Case study

How Dean halved his $83,000 debt and cut his repayment timeline from 7 years to 3

Part IX (9) Debt Agreement
Initial debt
$83,105
Outcome
Debt free
in three years

Key results at a glance

Results that speak for themselves
$83,105
Total debt consolidated
$41,255
Total debt reduction
1
Manageable repayment plan

The challenge

Despite securing full-time employment again, a sudden period of unemployment left Dean trapped with mounting debts and high weekly repayments.

Unexpected hardship

When his employer went into liquidation, sudden unemployment for three months severely impacted his cash flow.

Compounding expenses

Relying on credit to survive the job loss resulted in a massive $83,105 debt split across banks, financial partners, and payday lenders.

Multiple creditors

Managing six separate accounts, including high-interest short-term loans, made it incredibly difficult to get ahead.

Unsustainable repayments

Minimum weekly repayments were eating up $391 of his income, stretching his budget and keeping him in debt with a daunting 6.8-year repayment horizon.

The solution

After assessing Dean’s situation, we identified that a Part IX (9) Debt Agreement was the best path forward to regain control and accelerate his financial recovery.

Comprehensive financial assessment

We looked closely at Dean’s current income as a Facility Manager and his total debt of $83,105 across six different credit facilities.

Practical guidance

We provided a clear, non-judgemental plan to stop the debt cycle, showing him how a Part 9 Debt Agreement could legally consolidate his obligations.

Tailored solutions

We negotiated directly with his creditors to reduce the total debt amount to $41,850 and lower his weekly repayments to an affordable $270.

Complete transparency

We ensured Dean understood his new structured plan, giving him a clear path to be completely debt-free in just three years instead of nearly seven.

Why this approach worked

Getting started is easy and straightforward

Reason 1

Significant debt reduction

By setting up a Part 9 Debt Agreement, we successfully negotiated the total debt down from $83,105 to $41,850, instantly removing over $41,000 of financial burden.

Reason 2

Accelerated financial freedom

Instead of paying $391 a week for nearly seven years across six different accounts, Dean now makes a single $270 weekly payment, saving money and cutting his debt timeline down to just three years.

The result

Dean successfully entered a Part IX (9) Debt Agreement, experiencing an immediate drop in his weekly financial obligations. The outcome halved his total debt and provided a realistic, structured framework to become debt-free in a fraction of the original time.

Before
After
Improvement
Total debt
$83,105
$41,850
$41,255 reduced
Weekly repayments
$391 / week
$270 / week
$121 saved per week
Number of payments
6 separate accounts
1 consolidated plan
Streamlined management
Time to debt-free
6.8 years
3 years
3.8 years saved

Additional benefits

A comprehensive approach to your financial recovery

Protection from mounting interest and late fees across multiple accounts

Enhanced cash flow by significantly lowering weekly repayment commitments

Relief from the stress and administrative burden of juggling payday lenders and multiple creditors

A clear, legally binding timeline to become completely debt-free

Why choose Revive Financial?

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20+ years

Helping everyday Australians

What our customers are saying

I recieved amazing help from Sharon. She helped me combine all my debt and work out a repayment that worked best for me. As a stay at home mother of 2, struggling to find work while studying, this has been a massive relief off my shoulders

Kaelahanne
Verified

Had the best experience with Jordyn, she has been so helpful and so easy to deal with. She really made something that seemed so hard feel so easy. 10/10 recommend

Matthew
Verified

I am extremely satisfied with the service Kylie provided. When I first came to you, I was struggling feeling frustrated, depressed and carrying so much stress. There were times during this past month that I felt like giving up, going through so much left me with little energy or drive to keep gathering documents and moving forward. But I am so deeply grateful Kylie was there every step of the way. She patiently guided me, walked me through every part of the process, and gave me 100% support exactly when I needed it most. Thanks to her care and dedication, I was finally able to get everything sorted and signed off today. I truly recommend this service to anyone needing help. Thank you so much, Kylie Bennison keep up the amazing work! Honestly, you deserve a gold medal for the difference you’ve made. I appreciate you more than words can say 🙏🏽✨

Laulauonuu
Verified

In particular I want to single out Connie for being kind and empathetic during this process.

Sara
Verified

Warranee was extremely helpful. Answered all my questions and made me feel at ease.

Kirsty
Verified

Sharon was so helpful through the whole process and made it so easy.

Danielle
Verified
Google

Very easy to deal with. Went above and beyond to help my situation. Would highly recommend.

Sheryl Edwards
Verified

Great communication,

Craig
Verified

They made me feel ok about making a mistake and gave me simple guidence to find a resaloution

Anonymous
Verified
Google

Joseph has been awesome, professional and a great help to me during my time of financial distress. He made the impossible possible. Nothing is too troublesome for him. The team are friendly and helpful as well. Highly recommend Joseph.

Esther Sia
Verified

Insanely supportive and helpful company. They’ve made the process super easy and fair, and have created a very manageable outcome. Mason and Ruth specifically in my case have both exceeded high levels of customer service.

Anonymous
Verified
Google

I have had a really great experience with revive financial. They have been extremely supportive and my support has been Mason throughout the entire process and she has been fantastic

Julie Hill
Verified

I really enjoyed my experience. Anette was incredibly helpful, friendly, and made everything easy to understand. They took the time to answer all my questions and provided excellent support throughout the process.

Chrystal
Verified

Fantastic service great help could not have done it without the whole team best choice i ever made thanks everyone that helped me achieve my debt free life

Ory
Verified

Understandingly considers real life circumstances and addresses personal situations with a target approach. Questions are well defined and realistic. Provides a great customer service with reliable and friendly staff. I highly recommend Revive Financial to anyone seeking financial assistance. Thanks

Walter
Verified

Connie has been so amazing to work with. She is so approachable and understanding and has made this process so smooth. She has helped above and beyond especially over the past 4 weeks with a traumatic experience I have been going through. I couldnt have done any of this without her support.

Michelle
Verified

Very easy process and very helpful customer service!

Jackson
Verified

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