The SR Group have a long and successful history settling client’s debts at significantly reduced amounts. Our experienced team are excellent at negotiating a discounted lump sum settlement with the client’s creditors reducing the LVR to allow their broker to refinance their existing mortgage.
We negotiate with credit card providers, personal loans, overdrafts, ATO, OSR and trade creditors
Here’s a typical scenario demonstrating how our Dynamic Debt Consolidation Process can help mortgage brokers.
Mr and Mrs Smith’s Financial situation
Typically, a couple trying to refinance the unsecured debt of $86,000 into a new loan would not seem favourable to many lenders. The proposition of an LVR of 88% would usually leave a couple with nowhere to go.
What we do
The SR Group looks to work with the broker to identify a suitable product while reducing the unsecured debt via discounted settlements. The result allows the clients to refinance and clear their unsecured debts.
For example, if you refinance at an 80% LVR ($528,000/$660,000), we will have $33,000 to negotiate with the creditors, which based on SR Group’s previous results is consistently achievable.
What we achieve
For a confidential discussion of you or your client’s situation, please contact our team on (02) 8304 9300.
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