Tyler learnt how to manage money the hard way. A few years ago, he was given some poor financial advice and piled on unsecured debt without realising the potential consequences.
Things ended up getting so bad that Tyler had to settle his debts with a Part IX Debt Agreement. Although it was tough, he managed to pay off almost all his past debts and move on from his credit troubles. However, his bad credit history was harder to shake off.
It was when Tyler started his own company that he found out his past credit history was becoming a roadblock to growth. No lenders were willing to listen! That’s when Tyler contacted Rapid Finance and the future now looks promising for him and his business.
Poor management of unsecured debt
We gave Tyler the time of day that other lenders were not prepared to give. We looked at the finer detail of Tyler’s situation—from the management of his new business, to finding evidence of better personal money management.
We collected information about his business to show it had good and steady cash flow.
We collected Part IX Statements to confirm Tyler’s perfect repayment record over the last 4 years.
We contacted the lender and showed them that Tyler’s financial situation had improved and previous debt was almost paid off.
These case studies are based on actual outcomes we have achieved for real people. Their names and photographs have been changed.