SOS Debt Solutions provides a wide range of services to reduce your debt and put you back in control – often by reviewing your current position and then formulating an agreement that both you and your creditors can agree upon.
Becoming clear on exactly where your money is going is a priority if you’re struggling with debt. We have simple and effective ways for you to get your finances back under control and move forward with a positive plan.
With interest rates changing, it’s time to review your home loan to make sure you’re getting the best deal. You might be able to include any high interest loans or credit cards into your new loan too. Even if you have a poor credit history, we can usually arrange a loan for you too.
A debt agreement may be the solution if you’re behind with bills or loan repayments. This is a formal agreement which freezes all interest allowing you to repay what you can afford. We specialise in these agreements which generally save you thousands of dollars and take the stress off instantly.
Personal Insolvency Agreement
A Personal Insolvency Agreement provides a process for you to offer an arrangement to your creditors to satisfy your debts. The arrangement must be accepted by the majority of creditors and is legally binding. The agreement is administered by either a Registered Trustee or by the Official Trustee.
If bankruptcy truly is the right option for your situation then we can advise you and complete all the necessary steps to relieve you of many of your debts. Get the full story before you make this decision as often there are better solutions we can recommend.
An Informal Arrangement is the same thing as an Informal Debt Agreement. It happens when you write a letter to a lender and ask to temporarily vary your repayments because...
We all love the convenience of credit cards. Unsecured credit which you can use for almost anything, anywhere at any time. Great if you can pay it off on time...
Bankruptcy may seem an easy way out of your debts but it has serious consequences and should always be considered as a last option. You need to fully understand what...
AFSA stands for Australian Financial Security Authority and is the Australian Government body which regulates bankruptcies, debt agreements and insolvency etc. Before 15 August 2013 it was called the Insolvency...
SOS Debt Solutions is the evolution of decades of financial advisory experience. It has helped hundreds of clients plan and manage their way out of debt and get back on the road to financial freedom. We can help you too!