About Us

We are Moneyplus Debt Solutions, a specialist team dedicated to helping individuals manage and resolve their debt. With over 20 years of experience in the credit services industry, we understand how overwhelming debt can become. Our focus is on supporting customers who are facing significant financial challenges by providing personalised debt management solutions.

We founded this business to offer practical support to those dealing with debt stress, helping them find a path to financial recovery. At Moneyplus Debt Solutions, we believe in delivering compassionate, expert assistance to empower you in regaining control of your finances and achieving long-term stability.

Our Mission

Empower individuals facing seemingly unmanageable financial challenges to regain control of their lives by applying our deep experience and expertise with empathy, compassion, and patience

Break free from Debt: How an Informal Debt Agreement Can Help

If you're struggling to keep up with daily expenses and falling behind on repayments, or if your debt feels endless and creditor calls are overwhelming, an informal debt plan could be the solution you need. By choosing an informal debt agreement, you can regain control of your financial situation.

We can negotiate with your creditors to potentially reduce your debt or pause interest, creating a fixed-term payment plan that suits you. Let us handle all creditor communication and manage your repayments, giving you the time and peace of mind to get your finances back on track and live worry-free.

The process is simple

You
1
Submit Enquiry
5 minute online application
We
2
Talk to Creditors
Engage with Creditors
We
3
Prepare Plan
Payment plan that you can afford
You
4
Become Debt Free
Pay us as per plan and finalise

  Am I Eligible ?

Over 18 Are you over 18 years of Age?
Debt of $7,000 or more Are you having unsecured debt of $7,000 or more?
In Hardship Are you in Hardship and not able to cope?
Must be Working Are you currently working?

If "Yes", click below

More on Informal Debt Agreement

How can it help?

  1. Avoids Bankruptcy : An informal debt agreement provides an alternative to bankruptcy, allowing individuals to resolve their debt without the severe financial and legal consequences that bankruptcy can bring.
  2. Flexibility in Debt Management : Unlike more rigid formal arrangements, an informal debt agreement lets you choose which debts to include, offering more control over your financial obligations.
  3. Reduced or Paused Interest : In many cases, creditors agree to pause or reduce interest on the debts, making repayment more manageable and potentially reducing the overall amount owed.
  4. Simplified Payment Process : With an informal debt agreement, you make a single regular payment, often managed by a third party who handles distributions to creditors, simplifying your financial responsibilities.
  5. Potential Debt Reduction : Creditors may agree to accept a lower repayment amount, which can significantly reduce your debt burden over time.
  6. Protection from Creditor Harassment : Once creditors are notified of the agreement, collection calls and harassment usually stop, providing relief and allowing you to focus on repayment without constant pressure.
  7. Less Impact on Credit File : Acting early and opting for an informal arrangement can help mitigate severe negative impacts on your credit report compared to bankruptcy or other formal insolvency solutions.
  8. Encourages Creditor Cooperation : Having a structured repayment plan in place shows creditors your commitment to repayment, often leading to better cooperation and a smoother path to debt resolution.
This arrangement offers a middle ground for individuals struggling with debt, providing flexibility and relief without the lasting impact of more formal insolvency options. However, it may not be suitable for everyone, and it’s best considered with a full understanding of potential risks and benefits in relation to personal financial goals.

Important Points to Remember

  1. Assess Financial Goals and Capabilities : Review your financial situation, goals, and ability to make regular payments under the agreement. This will help ensure that the arrangement is sustainable over time.
  2. Understand Potential Impact on Credit : Although an informal debt agreement can protect you from severe credit damage, it may still impact your credit file. For e.g. failure to meet minimum repayments during the preparation and negotiation of the agreement can impact your credit file.
  3. Prepare for Interest and Fee Adjustments : Many creditors may agree to reduce or pause interest, but the specifics can vary. Make sure to clarify how interest and fees will be handled on each debt included in the agreement.
  4. Choose Creditor Inclusions Carefully : Informal agreements allow flexibility in selecting which debts to include. Consider which debts would benefit most from being included, such as high-interest or high-balance accounts, while leaving out debts you can manage independently. There is a possibility that not all creditors may agree to a negotiated arrangement and therefore may not be included in the Informal Agreement
  5. Commit to Consistent Payments : An informal debt agreement often relies on regular, consistent payments. Missing payments could lead to the cancellation of the agreement or a restart of creditor collection efforts.
  6. Know That Not All Debts Are Eligible : Certain types of debts, like secured debts (e.g., mortgages or car loans), may not qualify for inclusion in an informal debt agreement.
  7. Be Aware of the Agreement’s Legal Status : An informal debt agreement is not legally binding in the same way as formal insolvency arrangements. This means creditors could technically change terms or withdraw cooperation if there is a breach of the agreement.
  8. Consider Seeking Financial Advice : If you’re unsure, seeking guidance from a financial counselor or debt advisor can help you understand whether an informal debt agreement is the best choice for you, and what alternative solutions may exist.

Why choose Moneyplus Debt Solutions

We are a specialist team dedicated to helping individuals manage and resolve their debt. With over 20 years of experience in the credit services industry, we understand how overwhelming debt can become. Our focus is on supporting customers who are facing significant financial challenges by providing personalised debt management solutions.
We founded this business to offer practical support to those dealing with debt stress, helping them find a path to financial recovery. At Moneyplus Debt Solutions, we believe in delivering compassionate, expert assistance to empower you in regaining control of your finances and achieving long-term stability.