ASX Announcement 23 September 2021
Credit Intelligence Limited ASX: CI1
Credit Intelligence subsidiary Chapter Two Australia is set to launch their new Debt
Management App which will begin its pilot roll out today with the full Australian consumer
launch expected in the last week of September.
ChapterTwo introduces its new consumer debt management mobile app and
announces the Australian launch is slated for the end of September to help Australian
consumers manage their debts without impacting their credit files through Bankruptcy and
Part IX Debt Agreements.
Key Highlights
• First technology of its kind in the Australian debt management industry.
• Ability for users to list all their debts in one place, see their repayment history and make
one monthly repayment managed by ChapterTwo who will manage their repayments
each month.
• Coupling ChapterTwo’s debt management services which negotiates interest free
payment plans with their creditors giving their clients the ability to budget accordingly
and clear their debts over 5 years.
• Credit Score updated monthly with the use of Experian’s API.
• Regular tracking of clients’ financial position to offer mortgage broking services and
future products to their clients who’s score, and financial position has improved over their
journey with ChapterTwo.
• No insolvency event or default to their credit file.
ChapterTwo has completed the build of their customer app which is powered through
Salesforce communities and launched through Salesforce mobile publisher to the IOS and
Android stores. The launch of the app will mark the debut of ChapterTwo’s debt management
services coupled with a new and innovative debt management service.
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