Difference between debt waiver and debt write off

There is a subtle difference between a debt waiver and a debt write off. If you don’t know the difference and make the wrong choice, you could end up falling into a financial trap which could have a negative impact on your future borrowing capacity.

Let’s just say, going down the path of a debt write off, doesn’t mean all your financial troubles are over.

You can receive free financial counselling through Better Place Australia if you live in a funded area. We have helped many clients who’ve needed forgiveness for debts.

Watch Better Place Australia financial counsellor, Christine, share a snapshot in the video case study below.

For a more detailed account, listen to the podcast version.

Better Place Australia free financial counselling

The mission of Better Place Australia is to empower people to become more resilient, enjoy healthier relationships and support them through challenging times. When it comes to finance troubles, Better Place Australia free financial counselling is accessible if you live in one of the many funded areas across Victoria. For help, contact us today.

For more real stories about people with financial troubles and how our financial counsellors mediated for them, go to the Financial First Aid website and scroll down to Real Stories.