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We can freeze your interest and repayments

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

Reduce debts by up to 80%

Our experienced team will negotiate a settlement with your creditors on your behalf – and in some cases can save you up to 80% on your debts

We protect your credit rating

Because the debt is settled on mutually beneficial terms, we ensure there’s no defaults and no black marks.

We can freeze your interest and repayments

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

Reduce debts by up to 80%

Our experienced team will negotiate a settlement with your creditors on your behalf – and in some cases can save you up to 80% on your debts

We protect your credit rating

Because the debt is settled on mutually beneficial terms, we ensure there’s no defaults and no black marks.

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?

In return for having a lump sum payment upfront, creditors generally agree to write off the rest of the debt. This is called a full and final settlement and the outcome will depend on your personal and financial situation and the funds you have saved over the period. ChapterTwo has been able to negotiate settlements between 20c to 80c in the dollar.

HOW DOES IT HELP THE BANKS?

If you have more than one creditor, the lump sum will need to be divided amongst all your creditors by way of ‘pro-rata’ offers, so that no particular creditor is prioritised and each creditor gets a fair percentage of the money.

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

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 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

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

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

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

WHAT IS A FULL & FINAL SETTLEMENT?

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?

In return for having a lump sum payment upfront, creditors generally agree to write off the rest of the debt. This is called a full and final settlement and the outcome will depend on your personal and financial situation and the funds you have saved over the period. ChapterTwo has been able to negotiate settlements between 20c to 80c in the dollar.
A full

HOW DOES IT HELP THE BANKS?

A full & final settlement is 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. You may choose this option if you have come into some money. Sometimes a friend or relative offers to put forward a lump sum to help you pay off your creditors.

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

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 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

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

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

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

The first step towards a debt-free life. We learn about the stresses you face, review your current financial situation

We listen and learn

The first step towards a debt-free life. We learn about the stresses you face, review your current financial situation & formulate a plan to eliminate your debts.
We can stop the calls and deal with the banks, start negotiations with your creditors, act as your advocate at all times

Create room to breathe

We can stop the calls and deal with the banks, start negotiations with your creditors, act as your advocate at all times & look to freeze your interest.
We consult with your creditors to obtain a debt reduction with the aim to reach a full

We settle your debt

We consult with your creditors to obtain a debt reduction with the aim to reach a full & final settlement. Debt is settled on mutually beneficial terms to preserve your credit rating.
If you are unable to raise the funds required to settle your debts, we can place you into a long-term payment arrangement.

Long term payment

If you are unable to raise the funds required to settle your debts, we can place you into a long-term payment arrangement.
The first step towards a debt-free life. We learn about the stresses you face, review your current financial situation

We listen and learn

The first step towards a debt-free life. We learn about the stresses you face, review your current financial situation & formulate a plan to eliminate your debts.
We can stop the calls and deal with the banks, start negotiations with your creditors, act as your advocate at all times

Create room to breathe

We can stop the calls and deal with the banks, start negotiations with your creditors, act as your advocate at all times & look to freeze your interest.
We consult with your creditors to obtain a debt reduction with the aim to reach a full

We settle your debt

We consult with your creditors to obtain a debt reduction with the aim to reach a full & final settlement. Debt is settled on mutually beneficial terms to preserve your credit rating.
If you are unable to raise the funds required to settle your debts, we can place you into a long-term payment arrangement.

Long term payment

If you are unable to raise the funds required to settle your debts, we can place you into a long-term payment arrangement.

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