Case study

How Amanda reduced her debt by 30% and regained financial stability

Informal Agreement
Initial debt
$30,000
Outcome
Debt free
in five years

Key results at a glance

Results that speak for themselves
$30,000
Total debt managed
$9,000
Total debt reduction
1
Manageable repayment plan

The challenge

Despite returning to work, the compounding effects of everyday expenses made it impossible for Amanda to catch up on the debts she accrued while unemployed.

Unexpected hardship

A brief period of unemployment forced Amanda to rely heavily on emergency credit cards just to cover basic needs.

Compounding expenses

The rising cost of living squeezed her budget, leaving little room to make a dent in her balances.

Mounting debt

Her mixed debts quickly grew to $30,000, creating overwhelming financial stress.

Interest accumulation

High interest rates meant her balances remained stagnant, trapping her in a cycle of debt despite her best efforts to pay them down.

The solution

After reviewing Amanda’s situation, we identified that an Informal Agreement would provide the necessary breathing room and a structured path to recovery without formal insolvency.

Comprehensive financial assessment

We evaluated Amanda’s current affordability, taking into account the rising cost of living and her single-income household.

Practical guidance

We provided a clear overview of how an Informal Agreement works to restructure debt without entering bankruptcy or a Part IX agreement.

Tailored solutions

We negotiated directly with her creditors, clearly explaining her situation to secure a realistic repayment plan based on her actual budget.

Complete transparency

We ensured Amanda fully understood the terms of her Informal Agreement, providing complete clarity on her fixed $110 weekly repayments and her exact 5-year timeline to become completely debt-free without any accumulating interest.

Why this approach worked

Getting started is easy and straightforward

Reason 1

Significant debt reduction & interest Freeze

By establishing an Informal Agreement, we successfully negotiated Amanda’s total obligations down from $30,000 to approximately $21,000. Not only did she save $9,000, but we also got all ongoing interest removed, stopping the debt cycle in its tracks.

Reason 2

Simplified financial management

Instead of struggling with mixed debts and unpredictable minimum payments, Amanda now makes a single, affordable repayment of just $110 per week. This realistic 5-year plan fits comfortably within her budget and living expenses.

The result

Amanda successfully entered an Informal Agreement, experiencing immediate financial relief. By securing a 30% reduction and removing all interest, she regained her financial stability and now has a stress-free, realistic framework to become entirely debt-free in five years.

Before
After
Improvement
Total debt
$30,000
~$21,000
$9,000 reduced (30%)
Interest rate
High, compounding rates
0%
All interest removed
Number of payments
Multiple unpredictable payments
1 consolidated plan
$110/week for 5 years
Financial status
Struggling with cost of living
Stable and structured
Regained financial stability

Additional benefits

A comprehensive approach to your financial recovery

Improved financial standing through a consistent single payment history

Mental clarity and reduced financial stress

Ability to manage the rising cost of living with freed-up cash flow

On track to be completely debt-free in five years

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What our customers are saying

Very helpful consolidating my bills into one. Very happy with the final outcome of being debt free. They helped me make repayments more affordable.

Anonymous
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Very happy with my outcome Nick was very helpful taking me step-by-step which made it very easy thank you Nick for helping me

Tala
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Very understandable when it comes situations, very easy and fast

Anonymous
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Verry great would recommend

Stephen
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The staff at at Revive Financial were amazing and helped me through a very tough time. At any time where I needed information or just checking how everything was going, they were always so nice and understanding. My debt has been finalised and it feels great, the whole procedure was so easy and they took care of everything for me and I’m so grateful🙂

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Mason has been so incredibly helpful and knowledgeable on getting me the best financial experience possible. She’s helped relieve majority of my financial stress during this hard medical time in my life. Thanks Mason ☺️

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I found it a pleasure to get my financial struggles sorted the team who took the time to help me where very helpful and kind thanks revive financial.

Matt mcmahon
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Michelle Szabo has been amazing. She took control of everything for me and finally I can sleep at night knowing I have a commited plan in place.

Anonymous
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Absolutely top tier, I even wrote them off as a another fraud company, they went above and beyond to prove me wrong and I’m super stoked that they did and Ben my contact throughout the entire process was just an absolute legend. I couldn’t thank them enough.

Nathan
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Annika was so great to deal with! Very professional and very helpful! Would recommend her 100%

Anonymous
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Best decision I've ever made. I am finally debt free!! Thankyou for your ongoing support, I genuinely couldn't have done it without you. If you're looking for a sign, this is it.

Alec
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When life become financially unfriendly ,it’s killing me mentally ,effecting my performance as professional and as person ,I decide to give myself free from this nasty creditor phone calls ,chasing me everyday with they nasty legal threats ,in the end of the day ,my mental wellbeing must come first , and worth more then any money in this world ! That’s why I take this consequences in order to give my self better success as soon as clear my self from this toxid debt collectors .

Anonymous
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Amazing how simple the process was made Thank you Mason for taking the financial pressure of me

Laurie Wozniuk
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Amazing customer service! A special thank you to Annette for being so patient, understanding and supportive throughout the whole process. She took the time to answer all of my questions, explain everything clearly and made me feel comfortable every step of the way. I truly appreciate all of her help and support. Highly recommend! ❤️

Monalisa
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From start to finish was very easy and straight forward. I appreciated all the help and would recommend your first port of call to revive financial for their help and guidance. Thank you all at Revive. Richard

Richard
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