Negotiated Agreement / Self Help

Simply communicating to your creditors and negotiation affordable arrangements can be positive towards solving debt problems,

This is a way to reduce your debt repayments by explaining to your creditors you’re having difficulties – but want to repay your debt as best you can.

What is Debt Consolidation?

Consolidating debt usually involves taking out new credit to pay off existing credit. Most people do this to reduce the interest rate on their debt, to bring down their monthly payment amount or to reduce the number of companies they owe money to.

Find out if you qualify



  • If you are unable to meet the required repayments, creditors may take further action against you.
  • Your credit rating may be damaged unless you make full contractual repayments.
  • Sometimes it can be overwhelming dealing with creditors on your own.
  • It could be a longer time to pay off or a higher interest rate
  • If your credit rating is poor or already damaged it may be difficult to source a consolidation loan.
  • If you can’t consolidate all you debt sometimes it leads to a worse position.
  • You could be taking more debt out.