Industry or Sector: Electrical Services
Deal Type: Investment Refinance & Cash-out
Client Situation
The client was a sole trader electrician juggling multiple unsecured debts and had already fallen behind on several repayments. He had defaults recorded on his credit file, rental arrears, and an outstanding ATO balance. Managing day to day cash flow had become extremely difficult for him and his family.
Our Solution
We sourced a lender offering the most suitable product with the lowest available rates for his financial profile. The refinance allowed us to:
- Consolidate all unsecured debts
- Clear outstanding credit issues
- Establish a stable and manageable repayment structure
This approach provided much‑needed breathing room for the client and his family.
Outcome
- Monthly commitments reduced by approximately half
- Cash flow stabilised which improved his ability to manage expenses effectively
- Significant stress reduction for the client and his household
Client Reflection
“It’s the first time in years I could see a clear financial path forward.”