Sam & Sally’s Second Chance

About Sam & Sally

Husband and wife leave bankruptcy behind.

Sam and Sally have learnt a lot since their last business venture. Even though things didn't go so well, they were able to get past their previous bankruptcy with the motivation to try again at small business.

They started a new business manufacturing and delivering recreational equipment. Things were looking promising: early performance indicators were good and their business had a healthy cash flow.

Despite this, lenders were wary of Sam and Sally's past business failure. This was a problem as they needed finance for a family-friendly vehicle which would double as a delivery vehicle for their product. So they contacted Rapid Finance for help.

Age

Mid-forties

Employment

Self-employed

Income

Growing

Past Credit History

Previous bankruptcy

How We Helped

Not many people believe in second chances. But we do. We checked out the details of Sam and Sally’s business and discovered a good plan for business growth.

  • Step 1

    We looked into the performance indicators of the business and found healthy cash flow and plans for continued growth.

  • Step 2

    We also looked at the details of a current car loan, which was found to have satisfactory conduct and was improving over time.

  • Step 3

    We approached the lender and showed them consistent income, a solid business plan and an improving situation on current debt.

The Outcome

Sam and Sally Got the Car!

The couple were able to purchase a vehicle for their needs, with a plan to improve their credit and upgrade within 12 months.
Sam and Sally had bad credit, but through Rapid they got finance. How could we help you?
Apply for Finance Now

Other People That Rapid Has Helped

Please Note:
These case studies are based on actual outcomes we have achieved for real people. Their names and photographs have been changed.