Debt Agreements

What’s a Part IX Debt Agreement? A Part 9 Debt Agreement is a Government legislated agreement between you and your creditors. It only applies to your unsecured debts. A Part 9 Debt Agreement is when you make an offer to your creditors to pay off what you can afford and they...

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Terms of Use

DEFINITIONS In these Terms and Conditions, unless the context or subject matter otherwise require: Associated Entities has the definition attributed to it under s 50AAA of the Corporations Act; Claim means a claim, demand, remedy, suit, injury, damage, loss, cost, liability, action, proceeding, Right of action, claim for compensation or...

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The Real Hangover

A new year begins. It’s day 1 and many of us make promises to ourselves to get fit, lose weight and save some of our pay. January 1 is an opportunity for a fresh start but for most of us it comes with the hangover of what we failed to...

Credit Reporting Overhaul

Australia has been lagging behind most developed countries in only recording negative data like defaults, on our credit history. This will all change from March 2014 when Comprehensive Credit Reporting commences. From Dec 2012 there has already been more data recorded, more often, and on all of us. The 5...

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What Is An Informal Arrangement?

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 you are on difficult financial times. It can include a request for one or more of the following: a temporary...

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Tips To Reduce Credit Card Debt

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 every month, but a nightmare when you can’t. Last month’s bill, plus the high interest, starts adding onto this month’s...

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What Is AFSA?

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 & Trustee Service Australia or ITSA. The role of AFSA is to: Provide information about options to deal with unmanageable...

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Privacy Policy

In this Privacy Policy: Associated Entities has the definition attributed to it under s 50AAA of the Corporations Act; Personal Information has the definition attributed to it under the Privacy Act 1988 (Cth); Website means the domain name www.sosdebtsolutions.com.au and any sub-domains; We/us/our/SOS Debt Solutions means SOS Debt Solutions as...

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