Australia's No.1 Retailer
Free Shipping to Australia's East Coast
Based in Sydney's Rushcutters Bay
We can freeze your interest and repayments
No Debt Agreements. No Bankruptcy
Full Support
What is a Long Term Arrangement?
A Long Term Arrangement involves negotiating an agreement with your creditors to vary your credit contract, with affordable monthly repayments, to pay off your debts over a longer period of time.
The benefit of a LTA is that the interest is frozen and you only have to repay the principle back. However, at times some creditors reduce the interest rates, rather than waive them. In most cases the creditors will freeze the interest on the accounts and you will be required to pay a set amount each month for 5 to 7 years, until the debt is repaid in full. Please note this is not a Part 9 or 10 debt agreement.
How we help
Re-evaluate your Personal and Financial Position
Compile all relevant supporting documentation
We negotiate your new arrangement
Case Study – The Pregnant Pause
Debt – $90,000 in Credit Card & Personal Loans
Solution – Long Term Arrangement
Overview
Our client started experiencing financial hardship when his wife fell pregnant with their first child and faced complications during the whole pregnancy and after the birth of their child. This warranted ongoing medical attention and she wasn’t able to work.
Our client wanting to do whatever it takes applied for credit cards and personal loans to get by and fell into the trap of using his credit facilities to cover medical costs and the shortfall in income due to his wife not working.
Soon his financial situation spiralled out of control and our client was unable not meet his debt repayment obligations. This significantly impacted our clients mental state, as being the sole provider for the family this placed significant amount of stress on him. Feeling trapped and stressed with the constant bombardment of phone calls from debt collections departments, our client contacted ChapterTwo for help.
How we helped
We negotiated with the six creditors on his behalf and reached a Long Term Arrangement that our client could afford
The interest was waived on most of his debts and significantly reduced on the rest
Our client now pays the principle off over the next 7 years
What is a Long Term Arrangement?
A Long Term Arrangement involves negotiating an agreement with your creditors to vary your credit contract, with affordable monthly repayments, to pay off your debts over a longer period of time.
The benefit of a LTA is that the interest is frozen and you only have to repay the principle back. However, at times some creditors reduce the interest rates, rather than waive them. In most cases the creditors will freeze the interest on the accounts and you will be required to pay a set amount each month for 5 to 7 years, until the debt is repaid in full. Please note this is not a Part 9 or 10 debt agreement.
How we help
Re-evaluate your Personal and Financial Position
Compile all relevant supporting documentation
We negotiate your new arrangement
Case Study – The Pregnant Pause
Debt – $90,000 in Credit Card & Personal Loans
Solution – Long Term Arrangement
Overview
Our client started experiencing financial hardship when his wife fell pregnant with their first child and faced complications during the whole pregnancy and after the birth of their child. This warranted ongoing medical attention and she wasn’t able to work.
Our client wanting to do whatever it takes applied for credit cards and personal loans to get by and fell into the trap of using his credit facilities to cover medical costs and the shortfall in income due to his wife not working.
Soon his financial situation spiralled out of control and our client was unable not meet his debt repayment obligations. This significantly impacted our clients mental state, as being the sole provider for the family this placed significant amount of stress on him. Feeling trapped and stressed with the constant bombardment of phone calls from debt collections departments, our client contacted ChapterTwo for help.
How we helped
We negotiated with the six creditors on his behalf and reached a Long Term Arrangement that our client could afford
The interest was waived on most of his debts and significantly reduced on the rest
Our client now pays the principle off over the next 7 years
We listen and learn
Create room to breathe
We settle your debt
Long term payment
We listen and learn
Create room to breathe
We settle your debt
Long term payment
Rest assured, this form is not a commitment or contract, it just allows us to contact you for a quick chat as soon as we can
CALL 1300 344 433
Speak to our experienced consultants
SPEAK TO US NOW
Use our live-chat!
REQUEST A CALLBACK
Fill in our online form!