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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What our customers are saying

I would like to say Thank you very much for helping me pay off all my debets. Thank you Thank you once again also to the manager who was looking after my account you have done a awsome job Thank you once again.

Vili
Verified

Very helpful and informative.

Lascelles
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Amazing staff!! Process was quite effortless for a satisfying outcome. Thank you especially to Marisol

Anonymous
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Revive has been fantastic. Always professional, understanding and supportive throughout the entire process. I am so grateful for their assistance. Thank you.

Kathryn
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Good service

Kim
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Google

Very friendly staff and kept me updated every step of the way

Michael Cumming
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I wouldn't think in million years I would be getting off from so many loans had to deal week by week until I found these beautiful lady Connie Vagras on Revive Financial. I just wanted to say thank you for getting me out of this situation. I have been struggling years and years trying to get my feet on the right spot. You're make my life alot more better now. You are so amazing with your services, very professional how you deal with the customers. We need more people like you in this world. Thank you so much for your assistance, and hope everything goes well in your future.

Anonymous
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I had a wonderful experience working with Michelle. Her guidance was clear, patient, and genuinely supportive, making complex tasks feel manageable. She listened carefully, asked thoughtful questions, and provided practical solutions that boosted my confidence. I left the interaction feeling understood, valued, and well-equipped to move forward. Thank you, Michelle, for your excellent assistance!

Mariell
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Revive Financial was professional, helpful, and easy to work with. Their team (Annette) explained everything clearly and made the process simple and stress-free. Great customer service.

Yasmin
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Excellent work/ people very helpful to everything and so professional.

Denilyn
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I am very happy the service is so great specially with the broker who helped me with everything she very very good and work like professional Ms Tuanita Walsh Thank you so much

Marie Alexandra
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They helped me with my struggles so much and I really appreciated very much. Thank you to Nicolas (Nick) for all your help from the time i and my family went to Samoa to my father's funeral. You were able to hold all the payments until I got back. Thank you once again. Frances Leatua

Frances
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I have been dealing with Nicole who has kept me in the loop throughout the journey and has kept me calm for what has been a stressful time in my life. No question has been ignored and at no point have I felt unsupported or lost. Nicole has been increadibly professional, transperant and only conveyed poistivity throughout my dealings with her. I would have no hesitation with recomending Revive or Nicole to any of my friends or family who need a way forward.

Wayne
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Kylie and Jesse have been very helpful and supportive

Shaana
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Anette was super helpful from start to finish. Compassionate and kind whilst offering different solutions.

Anonymous
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Mason is very professional at her job and is very good explaining things to make it easy to understand

Chris
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They are most helpful , very understanding and easy to talk to .

Kerry
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Excellent service and communication would highly recommend

Debbie
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Your too good

Lorraine
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