If the previous month has taught us anything, it is that our current situation continues to evolve and present new challenges, leading us into an era of unprecedented circumstances, which, for some businesses, may seem more like brick walls.
Like everybody, we too are hoping for a light at the end of the tunnel, but for now, we must ensure that we have procedures in place to navigate these arising difficulties and minimise the potential negative financial impact that they may bring.
To help our clients through this, we recently reached out to one of our long-standing trusted business’s Debt Mediation Services, to ask them to provide some information on what they could do to assist with this process. We hope this information can assist you to financially prepare, reduce the impact upon your personal and business finances, and adopt helpful solutions in managing your current and historical debt.
Debtx (Debt Mediation Services) is Australia’s leading debt mediation company. John Dickinson and Tania Bessant have been assisting my clients who are concerned about current debts to third parties and falling behind with their payments, especially with credit cards and personal loans, and further liaise with our friends in the ATO to reduce their ‘debt footprint’.
Their services include, but are not limited to, the following:
- Arrange periods of financial relief with creditors where payments are reduced or stopped for a period of time;
- Reduce problem debts so they can be settled for a lump sum, often saving individuals thousands of dollars, and
- Assist individuals to restore their credit files by having contestable defaults removed.
John and Tania can help our clients not only navigate this challenging period, but assist in taking the weight off their shoulders with current creditors and lenders in these incredibly difficult times.
Please do not hesitate to contact John or Tania directly on (02) 9948 7926 or my office for further information. We have provided the following direct link to DebtX.