>

Debt Relief Australia

Debt Relief Australia is a debt services company which offers assistance to Australians all over the country. They are committed to ensuring their client's financial security and help them break the debt cycle by providing guides, tools and tips for everyday life.

People looking to get help retiring their debt can call Debt Relief Australia seven days a week on their toll free number from 8am to 8pm. Alternately they can fill out the online form and have a consultant call them within 24 to 48 hours. The consultant will guide them through a series of short questions to better understand the financial position and recommend the best solution. Once the solution has been decided, you will speak to a specialist to discuss your options in greater detail and outline a payment plan and benefits.

If you are in agreement with the solution, Debt Relief Australia will prepare all the necessary paper work and start working with your creditors on your behalf. One important point to note is that the fee structure is not mentioned. This is an important aspect to clarify as people already in debt would not want to incur large up-front fees.

The website does not feature a rich interface and compared to others seems very out dated. The lack of graphics and visual aids can discourage a number of people from exploring the whole site. However, people who do take the time to go through the various pages will find a number of helpful resources. All of the services provided are explained in depth, although the descriptions seem as if they have been lifted from a debt relief dictionary and fail to point out any of the company's unique value additions. The services offered are:

Debt consolidation
Mortgage refinancing
Financial counseling
Credit repair
Informal arrangements
Debt agreements
Debt negotiations
Debt management

Debt Relief Australia has a number of articles that can help people get back on solid financial footing. The articles are broken up into categories to help visitors easily access the required information.

For people struggling to keep up with their mortgage payments, information is provided to show how refinancing can help reduce your monthly payments and interest rates. Customers are also educated regarding when refinancing their mortgage is a viable option and common myths about mortgage refinancing are dispelled. The mortgage calculator provided quickly shows your monthly payments based on your input. Each field has instructions to guide you in the process.

For people who have a large amount of unsecured debts, information regarding their credit report and debt consolidation is invaluable. Articles explain how moving multiple high interest debts such as credit cards onto a single low interest rate loan can help save tremendous amount of money over the term of the loan. Tips are also provided on how to fix bad credit such as removing incorrect listings and becoming financially responsible. Other options such as debt agreements and bankruptcy are also discussed and evaluated.

An additional section instructs people on the best ways to deal with various types of loans such as pay day, personal and bad credit loans. Helpful tips are also given regarding rising interest rates and associated problems.

The calculators provided help simulate numerous scenarios and can identify potential savings.

The loan calculator allows you to compare multiple loans to see which one best suits your need based on interest rate, term and principle amount. The loan repayment calculator estimates your monthly payment based on the above variables and also develops an amortization schedule for you to better understand the payments. The detailed budget calculator can be used to keep ones monthly incomes and spending in check.

This review is not meant to substitute personal interaction or experiences with the company. All decisions should be based on personal judgment with reviews such this as only taken as educational material.

While their website's lack of visual flair can discourage visitors from signing up with them, the breath of services, detailed information provided and useful array of calculators makes Debt Relief Australia a company to consider when evaluating debt relief options.

For more information on Debt Consolidation companys, go to Debt Consolidation.

Back to Reviews

Copyright (c) 2006 - 2012 ALL RIGHTS RESERVED. Technical Author Services Pty Ltd. ACN. 126 773 126. ABN 62 122 488 508. A private limited company incorporated in Victoria, Australia. All news items, articles and write ups are provided on an as is basis for informational purposes only. While the information presented may be from sources we believe to be reliable, we do not guarantee the accuracy or validity of any information presented. Technical Author Services Pty Ltd does not purport to offer any professional advice of any legal, financial or psychological service and all information is provided with the understanding that Technical Author Services Pty Ltd, its owners, writers and contributors are not engaged in rendering any legal, financial, psychological or any other professional service and any information so displayed on the Debit Consolidation Reviews web site is offered for information purposes only. If any legal, financial, psychological or any other professional advice or assistance is required, the services of a competent professional person should be sought. The user is considered solely responsible for his or her own actions.