Dealing with Financial Stress?
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Are you worried about bankruptcy, insolvency and tax debt?
Unfortunately, many Australians find themselves dealing with financial stress at some stage during their lives. Australian individuals and businesses sometimes find themselves worrying about the prospect of looming bankruptcy, insolvency or overdue tax debts.
Other reasons why you may need fast loans or bad credit loans
Besides the threat of bankruptcy, insolvency or mounting ATO debt,there are many other situations that may require you or your business to engage a mortgage broker for either fast loans or bad credit loans, including:
- Cashflow problems (including lack of personal savings, business overdrafts etc.)
- Investments not performing as predicted;
- Divorce or separations
- Financial commitments to family and other third parties
- Rising debts on top of your normal home loan
- Unexpected major home repairs
- Medical issues
- Mental health issues.
Our home loan brokers can help
Fortunately, we can provide solutions to individuals and businesses when they are experiencing financial stress.
Financial stress can come about in many forms, but the key is communicating these issues with your Mortgage Broker.
We at Fair Go Aussie Loans can offer you a solution to avoid cashflow problems, alleviate insolvency risk, or to repay your overdue debts without stress.
Reasons why you need one of our fast loans
Not only is the receipt of an ATO warning letter a definite sign of financial stress, but it also indicates that the ATO is entering a phase of taking more serious action.
If you do not make payment of your tax debt, or don’t bother to communicate with the ATO to request some type of payment arrangement, the ATO can take various steps to obtain payment of your tax debt.
If you have overdue ATO debt, they could also pursue payment by:
- Using a collection agency to recover payments;
- Sending a letter to your employer, bank or any other relevant third party, instructing them to pay your overdue debt on your behalf;
- Instigating Bankruptcy proceedings against you or your business;
You can prevent further problems from occurring by simply contacting our Home Loan Brokers on [ph: ** **** ****).
We are only a phone call away and we highly recommend that you act sooner rather than later.
These solutions may include, but are not limited to:
Debt consolidation, a tool that is particularly useful in avoiding bankruptcy. We offer lower home loan interest rates to pay off your high interest rate debt. This will allow you to manage your cashflow better and pay off your loan quicker;
Debt negotiation, where we organise a decrease in the amount of your debt through negotiation with creditors;
Utilising equity in your home to get a new loan to repay your debt (refinancing).
Refinancing your tax debt and consolidating your mortgage is possible by using our specialist Home Loan products;
Discussions with you regarding ATO payment plans, whereby you can spread the cost of your debt over a period of time agreed to by the ATO (up to 2 years). This course of action may not be suitable for seriously cash-strapped businesses or people on the verge of bankruptcy. In these cases, we can look at organising a bad credit home loan or other types of fast loans to boost your cashflow in the short-term.
Use our mortgage broker service to obtain a fast loan
Fair Go Aussie Loans can help you borrow up to 90% of your property’s value, using one of our specialist lenders, if you meet the following criteria:
- You own a property which we can use as security for the loan;
- The combined total of your current mortgage and the tax or other outstanding debt do not exceed 90% of your property’s value;
- If you have a Bad Credit Home Loans history, we can base the loan application on a “story-based” scenario, if you have a good explanation;
- You can afford to meet the new loan repayment amount (by providing evidence such as wage docs, bank statements, accountant’s letter, or
- If we establish that you are entitled to a Low doc loan, you may be able to avoid providing some of the above-mentioned information
Consulting our Mortgage Broker team will allow you to find the right loan for your circumstances and help you avoid debt defaults on your credit file.
