Benefit From Debt Relief

Break free from financial burden

When debt becomes impossible for you to manage on your own, we are here to help. We have proven systems to organise and reduce your debts.

Reduce or eliminate debt

No more financial stress

Your credit score could improve

What is Debt Relief?

What is Debt Relief?

Debt is an easy trap to fall into but difficult to escape from. If you find yourself with multiple debts you struggle to afford on top of your other living expenses. Life can become very stressful very fast.

Debt relief involves reducing, restructuring, or eliminating debt to make it more manageable. We achieve this for our clients using proven methods such as negotiation, consolidation, and settlement.

At Just Budget, we handle everything—from negotiating with creditors to managing payments. All you need to do is make timely payments, and we’ll take care of the rest.

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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 Relief works:

We Provide Debt Relief 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 determine what you can afford, ensuring you achieve the best possible debt relief results.

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

Common Questions

  1. Assessment: We will evaluate your current financial situation by looking at your income, expenses, and total debt. This will help to determine the best debt relief option for you.
  2. Planning: Next, we will develop a tailored strategy to address the debt. This involves gathering all necessary paperwork and preparing for negotiations to ensure we deliver the best outcome for you.
  3. Negotiation: We will engage with each of your unsecured creditors to attempt to achieve a combination of freezing interest rates, waiving fees, reducing repayments to an affordable amount, or settling debts for a lower amount.
  4. Implementation: Next, we will execute the chosen plan, whether through lump-sum settlements or consolidating debts into a single, manageable, reduced repayment.
  5. Resolution: The final step for the debt relief process is to ensure that all agreements are honoured, and guide you toward financial stability and improved creditworthiness.

After these 5 steps are complete, you could be completely debt-free!

  • Repayments could be significantly reduced – Just Budget is a specialist at negotiating with creditors. After looking at your average monthly income vs expenditure, we can find a compromise that you can afford.
  • Creditors will stop harassing you – As soon as we commence with debt relief, your creditors will be taken off your hands for good.
  • Debt relief can improve your credit score – A debt relief plan ties up your debts so they’re more manageable and affordable to help you never miss a repayment again. As a result, your credit score will rise over time. The debt relief process itself will also not adversely affect your credit score.
  • Your repayments will be easier to manage – All outstanding debts will be combined into a clear repayment plan. You only need to make repayments to Just Budget and we will distribute your payments to your creditors for you.
  • Your interest could be frozen – While the debt relief plan is being set up and also depending on how severe your financial situation is, your interest can be frozen for a period of time.

Just Budget is a trusted leader in personal budgeting, debt relief, and debt mediation. We specialise in helping individuals regain control of their finances by working closely with credit providers to secure improved payment terms and managing repayments on behalf of our clients.

Our experienced team tailors solutions to each client’s unique circumstances, aiming to ease financial pressure, reduce money-related stress, and improve overall financial well-being.

With our 30 years of financial expertise and strong industry connections, we often achieve positive outcomes that clients would likely have struggled to secure on their own.

Applying for debt relief with Just Budget won’t directly impact your credit score in a negative way. Instead, your credit score is influenced by how responsibly you manage repayments once you’re on a debt relief plan.

By staying on top of your new, simplified and reduced repayments, you could actually improve your credit score—many of our clients see a boost during their debt relief journey.

However, missing repayments can harm your credit score, so it’s essential to use debt relief as an opportunity to rebuild your financial future while improving your credit health.

The duration of a debt relief plan typically depends on the amount of debt, the repayment terms agreed upon, and the individual’s financial situation.

Generally, a debt relief plan can last anywhere from 12 months to 5 years, with most plans falling within the 2-4 year range.

The exact timeframe is determined during the initial assessment and tailored to ensure repayments are manageable while addressing the debt effectively.

Eligibility for debt relief generally depends on an individual’s financial circumstances. You may qualify if:

  1. You’re Struggling with Debt: You’re experiencing financial hardship, where your debt repayments exceed what you can reasonably afford and are causing a significant strain on your life.
  2. You Have a Stable Income: A consistent income is often needed to demonstrate your ability to follow a repayment plan.
  3. You’re Ready to Commit: Willingness to stick to a debt relief plan and work towards financial stability.

Take advantage of a debt relief plan today

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

Get your debts under contol today