Informal Debt Agreements
A flexible arrangement made between you and your creditors to restructure your debt repayment terms outside of formal legal proceedings.
Understanding Informal Debt Agreements
An Informal Debt Agreement is a flexible way to manage your debt by negotiating directly with your creditors outside of formal legal processes in Australia. Unlike formal debt agreements under the Bankruptcy Act, it is not legally binding, but it provides a practical and private solution for individuals seeking debt relief. You may be able to reduce your repayments, extend your loan terms, or even settle part of your debt, without the long-term consequences of formal insolvency.
The Path to Financial Freedom
Understand our process and discover if an informal debt agreement is the right strategy for your future.
How Does It Work?
Our experienced team acts as your advocate and negotiates directly with each of your creditors on your behalf. We assess your full financial position, prepare a proposal that reflects what you can realistically afford, and present it to your creditors. Once agreed, the new repayment terms replace your current obligations. Throughout the process, we handle all communication, paperwork, and follow-ups — so you can focus on getting back on your feet.
Is It Right for You?
An Informal Debt Agreement may be the right option if you are experiencing temporary financial hardship but have the capacity to make reduced repayments. It is ideal if you want to avoid formal insolvency proceedings, maintain your privacy, and preserve your ability to apply for credit in the future. If you are struggling with multiple debts and want a structured but flexible path forward, this could be the solution for you.
Key Benefits
• No formal legal proceedings required
• Flexible repayment terms negotiated on your behalf
• Reduced financial stress with manageable payments
• Maintained relationships with creditors
• Personalised solutions for your situation
• Avoids the long-term impact of bankruptcy
No Win, No Fee
If we can't achieve a result, you don't pay
What Our Clients Say
Real results from real Australians who trusted Credit Fixx to take back control of their financial future.
