Case Study - Steve

Meet Steve...

Case Study Steve

He had an ABN registered for only 6 months

  • Age: 26 years old
  • Occupation: Truck Driver
  • Income: Averaging $2,200 per week
  • Assets: Savings $10K; Inheritance $55K; Truck $45K
  • Liabilities: Truck Lease $25K
  • Credit Impairment: None


Steve's dad is a truck driver and had helped Steve set up his own business 6 months ago. Following in his dad’s footsteps, Steve had secured various contracts with different well known haulage companies.

His ABN had been registered for just 6 months and he had also been GST registered for 6 months.

Steve had told his broker that he banked his earnings into his business account and that he has also lodged quarterly BAS statements with help from his accountant.

Steve has also recently come into an inheritance; he had already started saving for his own home but now with access to this inheritance he felt he had sufficient funds to purchase. He wanted to enter the property market as soon as possible.

The Solution

Steve was able to qualify for the Pepper Money Specialist Alt Doc product.

Steve was able to choose from 3 different methods of verifying his income including 6 months business bank statements OR 6 months BAS OR Steve's accountant may complete Pepper Money's Accountant's Letter.

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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.