Dynamic Debt Consolidation
A service the SR Group offers where we settle our client's debts at significantly reduced amounts. We work at negotiating a discounted lump sum settlement with our client's creditors by refinancing their existing mortgage.
What type of creditors can we negotiate with
There is no set parameters to who we can negotiate with however we have found we achieve outstanding results with unsecured creditors, such as:
- Credit card providers
- Personal loans and overdrafts
- Inland Revenue Department
- Trade creditors
Here's a scenario demonstrating our Dynamic Debt Consolidation process.
*Loan to Value ratio (LVR) is the amount of your loan compared to the value of your property. LVR is calculated by dividing the amount of the loan by the value of the property. For example, if the property is worth $250,000 and you have a deposit of $50,000, the LVR will be 80%.