Case Study - Trish

Meet Trish...

Case Study Trish

She had been looking to consolidate $100K of business debts

  • Age: 59 years old
  • Income: PAYG $82K
  • Super: $180K
  • Assets: House valued at $850K
  • Liabilities: Bank loan $130K
  • Occupation: Lecturer for the last 8 years


Trish's husband had passed away 1 year ago. Trish was a director and shareholder of his company but when her husband passed away the company ceased trading.

The company had been placed into liquidation by a creditor and $100K in unsecured business debts were now being called upon which are secured against the family home.

Trish was working full time in a PAYG role and wanted a mortgage to refinance the business debts that needed to be refinanced immediately.

The Solution

Trish was able to qualify for the Pepper Money's Near Prime (Full Doc) product.

In this case, it was necessary to obtain documentation (e.g. Deed of Company Arrangement) from the liquidator confirming that after payment of the $100K business debts, the company would have satisfied all of its financial obligations.

The loan was subject to standard underwriting criteria including selecting a loan term that was appropriate for Trish's retirement strategy.

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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.