Homeowner Loan To Support Client With Bad Credit

Finance To Repay Bad Debts

Discover how ABC Finance raised finance to support a client who had suffered an industrial accident.

ABC Finance → Homeowner Loan Case Studies → Homeowner Loan To Support Client With Bad Credit

The facility

Location

Wrexham

Capital raised

£25,000

How funds were spent

To repay bad debts as a result of a loss of income

The request

The client (Mr) severely injured their ankle in an industrial accident.

As a result, he had extended time off work and their funds/savings depleted, resulting in some small defaults and CCJ’s due to non-payment of debts.

Clients were mortgage-free, currently obviously only Mrs was working, plus some state benefits for Mr. They would be expecting a compensation pay-out once everything had been investigated and resolved, this was expected to take a significant amount of time to come to fruition.

In the meantime, there was severe difficulty meeting the day-to-day bills and the clients ultimately risked causing significant credit problems.

The solution

We painstakingly scoured through our lender relationships, discussing the nuances of the application with each – as We worked very closely with the underwriter for the only lender that was prepared to consider this based on the adverse and overall circumstances.

We funded enough to clear all their outstanding debts, plus the adverse/delinquent accounts to allow them to focus on moving forward and begin to rebuild their credit report.

This loan was completed in just 5 days from enquiry to the client receiving their funds!

Gary Hemming

Commercial Lending Director

Why work with ABC Finance to get a homeowner loan?

Our team at ABC Finance are true experts in homeowner loans. We’re focussed on helping our clients to secure the best deal on their finance, quickly.

That’s why we offer market leading, fixed £1,495 broker fees on homeowner loans, no matter how much you borrow. Get in touch today and save thousands compared to what you’ll pay through the big comparison sites!

01922 620008

enquiries@abcfinance.co.uk

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