Case study

How Kristy & John saved 55% on their debt and kept their family home

Part IX (9) Debt Agreement
Initial debt
$70,000
Outcome
Debt free
in five years

Key results at a glance

Results that speak for themselves
$70,000
Total debt consolidated
$38,500
Total debt reduction
$550
Single monthly payment

The challenge

Despite Kristy working full-time, an unexpected health crisis and compounding financial pressures left the family trapped in high-interest debt with their home on the line.

Unexpected hardship

John suffered a severe nervous breakdown, leaving him unable to work and reducing the household to a single income.

Compounding expenses

The high cost of living for a family of five, combined with ongoing mortgage obligations, forced them to rely heavily on credit cards to survive.

High-interest debt

The reliance on credit cards caused their unsecured debt to rapidly balloon to over $70,000.

Risk to family home

Because they had limited equity in their property, refinancing was not an option, putting their family home at severe risk of having to be sold to cover debts.

The solution

After reviewing Kristy and John’s situation, we identified that a Part IX (9) Debt Agreement would provide immediate protection for their home and a structured path to recovery.

Comprehensive financial assessment

We evaluated their single-income budget, the needs of their three young children, and their limited home equity against the $70,000 debt.

Practical guidance

We provided a clear, non-judgemental overview of how a Part 9 Debt Agreement could protect their most valuable asset—their home—while making debts manageable.

Tailored solutions

We negotiated to consolidate their high-interest credit card debt, settling for 45% of the original amount, paired with an affordable $550 monthly payment.

Complete transparency

We ensured Kristy and John completely understood the terms of the 60-month (5-year) plan and their exact timeline for financial recovery.

Why this approach worked

Getting started is easy and straightforward

Reason 1

Significant debt reduction

By establishing a Part 9 Debt Agreement, we successfully negotiated their total obligations down from $70,000 to $31,500, instantly removing $38,500 (a 55% reduction) of financial burden.

Reason 2

Asset protection and simplified management

Instead of drowning in high-interest credit card fees, Kristy and John now make a single, affordable payment of $550 a month. Most importantly, this strategy allowed them to entirely avoid selling their family home.

The result

Within 6 weeks of engaging with Revive Financial, Emma successfully consolidated all her debts and experienced immediate financial relief. The outcomes exceeded her expectations in both cash flow improvement and long-term savings.

Before
After
Improvement
Total debt
$70,000
$31,500
$38,500 reduced (55%)
Repayment structure
High-interest credit cards
1 consolidated plan ($550/month)
Fixed, affordable payments
Financial status
Unable to refinance, home at risk
Home protected
Secured family home
Stress level
Extremely High (health crisis + debt)
Low (clear path to recovery)
Time, health, and stress saved

Additional benefits

A comprehensive approach to your financial recovery

Kept the family home for their three children, avoiding the disruption of a forced sale.

Drastically reduced financial stress, allowing John the peace of mind needed to properly recover.

Eliminated compounding credit card interest entirely.

Consolidated all debts into one $550 monthly payment.

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What our customers are saying

Fantastic job and great communication

Shaun
Verified

Very helpful professional and kind, caring and understanding

Cherie
Verified

I’ve had a great experience with Revive. Working with Connie consolidating unmanageable debt has given me peace of mind and an easy way to manage the stress of having manage a variety of debt.

Anonymous
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Nick has been amazing in his guidance, advice and support. My case was actioned quickly and the process was smooth and uncomplicated. I would have no hesitation in recommending Revive Financial – high level of professionalism

Anonymous
Verified

Annette was absolutely amazing, very helpful throughout this experience. She always spoke respectfully and made sure I understood everything before proceeding. Thank you Annette for all the help and support

Jakob
Verified

Anette was amazing, very helpful, polite and understanding. Anette explained everything and always there if I needed anything.

Anonymous
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Very helpful fantastic service 👏

Michael
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Google

Excellent customer service and really helpful and knowledgeable advice

Andrew Target
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Ben and team are easy to talk to no judgement And a great help

Cengiz
Verified

Great to deal with friendly people if I had any questions they answered them right away

Anonymous
Verified

Revive financial have been amazing from start to finish of my agreement. At first I hesitated to do the agreement but it has helped me so much. A special mention to my service specialist May who has been nothing but supportive and there throughout most of my debt agreement. Highly recommend Revive Financial

Anonymous
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Would refer others in need to use

Anonymous
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Very helpful and informative through the whole process

Anonymous
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Very helpful with working things out with me

David
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Google

Hi I just want to share my experience so far with credit revive, I had the choice of credit repair Australia or credit revive, and I think i definitely made the right choice, credit repair Australia wanted to charge me almost double the amount I am paying with credit revive and i have been looked after very well, I have not one complaint and they took care of all my debts very swiftly and have taken a huge weight off my shoulders, I even think that the people I have dealt with are nicer and more polite and more understanding than credit repair Australia because from memory I had an argument or 2 and hung up on whoever I was talking to with credit repair Australia so i definitely recommend CREDIT REVIVE to anyone who is need of help and are struggling day to day with keeping up with your bills, I have been able to keep my brand new car that i would have surely lost by now if I wasn’t saved by credit revive I am very grateful for their support and services and i have already give them some sales pitches to friends and family in similar situations and I will continue to praise them and steer people in their direction if need be! Thank you for you support i appreciate it very much 😊🙏🏼

Robbie Porter
Verified

Very accomodating…shout out to Ms.Anette! She is very helpful,supportive from day one and superb.Thank you so much. Job well done!

Emmanuel
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John was very supportive and understanding

Anonymous
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It was great working with Mason. So helpful.

Rory
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Customer service is 100% Very happy

Lorrae
Verified

Ian was great to help me finalise my debts. Very understanding and worked with me when I had hard times during the process. Definitely would recommend Revive to everyone needing help consolidating debts.

Anonymous
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