Manage your debts, work within your budget and have the freedom to get back on with your life...no more harassing calls, no more juggling payments.
If you’re struggling to repay your debts on time or experiencing financial hardship, this form of debt relief could be a great fit for you. Unlike other types of arrangements, this is a low-risk, flexible option that allows you to get back on your feet so you can repay your debts and get back on with your life.
Unlike a Part IX Debt Agreement, there are no minimum or maximum levels of debt to qualify. In addition, there are no time limits you need to worry about. Your informal payment arrangement could last as briefly or as long as needed, assuming your creditors are agreeable.
An informal payment arrangement can be used with a range of debts like secured debts (car loans, mortgages, etc.) as well as unsecured debt (credit cards, personal loans, and government debts).
Are you a good fit for this type of arrangement? You still pay off you debt at a rate you can afford, but we make it a lot easier.
An informal debt arrangement can freeze the interest on your debts and stop creditors from calling. Your informal payment arrangement doesn’t go on record or negatively affect your credit file. It’s a positive way to settle debt with your creditors, ensuring that everyone is happy with the final outcome.
In addition, an informal payment arrangement gives you the time and freedom to settle your debts at a reasonable pace – often at a reduced final amount.
Debt management means you aren’t alone. We will manage your debts for you through personal budgeting and a careful debt management plan (DMP). You don’t have to juggle repayments.
An informal debt arrangement is designed to help people, just like you, to reduce and get rid of, existing and future debts.
Just Budget works with you to manage debts with no obligation, expertly tailoring a budget and debt repayment plan to suit your life. We aim to take off the pressure of your current debt stress, so you can get back on with living.