Hi Michael, Many specialist Lenders would consider your refinance/consolidating debt whilst you are under a Part 9 debt agreement. Best if you like is to give me a call and we can discuss your options and which specialist lender best suits you for what you require to do.
We should get a few valuations on your property sorted to work out the next course of action. That would save you thousands.
Hi Michael, As many have already mentioned allot more information is required. In the past I have found that they may require you to pay out your Part 9 . We also have a couple of options available for you to consider. If you would like to know more please do not hesitate to contact me for a free no obligation comparison. Look forward to hearing from you :)
It could be done but most serious lenders would want to understand how when you are already under a part 9 you have run up a further 24k credit card debt. they would need to be convinced you have your expenditure under control or if there was a "one-off" income problem. in any case, unless your current interest rate is really high you would be better getting a low-interest credit card and dealing with it that way.
Hi Michael, Cost vs benefit may not be in your favor, however as many of the other brokers have mentioned with out knowing your complete detail its difficult to advise, have you considered rolling the credit card balances into a zero interest card for now? or consolidating into a personal loan? Again with out knowing the full picture it's difficult. Feel free to contact me if you would like to go into more detail. There maybe a good solution. Regards Wayne.
Hi Michael, As Kelvin stated above this could be very costly and may not benefit you in the end at all. However, not knowing all the details it is very hard to give you an answer. It might be possible to apply for an increase with your current lender, which can be the easiest option. Please feel free to contact me through my profile if you wish to further discuss your options.
Hi Michael, part 9 debt agreement should't be an issue with the non conforming lenders, however, the interest charges on offer is usually between 4.99% - 8.99%, if this is acceptable for you and an improvement from your current lending structure, please call me to discuss further as the interest rates are risk assessed and requires a quick assessment, which i can do in 5 minutes. hope to speak soon.
Hi Michael We have access to quite a few specialist lenders who will allow you to refinance / consolidate for borrowers in your position. We would need to provide them with an explanation. For a full review just click onto my profile and I can then contact you directly to discuss further. Regards Karen
Key question is - is the cost of going from 82% LVR to 86% - and paying LMI (approx $8640) save money ? Also - if you get help with your current lender - they will take into account the MLI cost to the $ that were already paid. Part 9 / consolidate is generally different lenders.
Hi Michael, We have a number of specialist lenders (at reasonable rates) who will allow you to refinance/consolidate debts whilst you are under a Part 9 debt agreement. They will just want to know your story ie how you got into the situation you are in :)
LEZLI
Yes. I can help. I do a lot of CREDIT IMPAIRED loans - did a $1m loan for person with $42K unpaid judgements. so please call or contact me via my Profile page. thank you