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Debt Management Plan

If you’re struggling to pay down your debts, our exclusive Debt Management Plan (DMP) may be for you. Our DMP can help reduce your overall outstanding debt amounts by pausing your interest and protecting your assets. It will give you a fixed period until your debts are cleared and ensure the required debt payment schedule is affordable, based on your budget. Once you engage us for a Debt Management Plan, harassing phone calls and recovery action from creditors will stop.

After engaging Lanyana Financial group, a Case Manager will be assigned to collect information for your DMP application to creditors. Your Case Manager will promptly request any required information from your creditors. Once your Case Manager has sent requests to your creditors, all creditor contact will be redirected to our office.

The information collected will help your Case Manager understand your circumstances to make an assessment on how best to address your debts. A tailored solution will then be prepared for you. Your DMP can take the form of a Debt Agreement (formal or informal), a debt settlement or a combination of both.

“I finally have relief and feel I can get on track and start taking care of my finances in a different way. Thank you for all your help and for allowing me to stop stressing and know that it’s all been taken care of by this top team.” - Gavin

Available for all Australians

Debt Management Plan Eligibility

To qualify for a Debt Management Plan, you just need to be experiencing financial hardship. In other words, you must be struggling to meet your creditor repayments as they fall due. At Lanyana Financial Group we understand that no two situations are the same, however common underlying causes of financial hardship often include:

  • Over commitment to credit which you can’t repay,
  • An unexpected job loss,
  • Unexpected medical or ongoing health issues,
  • Business/industry failure,
  • Financial consequences of a relationship breakdown, and
  • Approaching retirement with no ability to repay debts.

Our DMP can be tailored for anyone experiencing financial hardship. There are no minimum or maximum restrictions on the amount of debt you owe, value in assets you have or income you earn. These factors only play a role in the type of DMP recommended for your individual situation.

Our Debt Management Plan can be tailored to suit your individual circumstances, to help you get out of debt sooner.

Tailored solutions

Types of Debt Management Plans

At Lanyana Financial Group we understand everyone's circumstances are different, which is why we offer a range of solutions under our Debt Management Plan. This ensures the outcome achieved for you is suitable and sustainable.

Debt Agreement

A Part 9 Debt Agreement will combine your debts into one, affordable repayment over 3 to 5 years.

Debtstroyer Agreement

A Debtstroyer Agreement (Informal Agreement) will reduce your repayments and pause or reduce interest on your debts.

Debt Settlement

If you have a lump sum but can't afford to pay your debts in full, a Debt Settlement can assist.

Agribusiness

Our Agribusiness Arrangement is a flexible arrangement designed to help if you've been caught up in a failed agribusiness loan scheme.

Moratorium

A Moratorium is designed to pause or reduce repayments and interest over a short-term period from 3 to 12 months.

Loan Renegotiation

We can renegotiate your loan terms to reduce interest and increase the loan term - reducing the minimum loan repayments.

“My experience once being handed over to the Lanyana financial group has been easy and I’ve been updated frequently on progress and next steps. Very happy with the service.” - Chloe

Real assistance

Benefits of a Debt Management Plan

  • Provides you with a viable alternative to Bankruptcy and the consequences and limitations it carries.
  • We negotiate with your creditors on your terms – not theirs. This allows us to reach a fair outcome between you and your creditors affordably service your debts.
  • Combines your debts into one, affordable repayment based on your budget, giving you control of your finances and making it easier to manage.
  • Stops harassing phone calls from creditors. Once they know we are working with you to find a solution, by law they must not further pursue you.
  • Allows you to significantly reduce the total debt amount you would have repaid to your creditors. We can generally negotiate a debt reduction of up to 80% for our clients.
  • Provides flexibility when your financial situation improves.
  • Your budget – including living expenses and secured creditor payments are prioritised before considering what can be offered to creditors. As a result, your assets are protected.

Our experienced debt specialists will guide you through the Debt Management Plan process, from start to finish.

What really counts

The Lanyana Difference

Lanyana Financial Group is a specialist financial company helping people move forward financially. We support Australian businesses and individuals with debt management and lending solutions.

Diversity

We offer an inclusive environment for all staff which is accepting of their differences, embraces their strengths and provides opportunities to achieve their full potential.

Holistic

We provide a holistic approach to financial freedom. We can help all Australians, no matter their situation and guide them through their solution from start to finish.

Australian Owned

Lanyana Financial Group is proudly Australian owned and operated. With a focus on customer service, our caring staff are always available to speak with our clients.

Tailored

We pride ourselves on offering tailored financial solutions to help Australian’s move forward financially. No two people are the same and neither are our solutions.

Transparent

Clear, unhindered honesty in the way we do business. In a time of financial hardship, our clients need reliable advice, clear information and respect. That’s what we offer.

Professional

Lanyana Financial Group is committed to professionalism. We maintain our integrity in our interactions with our clients, their creditors and our corporate partners.

“Right from the initial contact through to the final submission of the documents, I found the entire experience to be great. The knowledge and advice of those with whom I spoke was reassuring and helped me to feel confident I was making the right decision.” - Denis

They're good

Our Articles

For more information on our Debt Management Plan, explore our range of articles below.

Debt Management Plan: A Guide to Curb Your Debt

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3 Debt Reduction Strategies to Eliminate Your Debt

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The Ultimate Guide to Dealing with Debt Collectors

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Don’t wait for your debt to get worse. Take the stress out of your finances today with a tailored Debt Management Plan.

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