Help your client’s avoid insolvency

Do you have any clients that are experiencing issues with any personal or business debts?

Help your client’s avoid insolvency

Do you have any clients that are experiencing issues with any personal or business debts?

Referrer Benefits

Referrer Benefits

Help Your Clients

We settle your client’s unsecured debts at a significantly reduced amount – by offering an upfront payment to their creditors by refinancing your existing mortgage.

Avoid Insolvency

We specialise in informal debt negotiation, and can help your clients to avoid formal insolvency appointments.

Cross-Referral Relationship

You retain your client at all times. We have come across a number of enquiries relating to account/tax management that we can look to refer. 

Reduce your client's debts by up to 80%

We cater for all types and sizes of debt. We learn about your client’s financial situation, freeze their interest and repayments, then formulate a plan to eliminate their debt.

We protect your client's credit rating

Because the debt is settled on mutually beneficial terms, we ensure there are no defaults on your client’s file.

No Debt Agreements

Debt Agreements, or Part IX Agreements, are legally binding contracts which are an act of bankruptcy. You should never accept bankruptcy as an option.

What is a Debt Negotiation Refinance?

A debt negotiation refinance by definition is when unsecured debts are settled at a reduced amount with an upfront payment through the refinance of our client’s property. For Example:

What is a Debt Negotiation Refinance?

A debt negotiation refinance by definition is when unsecured debts are settled at a reduced amount with an upfront payment through the refinance of our client’s property. For Example:

Example

 

  • Client has a $600,000 property
  • Mortgage is $450,000
  • Current Debts: $80,000

 

If the broker was to try to refinance all of the unsecured debts the new LVR would be 88.33% which most lenders would not accept due to high levels of unsecured debts.

Solution

 

  • Chapter Two works with specialist lenders to obtain a pre-approval for the refinance on the basis the unsecured debts are settled, and the new loan amount is at 80% LVR.

  • Chapter Two will negotiate with the client’s creditors to achieve these settlement figures through our highly skilled negotiation team.

  • On $80,000 of debt we will need to settle at 37.5c in the dollar which leaves $30,000 to be rolled into the new loan

The New Loan

Client has a $600,000 property  |  Mortgage is $480,000  |  Current Debts: $0

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The Negotiation Process

The Negotiation Process

The first step towards a debt-free life 

We listen and learn

The first step towards a debt-free life 
We learn about the financial stresses your client is facing
We learn about the financial stresses your client is facing
We review their current financial situation
We review their current financial situation
We formulate a plan to negotiate their debts
We formulate a plan to negotiate their debts
We apply for pre-approval on a mortgage refinance
We apply for pre-approval on a mortgage refinance
We stop the calls and deal with the banks

Create room to breathe

We stop the calls and deal with the banks
We then start negotiations with your client's creditors
We then start negotiations with your client’s creditors
We act as their advocate at all times
We act as their advocate at all times
We freeze the interest on their debts to give them much needed breathing space
We freeze the interest on their debts to give them much needed breathing space
Next, we follow your plan to help get your client's out of debt

We settle your debt

Next, we follow your plan to help get your client’s out of debt
Our dedicated negotiation team consults with your client's creditors to obtain a debt reduction tailored to their financial situation
Our dedicated negotiation team consults with your client’s creditors to obtain a debt reduction tailored to their financial situation
Debt is settled on mutually beneficial terms to preserve your client's credit rating
Debt is settled on mutually beneficial terms to preserve your client’s credit rating
Debts are settled by paying them out in full by using the equity in your client's home
Debts are settled by paying them out in full by using the equity in your client’s home

CALL 1300 344 433 <P>Speak to our experienced consultants

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