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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).

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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.

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How do we help?

Firstly, we begin by reassessing your personal & financial position to understand what’s possible.

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 & Credit Law and policies of Financial Services Providers to negotiate the best possible terms for your long-term arrangement

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
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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!

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 a Long Term Arrangement work?

Navigate your way to the page which best suits your financial situation.

Find your problem

Find your problem

Next, use our live-chat, fill out an enquiry form or call 1300 344 433

Speak to us

Speak to us

We then request a few easy steps to get the ball rolling.

Prepare your information

Prepare your information

Whether you are in debt, or you are looking for a mortgage solution – we will always find a way to help YOU

We settle your situation

We settle your situation

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.

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

eBook:

Why You Should Never Accept a
Part IX Debt Agreement