Real-life example helping clients manage financial stress- a must read!

In my previous post I mentioned how we can help clients re-finance and restructure debts. But let's face it, a real-life example speaks volumes.

Imagine this:

• A client facing a $124,000 company default notice for unpaid taxes.
• $60,000 in new tax liabilities for the 2023 financial year.
• $50,000 in credit card debt adding to the pressure.
• Traditional lenders rejecting them due to high debt and the default notice.

The good news? We found a solution with a major bank, even though:

Only the client's personal income was considered (company financials ignored).

They secured a loan with a lower interest rate than before.

They were able to:

• Refinance existing home loans.
• Access additional funds to pay off ATO debts and credit cards.
• Extend their loan term for more manageable payments

Not every situation is the same. Some clients might not have enough equity in their property for a similar solution.

But the point is this: We have options!

Intrigued? Let's discuss your client's specific situation and explore the possibilities for a great outcome. Don't wait for a desperate "what do I do now?" call –let's be proactive!

I'm here to help!