plan

    We then work with you, providing options for improving your credit, reducing debt and managing any repayments

    Step 3: Repair

    We can then assist with your chosen options each step of the way, implementing your unique credit and debt solution strategy

    Step 4: Monitor

    We offer an on-going service to continue to monitor your credit situation, regularly reviewing any changes to your credit score and identifying potential problems before they affect your financial well-being.