Australian consumers are increasingly turning to bankruptcy or insolvency agreements to solve their financial woes.
The problem with this, is that many of these consumers are not adequately informed of their options, or of the lasting effects of this course of action.
Debt mediation can provide a much more sustainable alternative.
As a growing industry in Australia, debt mediation growing in both awareness and popularity amongst brokers, accountants and financial planners, who are referring their clients to specialist debt mediators, before resorting to the traditional insolvency route.
The benefits of working with a debt mediator are invaluable, including;
- No bankruptcy process involved
- A one-off process that offers a lasting solution
- Carries none of the stigma associates with bankruptcy or debt agreements
- Considerably less impact on your credit score than bankruptcy.
United Debt assist is at the forefront of the mediation industry, whose mission is to work with clients to negotiate reduced settlements with their creditors.
Our specialist team work with consumers to develop an in-depth profile of their financial and personal circumstances that led to their hardship, utilising this information to build a compelling case supporting the need for a reduction in debt.
Once agreed settlements are reached, the client can move on with their life knowing that they are back in control of their finances. No longer contending with the ongoing demands of bankruptcy or insolvency agreements, they will no longer face the prospect of their past coming back to haunt them.
If you or your client have large amounts of unsecured creditors, sign up to United Debt Assists’ BrokerBase to instantly see if the case qualifies for debt mediation.