Benefit From Debt Reduction

Reduce interest, fees and money worries.

Scared about how you’ll ever pay off your credit cards? Our experts can show you the way forward.

Make Debt Affordable Again

Say Goodbye to Creditor Hassles

Stronger Financial Future

What is Debt Reduction?

What is Debt Reduction?

Simply put debt reduction means lowering your debt. The key aim of debt reduction at Just Budget is to make our client’s monthly payments more affordable for a period of time to allow them to regain financial control.

Debt reduction can take many forms, including lower monthly repayments and in some cases, interest can be lowered or even frozen for a period of time. This can add up to significant savings.

If you are not in a position to be able to keep on top of debt repayments then this is where Just Budget comes in. We expertly negotiate with your creditors to find a solution that works for everyone. Our #1 goal is always to put our customers back in control of their finances. We do this through our specialist team of debt negotiation experts.

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Watch how it works

With over 30 years of financial expertise, Just Budget has the tools to help you become debt-free. Find out how Debt Reduction works:

We Solve Debt Reduction in 3 easy steps

An expert will go through your budget with you

1. An expert will go through your budget with you

This helps us understand what you can afford so you can get the best debt reduction possible.

We'll negotiate a new plan with your creditors

2. We'll negotiate a new plan with your creditors

This will be on your terms, based on what you can afford. You will only pay us moving forward.

3. You'll be on a clear pathway to becoming debt-free!

With the new debt relief plan underway, you'll make easy, reduced payments to us until you're debt-free!

Common Questions

When it comes to debt reduction, every situation is completely different. If approved, you could save thousands of dollars per year, have your debt frozen for a specified period of time or in some cases, completely wiped depending on your individual circumstance.

It takes less than 5 minutes to apply.

The initial enquiry and application for debt reduction with Just Budget does not affect your credit rating.

If you cannot currently afford repayments then it is likely that your credit score has already been negatively affected. In the long run you can expect your credit score to improve since you will be more able to repay your debts, lowering your chance of defaulting on repayments.

After your debt reduction plan commences, you will no longer need to pay your original creditors. This means no more multiple, confusing payments at different times each month and no more harassing calls.

Instead, your entire debt will be rolled into one manageable package with 1 repayment schedule on your terms. This saves you time and makes life easier as you will only have 1 creditor to pay going forwards rather than multiple.

Yes!

Debt reduction also applies to credit card debt. This form of debt settlement involves having your credit cards paid off at a lower rate than initially agreed.

This new debt is then rolled onto a plan on your terms.

While the process of debt reduction, as the name suggests, is designed to reduce your debt, it does cost money.

The fee will vary depending upon your amount of debt and your personal circumstances. However, in the grand scheme of things, this fee should be a fraction of how much you could save with debt reduction.

Reduce your debts
today

If you qualify, your Debt Reduction Plan could be finalised within 24 hours, and you could start enjoying the benefits immediately.

Get your debts under control today