.png){kind=small}
How informal debt agreements work
When debts start to build up, it’s rarely just about the money. It’s the constant pressure, the uncertainty, and the feeling that things are slowly slipping out of control.
An informal debt agreement is a negotiated repayment arrangement between you and your creditors, designed to make repayments more manageable without entering formal insolvency options. Rather than relying on legal processes, these arrangements are built around realistic discussions and repayment expectations that reflect your actual circumstances.
At Clear My Debts, we help you understand whether an informal agreement may be suitable, organise your financial information clearly, and guide you through approaching creditors in a structured, informed, and calm way — so you’re not navigating these conversations alone.
These arrangements are flexible and based on what you can reasonably afford, helping bring structure to repayments while keeping communication open and transparent.
What we help you with
Most people don’t reach out because they want “debt help” — they reach out because they’re overwhelmed, unsure, or worried they’re making the wrong decisions.
That’s where we step in.
We help remove the guesswork, the stress, and the uncertainty by guiding you through each stage with clarity and realistic expectations.
We help you:
- See the full picture clearly
We bring all your debts, repayments, and obligations into one organised view, so you can finally understand where you stand. - Work out whether an informal agreement makes sense
Not every situation is suited to informal arrangements. We help you understand when it may help — and when it won’t — so you don’t waste time or make things worse. - Prepare repayments that reflect real life
We help structure repayment discussions around what you can reasonably manage, not what feels impossible or unrealistic. - Handle creditor communication with confidence
Where appropriate, we support discussions with creditors so information is clear, accurate, and properly presented — reducing confusion and pressure. - Understand responses and what they really mean
Creditor replies can be unclear or intimidating. We explain what’s happening, what it means for you, and what options may come next. - Adjust when life changes
If your circumstances shift, we help you reassess and understand what alternatives or adjustments may be available.
Ongoing support & guidance
Debt situations rarely stay static — and neither does our support.
Informal debt agreements are voluntary and depend on creditor agreement. Terms may change, requests may be declined, or circumstances may shift over time.
We stay available to help you understand developments, reassess your position, and decide what to do next — so you’re not left second-guessing or feeling stuck.
What to consider before moving forward
It’s important to understand that informal debt agreements:
- Rely on creditor cooperation
- Are not legally binding under insolvency law
- May involve ongoing negotiation or review
- Can have credit reporting implications depending on creditor practices
We explain all of this clearly upfront, so you can move forward with your eyes open and confidence in your decisions.
Why people turn to Clear My Debts
People come to Clear My Debts because they want clarity before things get worse.
They want to understand:
- What their options actually are
- What risks they should be aware of
- What steps make sense right now
Our role is to give you that clarity — calmly, professionally, and without pressure.
No scare tactics.
No false promises.
Just structured guidance when you need it most.