I would love to introduce you to my recent clients, Richard and Sussie (their names have been altered for privacy) Richard had a life changing event which meant he could no longer work. Whilst Sussie was continuing to work full-time her income alone was not enough to pay the current debts they had.
They begun to accept the credit card increases offered and slowly using the credit card funds they reached their limit with no way to pay the credit card or the other debts down.
They were stuck between a rock and a hard place with no end in sight.
Constantly paying their debts late if at all and having to phone the banks to let them know they were unable to meet their repayments
When I was introduced to this lovely couple I was relieved to see that nothing had hit their credit file as yet and I knew I had access to several different lenders that would appreciate what my clients were experiencing and therefore help them.
I was able to get them a formal approval to refinance all the debts into one home loan debt, with the interest rate only 1% higher than the current interest rate they were paying, but the help didn’t stop there.
I was then able to put them in touch with a Debt Mediator who is currently negotiating the unsecured debts, to get them discounted for full repayment which will save my clients thousands of dollars.
This is the first step in a long relationship with Richard and Sussie. The next step is going to be looking at refinancing once we have a good consistent repayment history and down the track they would like to grow their investment portfolio so they have additional income at retirement.
This is yet another example of why I love being a Mortgage Broker and helping clients, back when I worked for one bank, with one policy I would simply have to say “I’m sorry I cant help you” whereas now I can say, “this is how I will help you and this is how much you will save”
Thankfully Richard and Sussie don’t have to have anymore sleepless nights worrying about money. They can finally start to focus on what’s important to them.
If you would like to chat about your plans for the future please feel free to call me on 0412862811 or book an appointment here.