Debt consolidation involves transferring multiple debt balances into one payment with the view to save money and time.

Presently, financial times are harsh and debt consolidation is in high demand. With increased levels of risk, traditional lending institutions have become wary of offering consolidation loans to applicants that do not meet traditional lending requirements.

For people struggling financially and considering bankruptcy, and cant get a consolidation loan through traditional means, a debt agreement may be a feasible option.

As a form of debt consolidation, Debt Agreements are for people who want to regain control of their financial situation.

As a Government Registered Debt Agreement Administrator, Debt fix help debtors settle their debts by negotiating an affordable repayment plan.

For some, bankruptcy is the only logical option; however for many people struggling to make ends meet in this onerous financial climate, a debt agreement could represent a viable alternative.

Click here to check out this article to see how Aussie's are dealing with the financial times: