Mortgage Consolidation, Bad Debt Consolidation, Consolidation Home Loans, Car Loan Financing

Debt Negotiators provides personal loans to consolidate debts, mortgage consolidation and debt consolidation home loans to all areas of Australia from the one convenient location in Bankstown, NSW, just 20 kilometres south-east of Sydney. Because nearly all correspondence can be achieved over the phone, from initial enquiry to the eventual solution, Debt Negotiators place no geographical limit on where they can and cannot service.

Debt consolidation, in the most basic sense, means grouping all debts together into one manageable repayment by taking out either an unsecured loan, secondary loan structured as a secondary mortgage on your primary residence or a Mortgage Refinance using available equity on your existing property. Other means of consolidating debt where finance is not possible can be though the use of government registered debt management institutions like Debt Negotiators. A Debt Agreement can freeze interest on current repayments, help avoid bankruptcy and afford financial control.

For more information of bad debt consolidation, click here.

Loans for debt consolidation can ease the burden of multiple monthly repayments to different organisations and creditors by simplifying the process and combining all bills into a single affordable, regular repayment. Loans for bad debt consolidation, mortgage consolidation and credit card debt consolidation all serve the same purpose.

No, loans to consolidate debt, like all loans, require regular repayments and are susceptible to all penalties associated with non-payment of traditional bank loans. At Debt Negotiators, we take the time to understand your individual situation, how debt has been established and whether or not it is plausible in your current situation that you could repay a secondary loan.

Debt Negotiators offers easy repayment plans for weekly, fortnightly and monthly repayment on loans for debt consolidation. By doing so, we cater personal debt consolidation repayments to suit each unique situation. Payment terms can be extended up to 7 years.

Debt Negotiators endeavour to find the root of each client’s financial problems by categorising spending habits and looking at whether or not a personal debt consolidation loan is the most appropriate solution. Offering budgeting advice, Debt Negotiators aims to avoid debt and mortgage consolidation loans in favour of sound budgets and reduced spending. In many circumstances, the option to consolidate debt is simply an alternative to bankruptcy. A Debt Agreement is also a viable alternative.

For more information of Debt Agreements, click here.

A debt agreement is a compromise between you and your creditors to pay a certain percentage of your debts at a more reasonable rate. A debt agreement, if accepted, generally entails freezing your unsecured debts. Debt agreements differ from bad debt consolidation loans because the agreement is between you and your creditors, rather you and a debt management specialist. Agreement to terms and conditions of debt agreements are always at the discretion of your creditors.

A Debt Agreement will allow you to deal with unmanageable debts by freezing your provable unsecured debts and any interest so can repay your creditors over an extended period of time in an affordable and practical way.

Unsecured debts are debts which have no security attached to them. This includes, personal loans, credit cards, bills and tax debts among other things. A Home Loan or a Car Loan ARE NOT unsecured debts.

Yes, in certain circumstances your secured (such as home loan and car loan) can be bound by the debt agreement. This is where the value of your asset is less than the balance owing to the secured creditor creating a shortfall. Your creditors can choose to receive a dividend payment for this shortfall and therefore making them bound by the terms of the debt agreement.

Yes, all Debts have to be disclosed. This includes both your secured debts, unsecured provable debts, leases, hire purchases and any rentals. A Debt Agreement will only deal with unsecured provable debts.

Yes, all income that you receive through paid employment, Centrelink, Child Support, income from investments and any interest earned must be disclosed.

You can propose a Debt Agreement if you are:

• Insolvent (you cannot pay your Debts as they fall due).
• Have not been bankrupt or had a Debt Agreement, or been party to a Part X of the bankruptcy Act in the past 10 years.
• Have unsecured debts, assets and after tax income for the next 12 months, all less than the threshold limits

No, a Debt Agreement is the alternate to bankruptcy. However doing a Debt Agreement you commit an act of bankruptcy.

No, the ITSA can reject your proposal if they believe that a Debt Agreement is not the best option for you, in the best interest of your creditors or find you ineligible to lodge a Debt Agreement.

Yes, there is an up-front fee before the Debt Agreement is accepted for processing. There is also an administration fee included in your minimum monthly payments.

No, if your proposal is rejected, Debt Negotiators will stop scheduled payments immediately. Debt Negotiators will only refund where ITSA rejects the Debt Agreement for processing because Debt Negotiators was at fault.

Mortgage consolidation, or mortgage refinance is essentially a debt consolidation home loan. A debt consolidation home loan means taking out a secondary loan at a lower, more competitive interest rate to replace your current mortgage and decrease the rate of interest on repayments. Mortgage consolidation and refinancing can incur certain penalties however these should always be weighed against the ongoing cost of higher interest rates over the life of the loan.

For more information on Mortgage Consolidation and debt consolidation home loans, click here.

Yes, Debt Negotiators offer car loan financing, home loan financing and personal loan financing at low interest rates with fixed repayments. Car finance loans with Debt Negotiators are increasingly popular due to the fast approval process and friendly service we afford each customer.

For more information on Car Loan Financing, click here.