Hi I am an employee of Premium Finance Services and I thought I would let you in on one of our success stories. John and Jan came to us with a considerable amount of personal debt, bad loan structures, and were struggling from day to day just to pay the bills and keep their heads above water. Both John and Jan were payee employees with hardly any tax deductions and had minimal superannuation.
After going through their finances with them, we found they had maxed out credit cards, a car loan, and a personal loan. This amounted to a lot of hard earned cash going out the door. John and Jan also had a principle and interest loan that their bank had suggested they take out to buy the family home which they had been making payments on for the last 20 years. In order to help John and Jan, Premium Finance Services was able to refinance them into a new loan product and structure which actually suited their situation and helped them pay off their home faster. Because they have had their home for so long, they had a considerable amount of equity which we accessed to consolidate their credit cards, car loan and personal loan. By doing this, we were able to free up a large amount of income to put towards an investment that was going to help them out in retirement. So, not only do John and Jan have extra cash in their pocket, they are also getting tax deductions for buying an investment that is going to help fund them in retirement.
Maybe Premium Finance Services can help you, if you think that John and Jan’s situation sounds familiar, give Premium Finance a call and arrange to talk to one of our consultants.
Regards, Shane.
Tags: Brisbane, Melbourne, Premium Finance, Premium Finance Services