Long Term Arrangement
A Long Term Arrangement is when we negotiate a permanent freeze on the interest, allowing you to pay your debts back over a 5 year period – all with one easy payment! This WILL NOT default your credit file (like a Part IX Debt Agreement).
A first in Australia, ChapterTwo has developed an app for you to manage your debts all in one place.
What is a Long Term Arrangement?
A Long Term Arrangement (LTA) 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.
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.
How do we help?
Re-evaluate your personal and financial position
Compile all relevant supporting documentation
We negotiate your new arrangement
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!
View your live credit score
Stop the calls
We protect your credit rating
No Debt Agreements
Freeze interest & repayments
Reduce debts by up to 80%
Full Support
The Process
How does a Long Term Arrangement work?
Find your problem
Navigate your way to the page which best suits your financial situation.
Speak to us
Next, use our live-chat, fill out an enquiry form or call 1300 344 433
Prepare your information
We then request a few easy steps to get the ball rolling.
We settle your situation
Whether you are in debt, or you are looking for a mortgage solution – we will always find a way to help YOU
Recent Case Studies
The Pregnant Pause
Case Study 2
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.