Case Study - Sophie

Meet Sophie...

Image of Sophie - Near Prime Home Loan

She has perfect pitch, superb timing and multiple income sources.

  • Age: 34
  • Occupation: Musician and part time school music teacher 
  • Income: $90,000
  • Assets: $45,000 in savings, $10,000 car
  • Liabilities: $15,000 in credit cards
  • Credit file:  Unpaid default $890 > 24 months


Sophie is separated, lives with her mum and has two lively children.She would like to take the pressure off her mum and buy a home with a backyard and give her family some stability.

Because of her family situation, Sophie’s salary is supplemented by additional income from government family payments and child support. An unpaid default has also narrowed her options as to which home loan lender can support her.

The Solution

Luckily, Sophie had a great broker who knew Pepper Money was in tune with her.

Her broker contacted a Pepper Money BDM who advised Pepper could be Sophie’s real life solution as they would consider all three sources of income and accept the past unpaid default.

The Outcome

Sophie qualified for a Pepper ‘Near Prime’ product which meant she could stop renting and buy her family their dream home.

zero upfront free

We're waiving upfront fees (excluding Mortgage Risk Fees) on Pepper Easy loans until 31 January 2019

This means Sophie would save at least $1,800 in fees.

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These case studies are based on real-life examples and have been provided solely for educational purposes. The case studies are not intended to imply any recommendation about any financial product(s) or constitute tax advice. If you require financial or tax advice you should consult a licensed financial or tax adviser. Outcomes will vary depending on the applicant’s individual circumstances. All applications are subject to Pepper Money's normal credit assessment and loan suitability criteria. Terms, conditions, fees and charges apply. Pepper Group Limited, Australian Credit Licence Number 286655, is the servicer of loans made by Pepper Finance Corporation Ltd ACN 094 317 647.