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Informal Debt Agreement

An Informal Debt Agreement is when we negotiate a permanent freeze on your interest – allowing you to pay your debts back over a 5 year period, all with one easy payment! Unlike a Part IX Debt Agreement, this WILL NOT default your credit file.

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Informal Debt Agreement

An Informal Debt Agreement is when we negotiate a permanent freeze on your interest – allowing you to pay your debts back over a 5 year period, all with one easy payment! Unlike a Part IX Debt Agreement, this WILL NOT default your credit file.

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 Informal Debt Agreement?

In simple terms, an Informal Agreement is a payment plan put in place with your creditors without impacting your credit file. In general, the interest is frozen and the debt is paid off between 3 – 5 years.

An Informal Debt Arrangement is not a formal agreement recognised by legislation. It is an agreement between you and your creditor.

It allows you to resolve your debt issues without suffering the harsh consequences of Part 9 Debt Agreement or Bankruptcy and does not impact your credit file. Once you enter into an Informal Debt Agreement, your creditors cease recovery actions and those harassing collection calls cease.

The great thing about an informal debt arrangement is that you will not be listed on the National Personal Insolvency Register for life and there are no restrictions on your income, travel, homeowner status, employment licenses and being a director of a company.

How do we help?

Informal Agreements are not listed on your credit file.

No impact to your credit score

Informal Agreements are not listed on your credit file.
In an Informal Agreement your interest and fees are generally stopped, so every dollar you pay is reducing your debt.

Stop interest and fees

In an Informal Agreement your interest and fees are generally stopped, so every dollar you pay is reducing your debt.
ChapterTwo will be your authorised representative and will deal with your creditors directly taking the stress out of answering your phone.

Stop the calls

ChapterTwo will be your authorised representative and will deal with your creditors directly taking the stress out of answering your phone.
Informal agreements do not effect your employment. You do not have to disclose that you are in an informal agreement as it is set up directly with your creditors.

No effect on your employment

Informal agreements do not effect your employment. You do not have to disclose that you are in an informal agreement as it is set up directly with your creditors.
Rental agencies ask during an application whether you are subject to any form of insolvency. Informal Agreements 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. Informal Agreements do not effect your ability to rent.
As you will be regularly paying the debt down over 3 – 5 years, you will be in a position to apply for a home loan given the consistent payments which will increase your credit score.

Regular repayment history

As you will be regularly paying the debt down over 3 – 5 years, you will be in a position to apply for a home loan given the consistent payments which will increase your credit score.
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What is an Informal Debt Agreement?

In simple terms, an Informal Agreement is a payment plan put in place with your creditors without impacting your credit file. In general, the interest is frozen and the debt is paid off between 3 – 5 years.

An Informal Debt Arrangement is not a formal agreement recognised by legislation. It is an agreement between you and your creditor.

It allows you to resolve your debt issues without suffering the harsh consequences of Part 9 Debt Agreement or Bankruptcy and does not impact your credit file. Once you enter into an Informal Debt Agreement, your creditors cease recovery actions and those harassing collection calls cease.

The great thing about an informal debt arrangement is that you will not be listed on the National Personal Insolvency Register for life and there are no restrictions on your income, travel, homeowner status, employment licenses and being a director of a company.

How do we help?

Informal Agreements are not listed on your credit file.

No impact to your credit score

Informal Agreements are not listed on your credit file.
In an Informal Agreement your interest and fees are generally stopped, so every dollar you pay is reducing your debt.

Stop interest and fees

In an Informal Agreement your interest and fees are generally stopped, so every dollar you pay is reducing your debt.
ChapterTwo will be your authorised representative and will deal with your creditors directly taking the stress out of answering your phone.

Stop the calls

ChapterTwo will be your authorised representative and will deal with your creditors directly taking the stress out of answering your phone.
Informal agreements do not effect your employment. You do not have to disclose that you are in an informal agreement as it is set up directly with your creditors.

No effect on your employment

Informal agreements do not effect your employment. You do not have to disclose that you are in an informal agreement as it is set up directly with your creditors.
Rental agencies ask during an application whether you are subject to any form of insolvency. Informal Agreements 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. Informal Agreements do not effect your ability to rent.
As you will be regularly paying the debt down over 3 – 5 years, you will be in a position to apply for a home loan given the consistent payments which will increase your credit score.

Regular repayment history

As you will be regularly paying the debt down over 3 – 5 years, you will be in a position to apply for a home loan given the consistent payments which will increase your credit score.
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Download our app & watch your balance decrease without interest compounding

This app is the first of its kind in Australia. See your debts in one place without having to login to numerous internet banking sites!

chaptertwo app in mob
Just one regular payment!

Just one regular payment!

View your live credit score

View your live credit score

Stop the calls

Stop the calls

We protect your credit rating

We protect your credit rating

No Debt Agreements

No Debt Agreements

Freeze interest & repayments

Freeze interest & repayments

Reduce debts by up to 80%

Reduce debts by up to 80%

Full Support

Full Support

chaptertwo app in mob
c2 favicon

Download our app & watch your balance decrease without interest compounding

This app is the first of its kind in Australia. See your debts in one place without having to login to numerous internet banking sites!

Just one regular payment!

Just one regular payment!

View your live credit score

View your live credit score

Stop the calls

Stop the calls

We protect your credit rating

We protect your credit rating

No Debt Agreements

No Debt Agreements

Freeze interest & repayments

Freeze interest & repayments

Reduce debts by up to 80%

Reduce debts by up to 80%

Full Support

Full Support

The Process

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How does an Informal Debt Agreement 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 an Informal Agreement 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 is affordable to you.

We assess your situation

We assess your situation

We negotiate directly with your creditors. We start by placing your accounts on hold for 6 months. After the initial 6 months we put forward the Informal Agreement proposal to your creditors.

We place your accounts on hold

We place your accounts on hold

We negotiate the agreement with your creditors and ensure it is affordable for you.

We negotiate your agreement

We negotiate your agreement

c2 favicon

How does an Informal Debt Agreement 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 an Informal Agreement 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 is affordable to you.

We place your accounts on hold

We place your accounts on hold

We negotiate directly with your creditors. We start by placing your accounts on hold for 6 months. After the initial 6 months we put forward the Informal Agreement proposal to your creditors.

We negotiate your agreement

We negotiate your agreement

We negotiate the agreement with your creditors and ensure it is affordable for you.

Recent Case Studies

The Pregnant Pause

Debt $90,000 in Credit Card & Personal Loans
Solution – Informal Debt Agreement

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 5 years

Recent Case Studies

pregnant case study mob-1

The Pregnant Pause

Debt $90,000 in Credit Card & Personal Loans
Solution – Informal Debt Agreement

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

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.