Help with Debt Management

Financial stress has the potential to impact every aspect of your life. Money troubles and debt management problems can put personal relationships under strain and distract you from performing well at work. Financial stress and poor debt management can even lead to serious health problems.

That’s why it’s so important to tackle debt management issues and financial stress quickly and effectively. It’s not just about taking control of your finances; it’s about enjoying life again. It’s about freeing yourself from the weight of worry and fear.

Imagine living with the peace of mind that debt collectors have stopped calling, your bills are paid on time, your living expenses are met and you’re saving for your goals. It’s not a dream. Thousands of Australians have put their lives back together with MyBudget’s help. You can, too.

MyBudget are Australia’s debt management specialists.

Since 1999, MyBudget has helped more than 20,000 Australians with tailored personal budgeting and debt management solutions. In the process, we’ve built professional relationships with thousands of creditors. We work with these businesses on a daily basis to secure a better, fairer, more reasonable deal for everyday Australians just like you.

MyBudget has a team of dedicated negotiators who specialise in debt reduction strategies. They can work with you and your creditors to develop a debt management plan which suits both of you. In 2011 alone, we successfully renegotiated over 220,000 payments to creditors for our clients. We also managed over 1.5 million payments and $250 million in salaries on our clients’ behalf. Most importantly, we did this on terms that our clients could afford.

Our vast experience in debt negotiation means that we know what sorts of terms are achievable. In some instances, we can negotiate for interest rate and repayment reductions, and for payments to cease for a period of time while you get back on track.

Why is MyBudget’s debt management approach so successful?

Most creditors are aware of how MyBudget works and are confident to negotiate payment terms in your favour because they understand that MyBudget will be managing your payments on your behalf. Their confidence comes from knowing that you have a workable budget and a solid debt management plan in place.

Our clients experience incredible levels of success because MyBudget does the heavy lifting for them. We understand exactly what the negotiation process involves. We’re here to act as your advocate. We can handle the paperwork and conversations with creditors on your behalf, which relieves you of stress and frees up your time. No more harassing phone calls from creditors, no more threatening reminder letters, no more sleepless nights, no more fighting about money.

As the negotiation and debt management process progresses, we also try—where possible—to protect you from further late fees and penalties, defaults being applied to your credit file, legal action and repossession of goods.

What about bankruptcy or a formal debt agreement? What are my debt management options?

Many people who approach MyBudget have already made the assumption that they’re personally insolvent and that a formal debt agreement or declaration of bankruptcy are their only options. For most of them, that assumption turns out to be wrong. In fact, 97 percent of MyBudget clients are able to avoid personal insolvency through alternative debt management solutions.

At MyBudget, we consider bankruptcy and formal debt agreements a last resort because the negative implications of both are serious and far-reaching. Instead, we examine all of your debt management options and make a recommendation based on your specific circumstances.

It starts with a free consultation where we will assess your financial situation in detail. As well as analysing your income and expenses, we closely examine your debt situation.

Our advice is free and independent. Even if you decide not to proceed with MyBudget, your customised budget plan and our recommendations are yours to keep at no charge.

In most cases, we find that the best debt management strategy combines debt negotiation with a budget plan that pays off the debt. That being said, should personal insolvency turn out to be the best debt management solution for you, we can assist you through the entire process. MyBudget is a registered provider with the Insolvency Trustee of Australia (ITSA).

MyBudget helped Leah and Kerin with debt management. We can help you, too.

Leah and Kerin wanted to buy a house, but they could never get on top of their personal debt. MyBudget helped them take control of their finances with tailored debt management solutions. They now own a home and investment properties.

Debt management help is available today. MyBudget’s advice is confidential and free.

A free consultation with MyBudget is an opportunity to gain deep insights into your financial situation and all of your options. Even if you decide not to become a MyBudget client, the budget plan we prepare for you is yours to keep at no charge.

Change doesn’t have to be difficult. The first step is always the hardest, but in this case it’s as simple as making a phone call. Take the step today to get out of debt and start saving. It’ll be the best decision you’ve ever made.