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Full & Final Settlement

A Full & Final Settlement is an offer made to your creditors to settle the debt with a one off payment – at a reduction. This one-off payment will write off a large portion of your debt without defaulting your credit file. Contact us to see if a Full & Final Settlement is right for you.

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Full & Final Settlement

A Full & Final Settlement is an offer made to your creditors to settle the debt with a one off payment – at a reduction. This one-off payment will write off a large portion of your debt without defaulting your credit file. Contact us to see if a Full & Final Settlement is right for you.

Debt wiped
Australians helped
Interest saved
Saved from bankruptcy
80m+

Debt wiped

6k+

Australians helped

30m+

Interest saved

6k+

Saved from bankruptcy

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What is an 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 do we help?

Full & Final Settlements are not listed on your credit file

No impact to your credit score

Full & Final Settlements are not listed on your credit file
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

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
When we are engaged we contact your creditors to put a stop to the interest and fees if you are experiencing financial difficulty.

Stop interest and fees

When we are engaged we contact your creditors to put a stop to the interest and fees if you are experiencing financial difficulty.
Full & Final Settlements do not effect your employment.

No effect on your employment

Full & Final Settlements do not effect your employment.
Rental agencies ask during an application whether you are subject to any form of insolvency. Full & Final Settlements do not effect your ability to rent.

Get a rental property

Rental agencies ask during an application whether you are subject to any form of insolvency. Full & Final Settlements do not effect your ability to rent.
c2 favicon

What is an 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 do we help?

Full & Final Settlements are not listed on your credit file

No impact to your credit score

Full & Final Settlements are not listed on your credit file
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

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
When we are engaged we contact your creditors to put a stop to the interest and fees if you are experiencing financial difficulty.

Stop interest and fees

When we are engaged we contact your creditors to put a stop to the interest and fees if you are experiencing financial difficulty.
Full & Final Settlements do not effect your employment.

No effect on your employment

Full & Final Settlements do not effect your employment.
Rental agencies ask during an application whether you are subject to any form of insolvency. Full & Final Settlements do not effect your ability to rent.

Get a rental property

Rental agencies ask during an application whether you are subject to any form of insolvency. Full & Final Settlements do not effect your ability to rent.

The Process

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How does a Full & Final Settlement work?

Everything you need to know in just 5 easy steps!

Call ChapterTwo on 1300 344 433 or submit a contact form and we will call you at a time that best suits you. We will evaluate your situation so that we can make sure a Full & Final Settlement is right for you.

Get in touch with ChapterTwo

Get in touch with ChapterTwo

After reviewing our proposal you engage ChapterTwo to be your authorised representative and to act on your behalf.

Engage with us

Engage with us

We assess your financial situation and determine what amounts you are able to offer each of your creditors.

We assess your situation

We assess your situation

We negotiate the settlements with your creditors and obtain a payout figure.

We negotiate

We negotiate

The settlement is paid and the remaining debt is written off by the creditors.

You settle your debt

You settle your debt

c2 favicon

How does a Full & Final Settlement work?

Everything you need to know in just 5 easy steps!

Get in touch with ChapterTwo

Get in touch with ChapterTwo

Call ChapterTwo on 1300 344 433 or submit a contact form and we will call you at a time that best suits you. We will evaluate your situation so that we can make sure a Full & Final Settlement is right for you.

Engage with us

Engage with us

After reviewing our proposal you engage ChapterTwo to be your authorised representative and to act on your behalf.

We assess your situation

We assess your situation

We assess your financial situation and determine what amounts you are able to offer each of your creditors.

We negotiate

We negotiate

We negotiate the settlements with your creditors and obtain a payout figure.

You settle your debt

You settle your debt

The settlement is paid and the remaining debt is written off by the creditors.

Recent Case Studies

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

Recent Case Studies

artist mob case study-1

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

eBook:

Why You Should Never Accept a
Part IX Debt Agreement

eBook:

Why You Should Never Accept a Part IX Debt Agreement

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Take control of your debt today

The journey to financial freedom is just 60-seconds away. Simply fill in the form below to get started.
Once completed we will be in touch with a plan to start reducing your debts. 

c2 favicon

Take control of your debt today

The journey to financial freedom is just 60-seconds away. Simply fill in the form below to get started. Once completed we will be in touch with a plan to start reducing your debts.