Refinance
Husband and wife wanted to consolidate their debt by way of refinancing however due to their combined debt level resulted in over a 90% LVR. Debt Relief Assist was engaged to negotiate and a 70% discount was achieved with each creditor in less than 3 weeks while also reducing the LVR to below 80%. Together working alongside the Broker a successful refinance was achieved and all debts paid within the new loan amount on settlement day.
Selling an Asset
Client went through a divorce and had to sell the family home. With a downturn in the property market resulted in a $205,000.00 shortfall on the mortgage. Debt Relief Assist entered into negotiations with one of the major four banks and $35,000.00 was accepted as a full and final payment. The enormous relief was felt from our client who can now move forward and enjoy a path of financial freedom.
Liquidation of Business
Self employed client was struggling and utilised personal loans and credit cards to inject into the business. Unfortunately only getting deeper into debt the business was liquidated while leaving a staggering debt level personally. Debt Relief Assist negotiated each debt by achieving a 60% discount utilising funds that were received through an inheritance. Our client is incredibly grateful for the second chance given and a future that is now filled with many choices!
Medical
Clients partner was diagnosed with a long term medical condition. With immediate changes needed including the reduction of working hours to become carer while also supporting young dependants, the pressure became too much. As a result family and friends raised funds to help and although generous money given there was not enough to payout all debts. Engaging Debt Relief Assist resulted in each institution accepting a 80% discount and all debts eliminated. The gratitude expressed was so heartfelt that it also reminded us of how our services allows families to come together again and focus just on that.
Debt Relief Assist can help support a client going through any financial circumstance.
For a free assessment please call 1300 764 416 or email your scenario to reception@debtreliefassist.com.au
We are here to help.
