Bad Debts
BAD DEBTS
Debt Consolidation is the ‘consolidation’ of multiple loans into one. This means instead of repaying multiple debts with different interest rates on each loan, you make a single repayment on one loan - which has a lower interest rate, so you save more and have more money in your pocket.
Debt Consolidation covers a wide range of debts, including credit card debts, hire purchase loans, store card debts, and other personal loans.
Take this scenario. You’ve got a good credit history, and you never default on your payments. Life is good, until an unforeseen event forces you to take out a bigger debt than you can manage. This topples your finances.
Suddenly you are unable to make all your repayments, missing payments, accumulating late payment or default fees, and you have too many different debts to juggle - and your finances are out of control.
Platinum Mortgages can help you to consolidate these multiple debts into one and they work hard to get you the best suited deal - this means that you pay less interest. Now you have one manageable debt to pay, which protects you against future credit issues.
Best Mortgage Since 2006.
Is Debt Consolidation the Right Move for You?
Debt consolidation could be a good move if you are buried under a mountain of debt and need an instant breather. However, it is also important to receive expert advice from Platinum Mortgages, on whether you are taking out a relief package or adding to that mountain of debt.
Platinum Mortgages experts will look at all the necessary details, including your spending patterns, and help you make the right choice.
Talk to a Platinum Mortgages Financial Adviser today.
Bad Debt Home Loans
Bad debts show up in your credit files. A bad credit score may have in the past, hindered your chances at securing the bank or lender’s approval.
“Bad debt” could mean mortgage arrears or missed payments on your previous or current loans, defaults, bankruptcy, credit inquiries, court write offs, unpaid bills or even tax defaults.
The good news, is that it’s still possible to secure bad debt home loans through a bank or non-bank lender. The Platinum Mortgages Advisers have access to a very large panel of Lenders and they can make enquiries with the right Financial institutions, to get you the best deal possible and set you on the exciting path to owning a home.
The mortgage experts understand that anybody could end up accumulating bad debts because of unforeseen circumstances, business failures, divorces, and other major life-altering events.
Platinum Mortgages have the skills and experience to work through different scenarios and situations and they know who to approach on your behalf.
Not sure if you qualify? Talk to the experts!
The team of mortgage experts at Platinum Mortgages are dedicated to helping Kiwis. We’ve successfully got the banks and other non-bank lenders to say “yes” when they have previously denied clients who have approached the Lenders directly themselves.
We are here to help and guide you through the process of arranging a mortgage and buying the property, no matter what your circumstances are. Call us on 0800 LENDING, so clients know to click here to be taken to the CONTACT US page.
