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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.

No Debt Agreements. No Bankruptcy

Debt Agreements, or Part IX Agreements, are legally binding contracts which are an act of bankruptcy. You should never accept bankruptcy as an option.

Full Support

Our team is passionate about, and dedicated to solving your debt problem. We appreciate the mental and emotional stress that this can cause and are here to help you throughout the entire process.

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.

No Debt Agreements. No Bankruptcy

Debt Agreements, or Part IX Agreements, are legally binding contracts which are an act of bankruptcy. You should never accept bankruptcy as an option.

Full Support

Our team is passionate about, and dedicated to solving your debt problem. We appreciate the mental and emotional stress that this can cause and are here to help you throughout the entire process.

What is a Long Term Arrangement?

A Long Term Arrangement 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.

 

How we help

Firstly, we begin by reassessing your personal

Re-evaluate your Personal and Financial Position

Firstly, we begin by reassessing your personal & financial position to understand what’s possible.
We then assist by helping you to understand and compile all relevant supporting documentation required and then prepare your Proposal(s) to enter into a long-term payment arrangement with your creditors

Compile all relevant supporting documentation

We then assist by helping you to understand and compile all relevant supporting documentation required and then prepare your Proposal(s) to enter into a long-term payment arrangement with your creditors
We utilise our in-depth knowledge of Australian Consumer

We negotiate your new arrangement

We utilise our in-depth knowledge of Australian Consumer & Credit Law and policies of Financial Services Providers to negotiate the best possible terms for your long-term arrangement

Case Study – The Pregnant Pause


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.

 

How we helped

We negotiated with the six creditors on his behalf and reached a Long Term Arrangement that our client could afford

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

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

Our client now pays the principle off over the next 7 years

What is a Long Term Arrangement?

A Long Term Arrangement 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.

 

How we help

Firstly, we begin by reassessing your personal

Re-evaluate your Personal and Financial Position

Firstly, we begin by reassessing your personal & financial position to understand what’s possible.
We then assist by helping you to understand and compile all relevant supporting documentation required and then prepare your Proposal(s) to enter into a long-term payment arrangement with your creditors

Compile all relevant supporting documentation

We then assist by helping you to understand and compile all relevant supporting documentation required and then prepare your Proposal(s) to enter into a long-term payment arrangement with your creditors
We utilise our in-depth knowledge of Australian Consumer

We negotiate your new arrangement

We utilise our in-depth knowledge of Australian Consumer & Credit Law and policies of Financial Services Providers to negotiate the best possible terms for your long-term arrangement

Case Study – The Pregnant Pause


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.

 

How we helped

We negotiated with the six creditors on his behalf and reached a Long Term Arrangement that our client could afford

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

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

Our client now pays the principle off over the next 7 years

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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