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

Why choose Revive Financial?

Australia’s #1 trusted financial relief service, working for you

4.9 / 5 rating

From over 4,900 reviews

39,000+

Lives transformed

20+ years

Helping everyday Australians

What our customers are saying

Very helpful and eased a lot of my financial stress

Clinton
Verified

The folks here have been very helpful. I couldn't be happier.

Gavin
Verified

Thank you to Sarah who was amazing through the whole process

Bianca
Verified
Google

The stress lift was instant, the only mistake was me , i should have reached out sooner , life changing . THANK YOU THANK YOU

Anna- Lee Adams
Verified

All relativlly smooth

Alan
Verified
Google

Revive Financial are a professional company, providing excellent services and advice. Their staff are friendly and providing excellent financial reviving services.

Shiman Tong
Verified

Revive financial were magnificent in the way that they were able to sort everything out for me and all the support and help throughout. If you ever need assistance please I thoroughly recommend them.

Mark
Verified

Amazing customer service and made the whole situation so easy for me, do reccomend

Andrew
Verified

I found the process a bit overwhelming but was put at ease, with the service I received. I thought it would be a difficult process but with a lot of guidance and patience from Revive the overall experience was great.

Anonymous
Verified

I honestly can’t thanks Cloe night, she was patient, caring and thorough. I felt supported and that she really cared! This has changed my life, I no longer have the stress of where I will find the money to pay my debts! Thank you from the bottom of my heart 🙂

Wendi
Verified

Sarah has been very helpful and quick with responding great to work with

Matthew
Verified
Google

I cannot thank Revive financial enough for their life changing help. From the very first phone call, Nick Smith was incredible empathetic , patient and professional. They took away the crushing weight of my debt and made me feel cared for rather than judged. Highly recommended Revive financial and Nick Smith😊

Meuzza Ragdoll
Verified
Google

Really positive experience. Very helpfulful and my many question were always answered very fast

Sally Tarquinio
Verified

I can’t recommend Revive highly enough. Before contacting them, I felt like I was drowning in debt and had no idea where to start. The stress was overwhelming, and I was embarrassed about my situation. From the very first conversation, the team made me feel comfortable and never judged me. They explained everything in simple terms and made the whole process incredibly easy to understand. What I thought would be complicated and stressful turned out to be straightforward and manageable. The biggest surprise was how quickly the weight started to lift off my shoulders once I had a plan in place. The process wasn’t embarrassing at all—in fact, it was a huge relief talking to people who genuinely wanted to help. If you’re struggling with debt and feeling overwhelmed, don’t put it off. Reaching out to Revive was one of the best decisions I’ve made

Daniel McDonald
Verified

Cloe was amazing

Sarah-jane
Verified

Staff are friendly and very helpful. Got me through a tough financial time …. Highly recommended

Anthony
Verified
Google

Outstanding Customer Service

Jan Hart
Verified

Mason was incredibly amazing and so understanding. It made everything go so much smoother

Casey
Verified

They are fantastic to work with. Efficient and professional with caring about your situation. Every step of the way is explained and you feel like you're able to breathe again. Great 👍

Luke
Verified

Ready to take the next step?

Your financial freedom journey starts with a single conversation. Let’s talk about your options