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

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.

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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.

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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!

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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.

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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.

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

Anonymous
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Kerry
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Excellent service and communication would highly recommend

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