We can freeze your interest and repayments
Reduce debts by up to 80%
We protect your credit rating
We can freeze your interest and repayments
Reduce debts by up to 80%
We protect your credit rating
What is a Full & Final Settlment?
A Full & Final settlement involves negotiating an agreement with your creditors for a final settlement by offering a reduced lump sum to close your debts, rather than paying the full amount.
In most cases we are able to freeze the interest and repayments on your debts for a period of time – allowing you to save the money required to settle with your creditors.
This option is also suitable if you have come into some money or a friend or relative offers to put forward the lump sum.
HOW WILL IT HELP ME?
HOW DOES IT HELP THE BANKS?
Case Study – The Artist
Debt – $28,000 in credit cards
Solution – Full and final settlement
Overview
Our 60-year-old client was experiencing financial hardship, due to significant decline in commissions for his art work. His financial situation had been deteriorating for a few years, however it wasn’t obvious to our client, as the rollercoaster ride he had been on had become a normal part of his life.
So he ploughed on as usual making artworks and using credit cards to cover his expenses, hoping things would get better, because they had done so in the past. Unfortunately, the latter year turned out to be a very tough one. Virtually no rewards for all his efforts – just more expenses.
Furthermore, there were no suitable employment prospects in the region our client lived in. Feeling despondent and hopeless at not being able to meet is living needs, plus meet his debt obligations, our client turned to ChapterTwo for help.
How we helped

Negotiated with his creditors for a 6 months freeze on interest and repayments

We provided breathing space and peace of mind for our client, allowing him to focus on his future goals

We were able to negotiate debt reductions with his creditors

Full and final settlement agreement was reached at an average of 45cents in the dollar

This meant a 45% lump sum payment (approx $12,500) was required to close all his debts
WHAT IS A FULL & FINAL SETTLEMENT?
HOW WILL IT HELP ME?

HOW DOES IT HELP THE BANKS?
Case Study – The Artist
Debt – $28,000 in credit cards
Solution – Full and final settlement
Overview
Our 60-year-old client was experiencing financial hardship, due to significant decline in commissions for his art work. His financial situation had been deteriorating for a few years, however it wasn’t obvious to our client, as the rollercoaster ride he had been on had become a normal part of his life.
So he ploughed on as usual making artworks and using credit cards to cover his expenses, hoping things would get better, because they had done so in the past. Unfortunately, the latter year turned out to be a very tough one. Virtually no rewards for all his efforts – just more expenses.
Furthermore, there were no suitable employment prospects in the region our client lived in. Feeling despondent and hopeless at not being able to meet is living needs, plus meet his debt obligations, our client turned to ChapterTwo for help.
How we helped

This meant a 45% lump sum payment (approx $12,500) was required to close all his debts

We provided breathing space and peace of mind for our client, allowing him to focus on his future goals

We were able to negotiate debt reductions with his creditors

Full and final settlement agreement was reached at an average of 45cents in the dollar

This meant a 45% lump sum payment (approx $12,500) was required to close all his debts

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

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