Pay-In-One
The smart way to combine, manage and repay your debts!
Pay-In-One has helped people just like you to:
Combine debts into one affordable repayment
Stop interest and penalty fees
Protect your credit score
Avoid bankruptcy
All with no upfront fees.
To be eligible for Pay-In-One – you need to work and earn $700+/week
How does it work?
We work with you and your creditors to develop an affordable payment plan for all your outstanding debts. We have established relationships with Australia’s major banks, finance companies and creditors, so we know how to negotiate outcomes that work for you.”. To see if Pay-In-One is right for you – submit your request today.
What debts can be included?
Personal loans, payday loans, credit card or store card debts, old phone or utility bills, and even debts to friends and family are commonly included in a Pay-In-One program. If you have secured debts, such as a car loan or a home loan, we’ll discuss whether it’s best to include these or continue paying them directly. Either way, all debts you have will be factored into your budget, so your Pay-In-One is affordable for you.
What does it cost?
There’s nothing to pay upfront. Our fee is included in your single regular repayment — so from day one, your money is already working to pay down your debts.
Will this affect my credit rating?
Pay-In-One is not a formal debt agreement and therefore does not fall under the Bankruptcy Act, so you will not have a bankruptcy listed on your credit report. Most creditors record it as a financial hardship arrangement and your file stays protected as long as you keep up repayments.
What other options are there for me?
Every debt situation is different, and Pay-In-One might not be the right fit for everyone. That’s okay — we’ll never push you into something that isn’t right for you.
As a licensed finance broker and registered Debt Agreement Administrator, we’ll walk you through all your options and help you choose the one that genuinely works for your situation. No pressure, no commitment.
Who is eligible for an Informal Debt Agreement?
There are no eligibility criteria for an informal debt agreement, so anyone is eligible for assistance. Generally, an informal debt agreement is not considered as serious as a Part IX debt agreement. It is often a step that someone takes before considering formal options, such as a Part IX debt agreement or bankruptcy.
How does an Informal Debt Agreement work?
- An informal debt agreement proposal is prepared according to what you can afford to repay.
- The proposal is sent to your creditors for feedback.
- We negotiate with your creditors to secure acceptance of your offer.
- You then make regular payments into our informal trust account, and we pay your creditors on your behalf each month.
What are the pros and cons of an Informal Debt Agreement?
- More flexibility than a Part IX debt agreement.
- Protects your credit score by listing a temporary financial hardship.
- Faster turnaround time.
- Depending on the level of debt, it can be a cheaper option.
- Most employed Australians are eligible.
- In most cases, your debts will be frozen.
- Not normally binding on your creditors — meaning the process is faster and more flexible to set up, without the formal approval process of a Part IX agreement.
Stop juggling multiple debts. There’s a better way with Pay-In-One.
Pay-In-One is a registered business name and product of Safe Debt Management Pty Ltd. Terms and conditions apply.
