John came to us as a young man of 27. He had several unpaid
defaults from a previous relationship. He was about to get married and
was looking for a new home loan. No lender was prepared to assist with a
home loan as he had no deposit and a number of unpaid defaults.
John’s mum had a paid off home and was willing to assist. We were able
to use the equity in his mother’s home towards debt consolidation and a
deposit for John’s purchase.
Barry had experienced some
problems in his business. A major client went bankrupt which left Barry
seriously out of pocket. His mortgage was in arrears and many business
accounts were outstanding. Barry was in danger of losing his home as
well as his business.
Bad Credit Finance were able to refinance Barry’s home loan providing an
additional equity facility of $200,000. Barry was able to use $50,000
off this facility to catch up on his bills and outstanding business
accounts. Problem solved.
Melissa was spending
significantly more than she was earning. She was using 12 credit cards
and had outstanding debts of over $65,000. Once Melissa was ready to
admit that she had a problem, Bad Credit Finance were able to assist
through a program of Debt Consolidation.
Caroline and Tom had a Home Loan with a non-conforming lender with an
interest rate of 12.00%. They also had a car loan and 3 credit cards.
After a consultation with Bad Credit Finance the couple were able to
consolidate all their debts into their home loan with a rate of only
7.95%. Over the first year this represented a saving of just under
$20,000.
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