Debt Negotiation Services

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.

Debt Negotiation

​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

• They own their property worth $660,000.

• Their current mortgage is $495,000.

• Their additional creditors, made up of three credit cards and one personal loan, add up to $86,000 of unsecured debt and is becoming unmanageable.

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

• Mr and Mrs Smith hold onto their home.

• Their mortgage increases moderately from $495,000 to $528,000.

• They can live without the burden of $86,000 high-interest debt hanging over their heads

• Your client is now able to rebuild their future.

For a confidential discussion of you or your client’s situation, please contact our team on (02) 8304 9300.