Australia currently has record high levels of debt, more and more people get into a situation where they struggle to meet their repayments. Many people cannot find the support they need. They may accumulate more debt, borrow from family or friends, turn to Payday Lenders, end up declaring Bankruptcy or even lose their home. We believe that it is important to provide a free service to people who need this support. If you want to explore options other than a Bankruptcy or Part 9 Debt Agreement, Way Forward will look at alternatives to help you return to financial stability.
Way Forward was established through a partnership between the community sector and the financial sector. This included representatives from Social Ventures Australia, Thriving Communities Partnership, the Australian Banking Association, ANZ, NAB, Commonwealth Bank, Westpac, Bank of Melbourne, BankSA, St.George and Bankwest.