Our Services
Our Debt Management Services
Our team of Angels has the experience, knowledge, empathy, and passion to guide you through your Get-Out-Of-Debt Journey!
- Trusted
- Experienced
- Professional
We will be with you every step of the way to coach and guide you, lift you up on those tough days, inspire and motivate you to stay the course, educate you so that you can not only recover but stay debt- free and of course, Debt’O’Nate your existing debts!
Free Consultation Call & Debt Assessment
We start with a confidential discussion to get a clear understanding of your financial position and what your debts are costing you. We listen to you with compassion, without judgment and then using our industry knowledge and information about your individual situation, we will discuss your proposed Get- Out-Of-Debt Strategy.
Client & Creditors Mediation
If you find yourself unable to pay back your debts, an independent third party can be engaged to work with creditors on your behalf. The benefit of an experienced agency like Debt Angel Solutions acting on your behalf ais that they already know what creditors can and can’t, will and won’t do, what to ask for and how far to push to get the best possible outcome.
Debt Negotiation
Debt negotiation is a discussion between a creditor and yourself to find a mutually agreeable amount to settle on. As the money lender is usually more experienced at this and it may be a very new experience for you, it can be beneficial to engage the services of an experienced debt negotiator. A paid debt negotiation and debt management service like Debt Angel Solutions works in a similar way to that of a financial counsellor. The difference is, they are a paid service that do the negotiations for you and manages the outcomes for you as long as you need.
Our Debt Management Services Team:
- We act as mediators between clients and creditors, providing our clients with the time and space to focus on their finances, health and mental well-being.
- We work with our clients to develop financial problem-solving skills and money mindfulness.
- We negotiate Informal Debt Agreements for our clients, aiming to enhance the manageability and long-term viability of their financial commitments.
Debt Negotiation FAQ's
Debt negotiation is a process of negotiating with creditors to reduce the amount of debt owed. This can be done by negotiating a lower interest rate, a lower balance, or a combination of both.
Debt negotiation works by negotiating with creditors to reduce the amount of debt owed. This can be done by negotiating a lower interest rate, a lower balance, or a combination of both. Once an agreement has been reached, the debtor will make payments to the creditor until the debt is paid off.
What are the benefits of debt negotiation? The benefits of debt negotiation include reducing the amount of debt owed, lowering interest rates, and avoiding bankruptcy.
The risks of debt negotiation include damaging your credit score, being sued by creditors, and having to pay taxes on any forgiven debt.
The length of time it takes to negotiate debt depends on the amount of debt owed, the number of creditors involved, and the complexity of the case. It can take anywhere from a few months to a few years to complete the process.
The cost of debt negotiation varies depending on the company you choose to work with. Some companies charge a flat fee, while others charge a percentage of the amount of debt that is settled.
Debt negotiation may be right for you if you have a significant amount of debt that you are struggling to pay off. However, it is important to consider the risks and benefits of debt negotiation before deciding if it is the right option for you.
What are Informal Debt Agreements
- Customised agreements between debtors and creditors.
- Negotiated directly without formal legal proceedings.
- Tailored repayment plans based on the debtor’s financial capabilities.
- Aims to facilitate manageable debt repayment outside legal frameworks.
Examples of Informal Debt Agreements:
- Reduced or frozen interest charges for an agreed duration.
- Long-term arrangements
- Loan variations
- Serviceability agreements
- Partial or full debt-waivers
Definitions of Informal Debt Agreements
Reduced or frozen interest charges for an agreed duration:
This agreement involves temporarily lowering or stopping the accrual of interest on outstanding debt for a specified period. It provides the debtor with some relief by alleviating the burden of accumulating interest charges, allowing them a window of time to get on top of their finances without the added pressure of increasing interest costs.
Long-term arrangements:
These arrangements involve restructuring the terms of the debt to create a more manageable payment schedule over an extended period. Instead of demanding immediate repayment or enforcing strict timelines, long-term arrangements offer debtors an extended duration, often years, to gradually repay the owed amount in smaller installments.
Loan variations:
Loan variations in debt relief aim to make the repayment terms more manageable for the debtor, providing a structured approach to clear the debt while potentially lowering overall financial stress. This could involve modifying the terms of the loan, such as extending the repayment period and/or repayment amount.
Serviceability agreements:
Putting your account in serviceability means after a period of reduced or no payments, you might have the option to show you can now service and maintain the loan, on time every time, usually over a period of 6 months. Once this outcome is achieved, you can request that the arrears amount is “capped’ – meaning it is added to the end of the credit contract.
Partial or full debt-waivers:
Partial or full debt waivers are debt relief solutions where creditors agree to forgive a portion or the entirety of the outstanding debt owed by the debtor. Typically awarded to debtors facing extreme or dire situations, these arrangements involve the creditor voluntarily relinquishing the claim to a portion or the entire debt amount. This forgiveness could be granted due to extreme financial hardship, insolvency, or as part of negotiated settlements. Partial or full debt waivers offer a direct and impactful solution by reducing the overall debt burden, providing significant relief to the debtor and, in some cases, a chance for a fresh financial start.
Benefits of Informal Debt Agreements
- Flexible Payment Arrangements: Allows for negotiation of flexible payment terms designed to accommodate your financial capacity.
- Avoids Legal Proceedings: Helps prevent legal actions like bankruptcy or court judgments against you.
- Protection from Relentless Pursuit by Creditors: Provides a buffer against potentially aggressive creditor actions, reducing pressure and stress for the clients.
- Debt Reduction Potential: Offers potential for reduced debt balance through negotiations with creditors.
- An Alternative To Bankruptcy: Maintains financial arrangements privately, bypassing the public records linked to formal agreements and averting the aftermath of bankruptcy declaration.”
- Potential Credit Rating Improvement: Provides a chance to maintain or improve your credit score compared to formal insolvency arrangements.
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