Real Life Home Loan Arrears Case Study

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Scott & Lina - Success Story

Scott & Lina were looking to repay their arrears on their mortgage, but were having alot of trouble. They hadn’t made consistent payments on their home loan since they sold their business. They were left with a large amount of debt after the closure, as they couldn’t get the money they needed to pay everything. They both got jobs after 6 weeks however, all the credits payments needed to be paid once they began work. Scott’s pay was monthly which added to the issues. They missed the first two months home loan payments completely, then couldn’t catch up. the business creditors were screaming, the home loan lender was threatening foreclosure. It was a dire situation.We negotiated terms with the home loan lender until we could settle the refinance, and sourced a lender who would accept the arrears and consolidate the business debts.

Scott – “Our stress levels were through the roof. We were planning kids next year and well, that was not on the cards. Loan Saver helped us out enormously. Even though our choices were limited Loan Saver were easy to work with and everything was done with ease and simplicity. We kept our house and have a great place to raise our kids….

See our Mortgage arrears page for further information on mortgage arrears, or contact us at 1300 796 850 to start your ball rolling.

Why Work With The Loan Saver Network ?

  • Australian Credit Licensed

  • Variety of Standard and Specialist lenders

  • 15 Years Lending Experience

  • Simple Straight Forward Solutions based Approach

  • Ongoing Support Program.

  • “The new loan got us our of trouble and the rate isn’t too bad either. The best thing is that we have a plan, we saved our house and we’ll be back to a traditional lender next year. We couldn’t be happier.” - Scott & Lina,, on their new loan
  • “Our loan settlement went very well, there were a couple of hiccups along the way which were handled with ease. Loan Saver’s (Colin)communication was fantastic, they explained the process and we knew exactly what we needed to do.” - Scott & Lina, on their experience