Do I Qualify for a Debt Agreement?

Deciding whether or not a debt agreement plan is the best option for you can be daunting, at first. There are a lot of uncertainties and questions to be answered, and that’s where we come in. As a Debt Agreement administrator, Debt Cutter can help you to assess your options and discuss the ins and outs.

Debt Agreement Qualifications

You can propose a Debt Agreement if:

  • You have unsecured debts greater than $8000 but less than $107,307
  • You are unable to pay your debts when they fall due (i.e. you are insolvent)
  • You have an after tax income of less than $1547.70/week or $80,480.40 over the next 12 months
  • You have not been declared bankrupt, utilised a debt agreement or given an authority under Part X of the Bankruptcy Act in the last 10 years

Note: all amounts are indexed quarterly.

You are still eligible to qualify for a Debt Agreement if you:

  • Have a job but are struggling to pay your debts
  • Are receiving Centrelink Benefits or on a Pension
  • Have Court action threatened or pending
  • Have a bad credit record
  • Are behind in Bills or Loan Repayments

What debts can be put into a Debt Agreement?

  • Unsecured Personal Loans
  • Centrelink overpayments
  • Disconnected phones/electric bills
  • Tax debt
  • Repossessed car or house shortfall

If you are not sure if a Debt Agreement is right for you then call us. As a Government Registered Debt Agreement Administrator we able to assist you in determining if this is the right solution for you.

Take the first step towards debt relief. Enquire today and receive a Free Phone Consultation with one of our friendly Debt Cutter professionals at a time convenient to you or call now on 1300 887 211.

Want to know a little more, read about others who have solved their debt crisis with Debt Cutter’s debt solutions on our Success Stories page, or maybe you want to know how a Debt Agreement can help you.

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Words from our clients

“I am so grateful to Debt Cutter they really stuck by me every step of the way. They helped me to cope financially. When I was down they picked me up and gave me encouragement. I mean there were times I was so stressed, my mind refused to function as I was in such a state. Debt Cutter would always listen and talked me through everything. The biggest thing I have to say is about communication, Debt Cutter communicated to me always about everything.”

Lucy, Logan QLD

“Debt Cutter were just open and honest with us every time we contacted them. Every now and again we would make extra payments to keep ahead and have a buffer. If we had issues they just told us how much leeway we had and enabled us to work it out with them. Any time we rang they were understanding and helpful. Sometimes all I did was send a text message. This was good as it saved me any embarrassment.”

Mick, Brisbane Qld.

“Thank you so much Debt Cutter! Without your help I would have went bankrupt. What a wonderful service you offer.”

Symone, Dubbo NSW

“I found Debt Cutter very helpful and understanding throughout the set-up and entire agreement period. Thanks so much.”

Peter, Gayndah QLD

“I would like to say thank you to Debt Cutter for helping me with my financial situation. Tell all the staff thank you and God bless you all. You’re the best team. From my family, thank you and keep up the good work.”

Samuela, Logan QLD

“Debt Cutter, you have been with us every step. Nothing was a problem. Thank you, Thank you, Thank you!”

John, NT

“I am very pleased to have heard about Debt Cutter as I was nearly insane thinking how I was going to pay these debts. Thank you all very much again.”

Maria, Young NSW

“Debt Cutter was an absolute God send. After getting into a mess financially they not only helped me clear my debts but were very very patient as at times I had to stop payments due to various reasons. Thank you for all your help.”

Geoffrey, Central Coast NSW

“The staff at Debt Cutter were always extremely helpful and understanding when issues arose that meant I needed to vary my payment at any time. I really appreciate all the assistance they gave.”

Sue, Bundaberg QLD

“Excellent service and support from all of Debt Cutter’s friendly and helpful staff. Going the extra mile to assist me in these challenging times. Plus all your professional advice and flexibility throughout the last seven and a half years, from start to end. Thank you Debt Cutter from the bottom of my heart.”

Chris, Caboolture QLD