Debt solutions

Debt solutions: your options, side by side.

Name: Debt Negotiators
Address: Suite 9/39 Stanley St, Bankstown, NSW, 2200, AU
Telephone: 1300 351 008
Price range: $$

There’s no single answer to debt. Here are the options we work through and the downsides of each. Answer 9 quick questions and we’ll go through the ones that fit.

Answer 9 quick questions Call 1300 351 008

Fee-based service. Fees, and any commission we receive from a lender, are explained before you decide.

Good to know first

Every option has downsides, and some aren’t open to everyone

Formal options are listed on your credit file and the National Personal Insolvency Index

Bankruptcy has serious, long-lasting consequences and is usually a last resort

Compare the options →

LicensedAustralian Credit Licence 390820

Registered with AFSADebt agreement administrator 1403

Since 2009Bankstown-based team

Real reviewsOn ProductReview.com.au

Start with your situation

What’s going on right now?

Pick what sounds closest to see the options usually worth talking through.

Debt consolidation

One new loan pays out several debts, so there’s a single repayment.

Good to know: lending criteria apply, and a longer term can mean paying more interest overall.

How consolidation works →

Informal arrangements

We negotiate new repayment terms with each creditor, based on what you can realistically pay.

Good to know: creditors don’t have to agree, interest may keep running, and it may show on your credit report.

How informal arrangements work →

Debt agreements (Part IX)

A binding agreement with your creditors to repay an affordable amount over time. We’re an AFSA-registered administrator.

Good to know: it’s a formal insolvency option with income, debt and asset limits, listed on your credit report and the National Personal Insolvency Index.

Debt agreement pros and cons →

Personal insolvency agreements

A formal agreement for debts or incomes above the debt agreement limits, administered by a registered trustee.

Good to know: it’s listed on the National Personal Insolvency Index permanently, and you can’t manage a company while it’s in place.

How Part X agreements work →

Credit file corrections

We review your credit file and ask for a correction where a listing appears incorrect or wasn’t made properly.

Good to know: accurate listings can’t be removed, and you can request a correction yourself at no cost.

How credit file reviews work →

Business & ATO debt

ATO payment arrangements, director penalty notices and small business restructuring.

Good to know: business debt has its own 5-question check, built for directors and sole traders.

Business tax debt help →

Bankruptcy information

We explain how bankruptcy works and how it compares with the other options. We aren’t a trustee.

Good to know: it usually lasts 3 years and 1 day, can affect your assets, income, travel and work, and it’s on the National Personal Insolvency Index permanently.

How bankruptcy compares →

Looking for a particular debt? See credit card debt or personal loans.

Try it with your numbers

Compare your options side by side

Enter roughly what you owe and what you pay now. You’ll see each option’s trade-offs, with repayment estimates for the loan options. Nothing you enter is stored or sent.

How we help

How it works with Debt Negotiators

1

Answer 9 quick questions

About a minute. Start here.

2

We look at the whole picture

Your debts, income, budget and credit file, so we can tell you which options are realistic.

3

You hear your options, then decide

What each one involves, what it costs and its downsides. If an option isn’t right for you, we’ll say so.

Before you start

We work with people right across Australia by phone, including in Sydney, Melbourne, Brisbane, Perth and Adelaide.

What it costs: Debt Negotiators is a fee-based service. Fees are explained before you decide, and the first conversation costs nothing. If you take out a loan we arrange, we may receive a commission from the lender. We’ll tell you about it before you decide. The rates are in our Credit Guide.

Compare honestly

The trade-offs, side by side

How the main personal debt options compare, downsides included.

	Debt consolidation loan	Informal arrangement	Debt agreement (Part IX)	Personal insolvency agreement (Part X)	Bankruptcy
Formal insolvency?	No	No	Yes	Yes	Yes
How long	The loan term	As agreed with each creditor	Up to 3 years, or up to 5 years in some cases, such as if you own your home	As set out in the agreement	Usually 3 years and 1 day. Can be extended up to 8 years
Credit report	A credit enquiry and the new loan are recorded	Hardship or repayment information may be recorded	Usually up to 5 years, or longer in some cases	Usually up to 5 years, or longer in some cases	5 years from when it starts, or 2 years after it ends, whichever is later
National Personal Insolvency Index	No	No	Yes 5 years from when it’s made, or until it’s completed if that’s later	Yes, permanently	Yes, permanently
Who has to agree	The lender. Lending criteria apply	Each creditor, one by one	Creditors vote. A majority by value must accept	Creditors vote at a meeting	No creditor vote. You apply to AFSA, or a creditor applies to the court
Watch out for	A longer term can mean more interest overall	Creditors don’t have to agree, and interest may keep running	Income, debt and asset limits apply. It’s an act of bankruptcy	Can stop you managing a company while it’s in place	Assets can be sold, income payments above a set amount, and overseas travel needs your trustee’s permission

General information only. Which options suit you depends on your situation, and we’ll go through it on the call.

Debt solutions questions

What debt solutions are available in Australia?

The main options are a debt consolidation loan, informal arrangements with your creditors, a debt agreement (Part IX), a personal insolvency agreement (Part X) and bankruptcy. Each has downsides, and not every option is open to everyone.

Which debt solution is right for me?

It depends on what you owe, your income, your assets and what you can realistically repay. We’ll go through the options that fit, with their downsides.

Will a debt solution affect my credit file?

Most do in some way. Formal options (debt agreements, personal insolvency agreements and bankruptcy) are listed on your credit report and the National Personal Insolvency Index. The table above shows how each compares.

Is bankruptcy my only option?

Usually not. Bankruptcy is usually a last resort, and we explain how it compares with the other options. We aren’t a trustee and don’t administer bankruptcies.

Can you help if I have bad credit?

Bad credit rules out some options but not all. Informal arrangements and debt agreements don’t depend on a lender approving new credit.

How much does it cost?

Debt Negotiators is a fee-based service. Fees depend on the option and the work involved, and they’re explained before you decide. The first conversation costs nothing.

See which options fit your situation

Answer 9 quick questions, then we call to go through each option and its downsides.

Answer 9 quick questions Call 1300 351 008

Debt Negotiators is a fee-based service. The information on this page is general and doesn’t take your circumstances into account. Outcomes depend on your situation, and no outcome is guaranteed. Formal options such as debt agreements and personal insolvency agreements can affect your credit report and your ability to get credit. ACL 390820 · AFSA RDAA 1403.

Call See your options

Talk to us about your options. Debt Negotiators is a fee-based service, and fees are explained before you decide.
1300 351 008

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