When struggling with personal debt it is often hard to know where to turn to find help in dealing with your situation. Many of our clients are often confused about the role that debt consultants play, which is why Debt Free Australia is here to set things straight.

At Debt Free Australia, our debt consultants are financial professionals who work with individuals to assess their current debt status and create a solution. The goal of our debt consultants is to assist the client in finding ways to effectively manage their current debt and to minimise the impact of their insolvent status.

Debt consultants are trying to enhance your financial security, so we work closely with each of our clients, showing genuine concern towards each individual’s situation and determining which solution will be most beneficial for them. Our debt consultants employ several strategies in order to help their clients meet realistic financial goals. They work with individuals to help them find ways to better manage their liabilities through realistic and measurable solutions, and help to get their credit card spending under control to ease the stress that the burden of debt inevitably brings.

Debt Free Australia specialises in four key areas of formal debt relief:

• Debt Agreement
• Personal Insolvency Agreement
• Bankruptcy
• Debt Consolidation

At Debt Free Australia, we understand that when dealing with debt problems, there shouldn’t be a ‘one size fits all’ approach. That is why we offer four comprehensive debt solutions to managing your personal debt. Our debt consultants will ensure that the solution is catered to your needs and will have the least possible impact on your financial future.

Don’t wait to get swamped in debt! Call our debt consultants at Debt Free Australia today on 1800 676 598 so we can start managing your debt problems together. Our telephone hotline is available 24 hours a day, 7 days a week, so that our debt consultants are available whenever it best suits you.

At Debt Free Australia, we have many years of experience in assistingindividuals who are facing personal insolvency. We perform financial assessments to determine what options are available and can act as the administrator for any formal debt arrangements that one might choose to enter into. Whilst we always strive to help people to avoid bankruptcy, there are times when it is actually the best option for someone. It is then that we see that most Australians are often mistaken as to what bankruptcy actually involves.Bankruptcy has long been tainted with a negative perception, mostly due to the myriad of myths which surround it. To set things straight once and for all, Debt Free Australia debunk the most common bankruptcy myths.
Myth 1: Everyone Will Know.
The need to declare bankruptcy is becoming more and more common, which means that it is becoming more accepted. Regardless, many people worry that “everyone” is going to know about their bankruptcy. There is actually no reason for anyone to be aware that you are bankrupt, unless you tell them about it or they go out of their way to check the public record, which is not very common due to difficulty and costs. We do recommend,however, that you share the knowledge of your bankruptcy with a family member or friend. It can be an emotionally taxing process, so it helps to have that support.

Myth 2: I’ll Lose Everything I have
This is the most common misconception associated with bankruptcy. The truth is that you will not lose everything you own. Your bankruptcy Trustee is obligated to recover whatever funds they can and put them towards your debts, so if you have a substantial asset that would be worth selling, such as a property with equity in it, then yes, you would stand to lose that. But you are allowed to keep a vehicle up to a certain amount, your household items and personal effects should not be touched, and your superannuation is safe. A one-on-one meeting with a bankruptcy advisor at Debt Free Australia will help you to determine how much your individual bankruptcy case is likely to affect your assets.
Myth 3: My Credit Will Be Terrible Forever
Whilst bankruptcy will stay on your credit file for a period of 7 years, this does not mean that your borrowing ability will be tainted forever. If you rebuild your credit file and use your credit wisely after bankruptcy, you could even purchase a home within a few years.
At Debt Free Australia, we love bringing happiness and financial stability back into the lives of over-indebtedAustralians. Personal insolvency is surprisingly common and you are not alone in having to deal with it.For free and impartial advice on bankruptcy and how it might affect you, contact one of DFA’s bankruptcy advisors today on 1800 676 598.

The number of Australians in financial distress and entering into Debt Agreements is continuing to grow, according to latest figures released by the Australian Financial Security Authority (AFSA).
As per AFSA’s annual report on personal insolvency, there were a total of 29,514 overall personal insolvency cases reported nationwide during the 2013-2014 financial year. The report for the December quarter of 2014 shows that there was a rise of 2.5 per cent for people entering into Debt Agreements, compared to the previous quarter; from 2,589 people to 2,655.
The majority of applicants for personal Debt Agreements were younger Australians who are employed, but living beyond their means. Many have credit card debt and telephone bills that have become unmanageable. Only 7.7 per cent of the reasons listed by people for entering into Debt Agreements were business-related, suggesting that the majority were caused by uncontrolled spending behaviour.
The AFSA figures on the number of Debt Agreements show that Australians are becoming more conservative in addressing their debt problems, with the number of people filing for bankruptcy reaching a record low since the 1995-96 financial year.
Debt Agreements are a wise option if an individual wants to protect their assets. Entering into a Debt Agreement means that you can pay back a percentage of your unsecured debt, whilst keeping enough money in the budget to pay off a secured commitment such as a mortgage.
If you have decided that applying for a Debt Agreement is the best choice for you, Debt Free Australia (DFA) can help. Our qualified insolvency practitioners can assist you in the negotiation and implementation of a Debt Agreement and ensure that it is fulfilled according to legislation.
The CEO of DFA is registered with both AFSA and the Australian Securities and Investments Commission, and all of our staff are qualified to assist with any personal debt problem. For professional debt management help, call us today on 1800 676 598.

With an ever-increasing number of Australians declaring that they are insolvent, and many of them declaring bankruptcy each year, the need for effective and efficient financial assistance is greater than ever.
For professional financial assistance at the lowest price guaranteed, Debt Free Australia is the answer.
Debt Free Australia (DFA) are highly experienced insolvency specialists operating in Australia, with a proven track record in providing professional and successful financial assistance to Australian individuals. DFA assists individuals facing personal insolvency who are considering declaring bankruptcy or looking for an alternative. We work closely with our clients in order to seek out the cause of their financial hardship, determine which financial solution suits their circumstances best and see them through the process of becoming debt free.
When seeking financial assistance, many individuals are unaware of their options and generally think of bankruptcy as the only solution. Thankfully, the Australian Government has developed a number of alternatives to help over-indebted Australians better deal with their intense financial strain.
At DFA, we always recommend that one considers the legal alternatives to bankruptcy in order to minimise any negative effects on their home-life, employment and credit file. These bankruptcy alternatives include a Debt Agreement or a Personal Insolvency Agreement. Before these agreements were developed, there were really only two ways of settling your unsecured debts – either pay them in full or declare yourself bankrupt. With the advent of Debt Agreements and Personal Insolvency Agreements, debtors are now able to negotiate an affordable payment plan with their creditors and avoid many of the harsh consequences of bankruptcy.
Both agreements are quite similar, in that a repayment amount is agreed on by your creditors, all interest on your debts is frozen and you are protected from any creditor trying to recover more money from you. Debt Free Australia can act as the administrator of either type of agreement, which is not something that all companies are capable of doing, and will become the only point of contact with your creditors. We will oversee your repayments and distribute dividends to your creditors in the order and manner that the law requires.
The financial assistance provided by DFA is focused on helping you to determine which debt relief option will most benefit you. By applying for one of these bankruptcy alternatives, you can have the peace of mind of knowing that you are protected from any creditors threatening legal action or bankruptcy.
If you wish to propose a Debt Agreement or Personal Insolvency Agreement, DFA can help. With both a Debt Agreement Administrator and a Registered Trustee on site, we can begin working on your case straight away and follow it through to its completion, without passing you over to another company.
For more information on Debt Free Australia’s financial assistance services, or for free and impartial on bankruptcy and its legal alternatives, contact our 24/7 hotline today on 1800 676 598.

The Australian Financial Security Authority’s personal insolvency report for 2013-14 reveals that the second most common cause for insolvency, as listed by debtors, was excessive use of credit. A total of 6,999 debtors across the nation became insolvent during this time due to not being able to meet their credit card and personal loan repayments.
With over half a million Australians carrying, on average, more than $5,000 in credit card debt – why then do credit cards remain popular?
Despite their potential for concern, having a credit card can be beneficial to your financial wellbeing. While they do carry a significant risk when paired with irresponsible use, closely monitored credit card use is an effective way to build a strong credit history. This will in turn create benefits in the future. For example, a high credit score may mean paying less on insurance products. It could also mean paying an interest rate several points lower on mortgage loans than someone with a poor credit history. Basically, the better your score, the less you may have to pay in the long run.
Other benefits of credit cards include having instant access to funds in cases of emergency; receiving rewards when using them, such as cash back or frequent flyer points; and having a detailed and complete monthly purchase summary, which eliminates the effort of recording every purchase into your budget as you would when paying in cash.
However, improper or haphazard use of credit cards will have the opposite effect. It can lead to a large accumulation of unmanageable debt and have disastrous consequences for future financial opportunities. It can also place your assets at risk of being collected and sold, as a credit card provider can potentially petition to have you made bankrupt if you are unable to make your repayments.
If you are struggling to pay off your debts on time, you need to take action now and carefully consider your debt-management options. Debt Free Australia is a team of insolvency experts who can assist you to recover from your unmanageable debt problems. We can help you decide whether applying for bankruptcy is the best solution for you, or whether you could consider an alternative arrangement such as a Debt Agreement or a Personal Insolvency Agreement. Call us today on 1800 676 598 or email us at info@debtfreeaustralia.com.au for more information about our services.