Applicants recently returned from extended overseas visit to sort out pressing family matters. Had no income for some months and used credits cards for living expenses. Have returned to previous jobs and we have consolidated all debts, 6 credit cards and a personal loan, to help them get ahead.
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Client had a business for 2 years, last years financials showed a loss, and this year they were able to provide us business trading statements and six months BAS statements which showed a return to profit. VMG were able to refinance existing lender, provided funds to expand their business and purchase new equipment-machinery.
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Self-employed mechanic looking to refinance & purchase equipment for his business. Good repayment history, one default to council for rates. Return for 2013 lodged, but 2014 still with accountant. Profit & loss provided for the period. Has good MYOB records & bank statements show strong cash flow. Approved refinance & cash out for business expenditure.
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Client ran a cleaning business employing up to 20 staff. It was all a bit much to manage and keep track of. He wound up the business and for the last 2 years has concentrated on a couple of contracts the family can do themselves. Has a default for private school fees incurred as the old business was being finalised. We have refinanced all his debts to give him a fresh start.
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Self employed applicant, clean credit, full tax returns available and good repayment history on existing debts had a $200K tax debt. Banks would not look at this deal. We refinanced his Home loan and tax debt to 75% LVR. (Most importantly because the tax debt was not overdue the loan was done at reasonable rates of interest).