Credit Repair Companies: Refunds and Compensation is Possible!

Credit Repair Companies Australia Refund

Did you know that refunds and compensation from credit repair companies is possible under Australia’s laws? Read more as we’ll reveal if you’re eligible.

These options can be both easy or hard, depending on the individual. Note: We’re simply unable on a our website like this to provide you with specific advice. This is general in nature.

Credit Repair Company Refund
Consider a refund from credit repair companies if you’re unhappy

There are certain things you can do, so let’s evaluate them.

Step 1: Raise your concerns with them

You have the right to raise your complaints directly to the credit repair company. This is always the easiest solution, especially as many of them are concerned about reputation management.

You have to options:

  1. Speak with them over the phone and write down everything
  2. Put your concerns in writing, sign it and mail it to them

Generally, they’ll be willing to listen to you. After all, unlike debt collectors, these guys generally care about you and helping you out.

Step 2: Use the Ombudsman schemes

Australia is afforded the luxury of Ombudsman schemes. They have the power to investigate and make a decision that businesses have to adhere to.

Some credit repair companies are members of such schemes, and some aren’t. It’s easier to get a refund or compensation if they are.

Step 3: Complain to the government

Government agencies across Australia do monitor credit repair companies, and often help citizens claim refunds or compensation. If you think a company you’re dealing with is acting unfairly, then you can make a complaint.

There’s several options:

  • Australian Consumer Credit Commission
  • Australian Securities and Investment Commission
  • Your state consumer affairs office

New South Wales, Victoria and Queensland certainly have consumer affairs offices that will receive your complaint. It’s important to note that they won’t necessarily help you personally. But they can help enforce the law so you’re protected.

Refunds and Compensation amount

Generally speaking, the amount you’ll be offered is going to be likely the amount you’ve been paid. They won’t (in most cases) provide compensation for your time or other incidental expenses.

Credit repair refunds are something that Australians are actively looking for. This is because often these companies promise the world, yet deliver an amount so little.

It’s worth complaining if you didn’t get what you were promised. Customers still have the power.

What we can do

If you’re struggling with debt, then we can help. We’ll talk to the debt collectors so you don’t have to.

Consider the following:

  • All the annoying telephone calls cease
  • No more fear of a knock at the front door
  • Complete help from start to finish with us

That’s why so many people have trusted us. Plus, we’re 100% FREE to talk to, so you won’t need a refund. You don’t have to pay us anything, we simply refer you to a great service that we know.

Summary of debt repair companies

Most debt repair companies are really good and it’s rare for them to require offerings of refunds or compensation. Like any industry, however, there’s some bad apples.

We would recommend that you utilize their services. They’re way more helpful than debt collectors. They’ll help you in ways that others won’t.

Consider also your financial objectives. We wouldn’t recommend that you go into debt again if you’ve struggled previously. No point fighting fire with more fire.

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Wedding Debt – Avoid it at all costs!

wedding debt Australia

Wedding Debt is at an all time high in Australia. It’s embarrassing to dig this hole for the both of you. We’re here to help!

There’s a lot of pressure in society today. Everyone wants the perfect wedding full of magazine-quality photos. So, you’re not alone.

We get it, but we don’t get the debt burden part. You shouldn’t get that debt either.

Wedding debt Australia
They got married using wedding debt. It’s costing them a fortune!

Simply – Don’t overspend on the big day. Avoid wedding debt at all costs. Allow us to expand further.

Australian wedding debt

Weddings cost anywhere from a few thousand dollars, up to a 6 figure amount. These costs can escalate quickly. We recommend the simple / lower cost weddings, yet at the same time, making them look very professional too. It’s possible!

Without careful planning, Australian wedding costs can easily escalate. Avoid the social media influence. Look at what you really want – to start your journey together on a clean slate.

Remember: if you’re looking to buy a house after marriage, then wedding debt is going to potentially prevent that.

Reducing wedding costs

We recommend planning the big day yourself. It can be stressful, but then so is having a wedding debt. The later will last for years.

There’s ways to save money. These include:

  1. Combat Instagram pressure by banning mobile phones from your wedding. Some people have done this!
  2. Choose a smaller wedding. You’ll save on catering, venue hire and other costs. Most people (greater than 80%) in Australia think big weddings are a waste of money anyway
  3. Use a less well-known venue. Some Australians choose to go to Bali or Fiji to get married. It’s much cheaper than the lavish venues (and inherit costs) of getting married in Australia

There’s an entire culture now dedicated towards having a wedding that costs less than $7,000. We’re serious, and we recommend it. Even for 100 guests, this is possible, if you’re prepared to do the legwork to avoid wedding debt.

Applying for a wedding loan

Firstly – no. We simply do not recommend wedding loans. We’re all about avoiding wedding debt for all Australians.

We would recommend a family loan. Or, instead of wedding gifts, simply ask for monetary gifts. This is common in other cultures. This can drastically reduce your wedding expenses.

Unsecured wedding loans have very high interest rates. Just like credit cards, they’ll be around for years. For your new journey together in life, you don’t want to have this ball and chain dragging behind you.

Starting now

If you need some help, then we can help you. There’s no obligation here. We’re here to be friends, and this community is very positive.

Start your journey fresh WITHOUT a wedding debt or loan. Avoid the fancy Instagram wedding expectations, and simply focus on what’s important – a beautiful day with your soul mate.

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Exposing Collection Agencies and Debt Settlement

Exposing Collection Agencies and Debt Settlement

It’s time we did this – we’re going to expose Collection Agencies and their means of Debt Settlement in Australia. We’ll show our community here everything you need to know.

How it works

Collection agencies purchase debts from creditors that are unable to collect them. Most banks simply don’t have the resources to do debt recovery, and also want to maintain their high reputation.

Debt collectors are masters of tracking down individuals and making them pay up their money. Often collection agencies like to go towards settlement agreements.

Fact: Debt collectors have purchased your debt for pennies on the dollar. $10,000 loan? They’ve probably paid between $2,000 and $6,000. Now they’re looking for their profit. That’s you and the settlement agreement.

It’s really important that you understand what this entails. We can actually help you get a much better deal, depending on your situation.

Your credit score WON’T improve

If you’re thinking that if you go with this settlement agreement, then you won’t get a clean credit score. They’re not interested in helping you. Your account will be reported as “settled” but with a red mark. It could last for years!

We can help you avoid this. Speak to us, and remember that your credit file is EVERYTHING for your future. Don’t ruin it.

Collection accounts are measured identically whether they’ve been paid in full or settled. Sure – you might look slightly better if you’ve paid in full, but it won’t be perfect. Let us help you sort it out.

Your future can be really affected. Having a collection agency with their note on your credit file is seen as a bad thing by all banks. They’ll really consider this in the future if you apply for another loan.

Debt settlements and the law

Even if you’ve agreed to a settlement, you might be still open to a lawsuit. Yes, these guys might appear to be your friend, but really they want your money. They want it bad!

This is especially the case if you miss a payment. It could very well land you in court. That said, this is an unlikely scenario, but we’ve heard of some rogue debt collectors out there still taking debtors to court!

Collection agencies sell debt

Any unpaid balances can be sold between debt collectors. Some of them are fed up with chasing you, and will sell your ‘debt’ to someone else so they can move on to chasing other people.

This adds more interest on to the existing debt. It’s likely to be much more than before. It’s simply easier to sort things out before they snowball like this. I’ve helped many people fix their leaky financial affairs.

Plus, you might not know straight away that the debt has been transferred. These collection agencies are often quite slow to tell you. If your phone hasn’t been ringing for a few weeks, then your debt could be in the process of selling to another collection agency.

They need real proof!

Under Australian law, you have the right to request proof that you owe any debts to collection agencies. Further still, there’s no time limit on this debt validation. If they don’t provide that information, then any further collection strategies that they try are simply illegal.

Often they’ll mail you (physical address or email) a printout that somehow shows that you owe such a debt. In some cases it may be considered sufficient, and in other cases it simply isn’t enough proof. Our very well trained Australian team can evaluate these documents for you.

Basically – all collection agencies in Australia MUST posses a copy of the documentation you originally signed. Otherwise, their claims in court won’t be upheld. This falls under the rules of legitimate proof.

Avoid verbal settlements

It’s easy to speak to collection agencies face to face or over the phone. But you might be surprised to learn the truth! This simply isn’t legally binding, and you are likely to be worse off in the long run.

Exposing Collection Agencies and Debt Settlement
Avoid speaking to these guys verbally! They just want your money.

There are things you can do verbally such as:

  • Asking for a discount on the whole debt amount
  • Modifying the repayment schedule to fit your needs
  • Negotiating to have no reporting on your credit file
  • Demanding that ALL interest charges stop accumulating

This forms part of the negotiation stage. Until it’s physically in writing, then it’s not real. The great news is that we can talk to them for you, so you don’t have to. Often we will get you a better deal too!

Terms of the settlement offer need to be written in pen and paper. Also, it needs to be signed by both parties, with each having a copy. It’s vitally important that you stick to your payment schedule each month for the life of this loan, otherwise further charges could be present.

Talk with us

We’re really cool and happy people! Every week we speak to people like you. It’s not embarrassing. You have a voice, and we understand your needs.

Avoid the courts. No more phone calls. The letters in the mail will stop. We have found the solution!

Let’s us help you win. Simply get in touch to see if we can help you out today if the collection agencies are chasing you.

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Can’t Pay My Debt: Here’s the BEST solution!

This is for Australians who can’t pay personal loan, car loan and credit card debts and want REAL options. You’ll discover what to do, and what happens if you don’t pay your debt as required.

Firstly, let’s welcome you to our website. We’re glad that you’ve found The Debt Free Community. Australians from across the country have landed on our site, seeking information to help them make the right decision.

Just imagine that you’re the type who can’t pay my debt because you’ve lost your job or your business is going down. What do you do? We’ll show you.

I can’t pay my debt

Excellent! We’re glad that you simply admit that. It’s hard. We know. It’s hard to admit that you’re struggling, that it’s getting a bit too much now. That you really can’t keep up anymore. Many Australians simply wouldn’t admit. But you’re real, you’re honest. And you likely want to change your situation too.

The dirty truth about Australian debt collectors

They’re difficult. They’ll send you nasty letters, ring you multiple times per week and generally make your life harder, by trying to get you to pay the debt. It’s their job after all. They’re not getting paid, unless you start paying the debt back. They have no incentive to stop.

Debt collectors will make your situation even worse

I can’t pay my ATO debt, loans or credit cards.

Yes, we totally understand. It’s not easy. Most days are a struggle, especially with the state of the economy right now. You feel like you’ve got so much weight to carry, burdened with debt. If you can’t pay your loans, credit cards or your debt to the ATO, then we do have an excellent solution for you.

I need some help

Excellent! Firstly, you’ve admitted that you have some debt that you can’t pay. And now you’re looking for some help. We have the right solution for you, one that likely won’t require the same level of payment. In fact – this 100% FREE service recommend will talk to the bank or finance company for you. You don’t ever have to pick up the phone ever again.

No more phone calls that catch you out of the blue. No more overdue letters. We know your mailbox is full of them!

No more emails. No more frustration, anger and embarrassment. Our recommended solution can do the work for you, so you can relax. They’ll find the right pathway for you and your individual circumstances.

I want to start today

Yes! Many Australians have chosen this same path. They’re willing to put the embarrassment aside. They want a real solution. They want to feel like they have a voice, that someone will listen to their situation and find a resolution.

We hope this has given you some clarity if you can’t pay your debt. The solution we offer isn’t for everyone, but a lot of people have used it to their advantage. There’s been a lot of success stories actually.

You can get the relief you need!

Those with questions, comments or otherwise are most welcome to drop them into the box below. We’ll be more than happy to answer them. That said – do get in contact with the service here, whose friendly team is ready and waiting to receive your call today.

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