Debt Consolidation (Again)
Success breeds success – Last month was so successful, we are doing it again.
We hit more than $1 Million in writing debt consolidation loans, we decided to repeat it – so far this month are set to beat last months loans.
We have a couple of couples examples for you to be inspired to connect with your customers and see if a debt consolidation loan is right for them.
HELPING YOU TO HELP THEM
We are happy to present 2 happy clients – $75,300 & $33,600
Our focus for September continues to be: Debt Consolidation (Again)
We continue to have great rates for our broker’s & referrer’s clients’ that are looking to get their clients a best rate for consolidating debts bundled into one simple single monthly repayment fixed term loan. Check out the two scenarios below, to see how we are helping families.
Scenario One
Referred to us by one of our mortgage broker specialists, who focuses on home loans and refinancing deals.
Maria & James from Bundaberg, QLD were similar to previous customers, overwhelmed by multiple different debts, three with higher than 20% interest.
Maria had two credit cards with high interest as well as an old car loan, where James had one credit card as well as a car loan – combined total over $75K.
Managing five different facilities was becoming a challenge. With the payments all across the month – there was more month at the end of the money, than money at the end of the month.
How we helped them:
– Consolidated all the debts
– 3 x credit cards
– 2 x car loans
Into one joint personal loan with a single fixed monthly repayment at a lower interest rate than the credit cards & existing car loan at a fixed 5 year (60 month) loan term. This also freed up cash flow to focus on more important things in life with their family.
Their broker sent over their details and our team took the reins from there.
We were able to get them a total combined loan of $75,300* (includes some small set up fees).
What we needed from them was the following:
– Driver Licence front and back for both applicants
– Last 2 Pay Slips for both applicants
– Rates Notice
– Car Loan Payout Letter & Credit Card Statements
– Bank Statements
– Current Assets and Liabilities
We did the rest and settled in 4 days once supporting documents supplied
Scenario Two
Referred to us by another broker who works closely with an accountant who sent us their clients’ details below.
Deb & Frank from Batemans Bay, NSW found themselves with a few products with high interest, and wanted to finish that bathroom they have been working on for 2 years.
Deb had one credit card and so did Frank, totaling about $20K, to finish the bathroom, they needed about $12-13K to get the tiler in to complete the works.
How we helped them:
– Consolidated all the debts & added extra cash
– 2 x credit cards
– 1 x extra cash** (proof of works / quotation from tiler)
Creating one consolidated loan which caters for the bathroom works, with a fixed rate, fixed term (3 years) and regular repayment that is after the couple get paid.
His broker sent over his name & number and our team quickly assisted.
We were able to get them a total combined loan of $33,600* (includes some small set up fees).
What we needed from them was the following:
– Driver Licence front and back for both applicants
– Last 2 Pay Slips for both applicants
– Rates Notice
– Credit Card Statements
– Bank Statements
– Current Assets and Liabilities
With both scenarios we provide upfront quotes and the customers were happy to proceed with the loan offer. The transactions took less than a week from start to finish and we were able to continue our success by paying the referrer within 24 hours of settlement.
You can see easily how you can help your clients with a simple referral to LendConnect so send us your scenarios OR send your clients’ details and we’ll do the rest!
Referral Fee paid in 24 hours.
We are finding that our 24 hours post settlement referral payment is the number one reason why brokers & other referrers choose LendConnect.
We continue to be different
As an award winning diversification business, our focus is helping your clients transact these loans, so you can focus on the bigger home loan business that you and your team are best known for. If you think we can make a difference, reach out to us below.
What makes us different from the rest: –
We are hands on with our clients and our partner’s clients and
At any time you can connect with LendConnect and it’s directors via email or phone.
Contact us Now : Phone: 1300 125 363 or Email: [email protected]
