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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