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Effective Debt Settlement Solutions for Individuals and Small Businesses in Australia

Credit Mediation Services Pty Ltd, licensed by ASIC, specializes in debt settlement, helping clients reduce their debts significantly. We recently assisted a 43-year-old financial planner in NSW and Chris Ryan from SA, achieving remarkable reductions in their debts within weeks. Our service includes negotiations with creditors to reach a mutually agreed settlement. Our experienced team understands the complexities of debt management and works diligently to provide tailored solutions, ensuring peace of mind for our clients. Let us help you regain control of your finances.

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Effective Debt Settlement Solutions for Individuals and Small Businesses in Australia

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  1. Debt Settlement 43yo NSW Financial Planner Sick wife $400k ATO debt Reduced to Nil in 8 weeks Chris Ryan of SA $320,000 Credit Cards & P/L Reduced to $110,000 in 6 weeks Credit Mediation Services Pty Ltd holds a Credit Licence with ASIC, our Australian Credit Licence Number: 387 398. ABN: 77 118 988 382

  2. What is debt settlement? Creditors agreement to reduce the debtors pay out balance to a mutually agreed figure for the purpose of immediate settlement. Credit Mediation Services Pty Ltd holds a Credit Licence with ASIC, our Australian Credit Licence Number: 387 398. ABN: 77 118 988 382

  3. History • US banking deregulation in the 1980’s (loosening of lending practices, recession) • Expanded to UK, Europe • 2005 Australia Credit Mediation Services Pty Ltd holds a Credit Licence with ASIC, our Australian Credit Licence Number: 387 398. ABN: 77 118 988 382

  4. Legislation • No legislation enforces creditors to settle debts • NCCP Hardship legislation (s72-73 NCCP) • Part 9 & 10’s & other alternatives Credit Mediation Services Pty Ltd holds a Credit Licence with ASIC, our Australian Credit Licence Number: 387 398. ABN: 77 118 988 382

  5. Banks response • “Computer says no” –good negotiator (will get a yes 99% of the time) • Preferential to payment arrangements / bankruptcy • Settlement campaigns • Debt collection agencies Credit Mediation Services Pty Ltd holds a Credit Licence with ASIC, our Australian Credit Licence Number: 387 398. ABN: 77 118 988 382

  6. How mortgage brokers debt settlements • Refinancing high LVR deals • Value add for broker • Service to client Credit Mediation Services Pty Ltd holds a Credit Licence with ASIC, our Australian Credit Licence Number: 387 398. ABN: 77 118 988 382

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