Why choose the Revive Temporary Hardship Plan?
Get immediate relief from financial pressure with a structured, short-term solution designed to help you regain control and move forward with confidence.
How the Revive THP works
Our dedicated Success Specialists will guide you through the Revive Temporary Hardship Plan from start to finish.
The Revive Temporary Hardship Plan (THP) is a short-term solution designed to provide relief if you’re experiencing financial difficulty. It allows you to pause or reduce payments on eligible unsecured debts for a set period, giving you time to stabilise your finances and regain control.
During the temporary hardship plan, we will work with your creditors to support your situation and help reduce immediate financial pressure.
Apply online in just a few minutes.
One of our Success Specialists will review your situation, explain your options, and guide you through the process to determine if the Revive THP is right for you.
Yes, there is a simple one-off fee to access the program. We’ll clearly explain any costs upfront so you understand exactly what to expect before proceeding.
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Pause your repayments
Take a break from ongoing debt repayments, giving you time to stabilise your financial situation.
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Reduce financial pressure
Ease the stress of managing multiple debts and regain a sense of control.
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One structured solution
Bring your unsecured debts into a single, manageable plan rather than juggling multiple payments.
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Immediate breathing room
Create space to focus on essential living expenses without constant financial pressure.
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Tailored to your situation
Your plan is based on your current financial position, ensuring it’s realistic and achievable.
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Support from Success Specialists
Work with experienced professionals who guide you through each step of the process.
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Reduce creditor contact
Limit ongoing calls, emails, and pressure from creditors while your plan is being managed.
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Clear pathway forward
Use the program as a stepping stone towards longer-term financial stability.
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No need to manage multiple payments
Simplify your finances by reducing the complexity of dealing with multiple creditors.
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Helps you regain control
Take proactive steps towards improving your financial situation with a structured plan.
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One-off application fee
The Revive THP has a single low cost of $49. There are no further hidden costs.
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Short-term solution only
A Revive THP is designed to provide temporary relief and is not a long-term debt solution.
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Credit file impact
Entering into a hardship arrangement may be recorded on your credit file and could affect your ability to access credit in the future.
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Not all debts may be included
Eligibility depends on your situation, and some creditors or debt types may not be covered.
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Future repayments still apply
Your debts are not eliminated and will still need to be addressed after the program ends.
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Ongoing financial responsibility
You’ll need to continue managing your finances carefully during and after the program.
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Not suitable for all situations
A Revive THP may not be the right solution for everyone, depending on your level of debt and financial circumstances.
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Potential impact on borrowing capacity
Future loan applications may be affected while or after participating in the program.
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Requires commitment to the process
You’ll need to follow the agreed plan and provide accurate financial information.
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Temporary relief, not a permanent fix
The program provides breathing room, but long-term financial improvement requires ongoing action.
Real people, real results
See how we’ve helped Australians just like you take control of their debt and rebuild their financial future.
Amy and her two children were facing severe financial distress and homelessness – Revive helped secure immediate hardship relief so she could focus on finding safe housing.
The problem
Facing a severe housing crisis and living out of a car with two dependents while burdened by unmanageable $550 monthly debt repayments.
The solution
Negotiated a Revive Temporary Hardship Plan (THP) arrangement, successfully advocating for rare hardship approval on a secured loan.
The outcome
Entered the THP arrangement in January. Immediately stopped the $550 monthly repayments for three months, providing the crucial cash flow needed to save for a rental bond and secure stable accommodation.
Recognising financial hardship involves assessing your financial situation against certain indicators.
Signs of financial hardship include:
- Struggling to pay bills on time, such as rent, utilities, or credit card payments.
- Over-reliance on credit cards for basic expenses without being able to pay off the balance.
- Lack of emergency savings for unexpected expenses like medical emergencies or car repairs.
- A high debt-to-income ratio, where a significant portion of income goes toward debt repayment.
- Cutting back on essential expenses like food, healthcare, or heating.
- Experiencing stress, anxiety, or depression due to constant financial worry.
- Regularly borrowing money from friends, family, or payday lenders for everyday expenses.
- Selling personal belongings to make ends meet.
- Skipping medical treatments or prescriptions due to cost concerns.
- Juggling payments and deciding which bills to pay each month.
Our Revive THP currently have a term of 3 months. More flexible terms will be available in the future.
You must resume normal payments with your creditors. Alternatively, you may wish to contact Revive Financial to discuss alternative options, such as one of our debt management solutions.
In some cases, your creditors may wish to communicate with you. However, if you stick to your Revive THP there should be little need for them to contact you.
No, applying for a Revive THP won’t hurt your credit score. In some cases, your credit report might show an “A” for arrangement if your creditors agree to the plan. This mark stays on your report for 12 months, but it won’t count as bad payment history and can’t be used to automatically reject you for future loans.
No.
Unless one of the lenders is part of your Revive THP, they may require you to complete or terminate the arrangement before being considered for further credit.
No.
We support all unsecured debts with the Revive THP.
No.
A Revive THP covers most unsecured debts such as:
- Credit and store cards
- Personal loans and payday loans
- Utility bills such as gas, electricity, phone and internet
- Buy now pay later debts
Typically the following debts are not included:
- Secured loans such as mortgages, car loans and equipment finance
- ATO and Centrelink debts
- Fines and legal liabilities
- Child support debts
- Rates, body corporate and insurance debts
- Overseas debts
If you fail to make your payment your Revive THP will be terminated and your debts will revert back to their prior state.
Yes.
However, we suggest contacting us to negotiate a better outcome for you.
No.
You will need to commence a new Revive THP to include all creditors.
Yes.
However we recommend getting in touch with our team to discuss alternative solutions before doing so. We have a range of debt relief solutions that may be able to deliver longer lasting positive impact.
You must resume normal payments with your Creditors. Alternatively, you may wish to contact Revive Financial to discuss an alternative debt management solution.
No.
Our Revive THP is designed to be between you and your creditors.
The HEM classifies more than 600 items in the Australian Bureau of Statistics’ Household Expenditure Survey as absolute basics, discretionary basics or non-basics. These items are then used to calculate modest expenditure for eight types of household.
Notes
- The HEM is defined as the median spend on absolute basics plus the 25th percentile spend on discretionary basics.
- Absolute basics are most food items, children’s clothing, utilities, transport costs and communications.
- Discretionary basics include take-away food, restaurants, confectionery, alcohol and tobacco, adult clothing, and entertainment.
- Non-basics include luxury services such as gardeners and overseas holidays.
- Rents and mortgage payments are not included, as the HEM is a net-of-housing costs measure.
The HEM is a common measure used by lenders to assess borrowing capacity and help determine if applicants can afford a loan.
We also used the HEM to determine fair and reasonable living expenses when assessing your financial hardship claim, which allows your creditors to make a more informed decision.
Your Revive THP payment amount is based on your calculated Budget Surplus. If there is an insufficient amount to be paid to all creditors fairly, a moratorium will be suggested and no payment will be required by you for the next 3 months (subject to your creditors approval).
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