Debt Help to Take Back Control

When repayments, overdue bills or creditor calls feel hard to manage, a personalised plan can ease the pressure and help you reduce debt faster.

MyBudget has been helping Australians manage money since 1999, and more than 130,000 people have used the service. In MyBudget's 2026 client survey of 741 respondents, 9 in 10 clients reported less financial stress.

Your first appointment is free, it is confidential, and there are no long-term lock-in contracts. Call 1300 300 922.

Start with the free options

Before considering any paid service, it is worth knowing that free help exists. The Australian Government funds the National Debt Helpline on 1800 007 007, which provides free, independent and confidential financial counselling. ASIC's MoneySmart website also publishes free, government-backed guidance on debt.

MyBudget's own debt-agreement page says the same thing. Speaking to anyone — including MyBudget — does not commit you to a course of action.

How MyBudget approaches debt

MyBudget does not lend you money to clear debt, and it does not make debt disappear. It builds a realistic 12-month budget that maps your income, bills, living costs and repayments together, so debt comes down without the electricity bill quietly falling over in the process.

Your bills and repayments can then be scheduled and paid for you, and a Money Coach adjusts the plan when your circumstances change.

The debt solutions MyBudget covers

Creditor negotiation

Experienced staff negotiate directly with your banks and creditors to seek manageable repayments or reduced interest where possible, and to reduce the constant contact.

Credit card debt help

Credit card debt is among the most expensive to carry. A personalised plan targets it within a budget you can actually sustain.

Debt consolidation

Combining eligible debts into a single loan can simplify repayments. Whether it suits you depends on your rate, fees and circumstances — it is not automatically cheaper, and it is explored rather than assumed.

Debt agreements

A Part 9 debt agreement is a formal insolvency arrangement under the Bankruptcy Act. It is a significant step with long-term consequences, so it is worth understanding the alternatives first. See the debt agreement page for detail.

Bankruptcy guidance

Bankruptcy is the last formal option and carries the heaviest consequences. Where it is genuinely the right path, MyBudget can help you get your paperwork together and build a clean budget for the other side.

Working on your credit position

Staying on top of repayments supports a healthier credit position over time. No service can remove accurate information from your credit file.

What a client outcome can look like

Kim and Bob, MyBudget clients, paid off $28,000 in 13 months. Their story is on the client stories page.

Individual results depend on your income, your debts and your circumstances. A budget cannot create money that is not there — what it does is make the money you have work in the right order.

Where MyBudget's limits are

MyBudget is a budgeting and money management service. It is not a licensed financial adviser and does not provide personal advice about investments, superannuation, insurance or financial products. If that is what you need, speak to a licensed financial adviser.

MyBudget is also not a registered debt agreement administrator. If a Part 9 debt agreement looks suitable, MyBudget explains the next steps and can connect you with its sister company MyDebtSolutions, which is a registered debt agreement administrator and would assess eligibility, explain the fees and consequences, prepare the proposal and lodge it with AFSA.

What it costs

The first appointment and your personalised 12-month budget are free, and the budget is yours to keep.

If you join, MyBudget charges an establishment fee spread across your initial 12-month budget, plus an ongoing weekly administration fee. Both are shown in your proposed budget before you join. There are no hidden costs and no long-term lock-in contracts.

Take the first step

Call 1300 300 922 for a free, confidential, no-obligation appointment. It takes about ten minutes, and you will come away with a clear picture of your options — including the free ones.