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ACT On Payment Plan with Debt Cutter - What Happens After?

Discussion in 'Debt and Bankruptcy Law Forum' started by Pauline Ballard, 26 February 2016.

  1. Pauline Ballard

    Joined:
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    I am currently going through a company called Debt Cutter as I fell behind in my loan and credit card payments due to taking a year off work with various medical conditions. The documents have gone to AFSA for final approval and I am still waiting on hearing back.

    My questions are: does this mean I cannot, or it would be difficult to, get a rental property or buy a property in the future or for the 7 years I am paying this company back?

    my second question is: I am on a payment plan of $600 per fortnight based on the amount of money I owed various credit card companies. Once the payment plan is finished, will I be free of debt owing through the Debt Cutter company payment plan and unencumbered of all the credit card companies I owe the money to?

    Thank you.
     
  2. CathL

    CathL Well-Known Member

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    Once the debt is paid, that should be the end of your liability.
     

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