Debt Management
Organise repayments, bills and savings.
Michelle & Phil | MyBudget clients
What Is a Debt Management Plan?
A debt management plan is a structured way to manage repayments based on what you can genuinely afford. Your debts remain with your existing creditors or lenders rather than being combined into a new loan.
MyBudget can negotiate repayment arrangements, organise your bills and make scheduled payments for you, while your personalised 12-month budget plans for everyday costs, savings and goals as you pay off debt.
We manage your repayments
Stay on top of bills
Feel more in control
Financial Wellbeing Report 2026 | MyBudget
Real Results from MyBudget Clients
After joining MyBudget, clients missed fewer repayments, paid more bills on time and felt significantly less financial stress.
- 95% fewer missed repayments
- 97% of bills paid on time
- 9 in 10 felt less money stress
Kim & Bob | MyBudget clients
How to Manage Debt with MyBudget
From your free appointment to ongoing support, we’ll help you build a plan and put it into action.
- Tell us what’s happening: We’ll review your finances and debts
- See your 12-month budget: Know what your money could achieve
- Let us handle the details: We can manage creditors and payments
- Stay supported: We’ll adjust your budget as life changes
Erin & Adam | MyBudget clients
Imagine Having Less to Keep Track of
Juggling creditor calls, bills and due dates can make debt feel relentless. MyBudget can help negotiate with creditors, organise your bills and make scheduled payments, while your 12-month budget plans for everyday costs, savings and goals.
Explore Your Debt Management Options
Megan & Creagh | MyBudget clients
How Megan and Creagh Broke the Debt Cycle
With a personalised budget and ongoing support from MyBudget, Megan and Creagh paid off five credit cards in just 10 months.
Debt Management FAQs
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A debt management plan organises your income, living costs, bills and debt repayments within a structured budget. With MyBudget, the plan is personalised around what you can afford and what you want to achieve. It is not a new loan or a formal debt agreement. It is a practical way to manage your existing commitments while working towards reducing debt.
A MyBudget debt management program includes a personalised 12-month budget covering your income, living expenses, bills, debt repayments and savings goals. If you choose to join, MyBudget can organise your payments and provide ongoing support from Money Coaches. Your plan can be adjusted as debts are repaid, expenses change or new priorities arise.
No. You do not need to have missed repayments before asking MyBudget for support. A debt management plan may also help if you are making minimum repayments, relying on credit for everyday costs or finding it hard to stay ahead of bills. If your debts already feel unmanageable, explore MyBudget’s debt help options for broader support.
Yes. A personalised debt management plan can include savings alongside your bills and debt repayments. MyBudget helps you plan for upcoming expenses and build a financial buffer where your budget allows, so an unexpected cost is less likely to push you back towards credit. The balance between saving and repaying debt will depend on your circumstances and priorities.
The time needed depends on how much you owe, your income, expenses, repayment amounts and financial goals. During your free appointment, MyBudget can create a personalised 12-month budget showing your projected repayment progress. Your debt management plan can then be reviewed and adjusted over time as debts are repaid or your circumstances change.
Your debt management plan can be adjusted when your circumstances change. If your income, bills, living expenses or priorities change, MyBudget’s Money Coaches can review your budget and help reorganise upcoming payments. This ongoing support helps keep your plan realistic through unexpected expenses and changes in your day-to-day life.