An informal arrangement involves reaching agreement with each of your creditors to change the terms upon which your debts will be repaid over a reasonable period of time, to make it easier for you to meet your financial commitments.
These arrangements can result in reduced costs and importantly the avoidance of bankruptcy. However, as informal arrangements require approval from all of your creditors they can sometimes be difficult to achieve.
AFS
can assist by providing an independent assessment of your financial
position to determine whether an informal
arrangement is right for you. If so, AFS can assist in
liaising with your creditors to seek agreement in writing to
proposed new terms.
If an informal arrangement is not right for you there are other alternatives that AFS can assist you with, such as a debt agreement.
Contact us now and let AFS give you the solution you need for debt freedom.