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from my experienes it lasts 7 years and gives you the exact same credit rating as BANKRUPTCY.... it dosent help what so ever. Consolidate your loans instead....

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Q: How long does a Australian Part 9 debt agreement last on your Veda credit record?
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What is the purpose of a Part 9 Debt Agreement?

The Part Nine Debt Agreement states that the debt agreement shall appear in one's credit history for seven years. In addition, the debtor's name will be on the NPII list forever.


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