Fox Symes is a specialist lender dealing with borrowers, both individuals and businesses, who are currently experiencing bad credit or who can not meet their current debt obligations. If you're struggling to repay your existing debts, whether it's credit cards, home loans, personal loans or something else, then you may want to consider looking at Fox Symes to help you make sense of your financial situation.
Speak to an expert at Fox Symes and get help with your debt
Can you benefit from Fox Symes?
- Are you in arrears with your existing home loan?
- Are you struggling to make your regular repayments?
- Do you have an irregular income?
- Are you having trouble managing your debts?
- Do you have a credit history with some negative entries?
If you answered yes to any of the above questions, Fox Symes might be able to assist you with your financial situation.
It's important to note that Fox Symes is not your typical lender, so read the terms and conditions before you commit to anything. Don't be afraid to ask the staff there to explain every detail of your contract and what debt agreements you may be getting into in order to be eligible for one of its products.
What mortgage refinance options do you have?
If you need financial assistance then the best option is to contact Fox Symes using the "Enquire" button above for more information. It offers a free mortgage assessment where it will review your situation to see how it can save you money by refinancing your existing loan.
When you apply for refinancing, you basically apply for a new loan. You then use the new loan to pay off your old one, and perhaps consolidate some other debts into the loan. The idea is to refinance to a lower rate loan so you can save on high interest rate costs.
Then, instead of having to pay higher interest on your credit card debts, personal debts and home loan you can pay one low interest rate and one monthly repayment.
Refinancing allows you to:
- Minimise the amount you owe
- Have just one loan to take care of monthly
- Pay less in interest
- Pay off your home loan much faster than if you were to keep your existing debts
Example: Sally and John are a typical Australian couple
5 years ago, the couple bought their own home. But they didn't start out debt-free. They had various loans from the past including a personal loan, a car loan and 3 credit card debts.
As you can imagine they were pretty frustrated about the increased repayments and the consistent worry about finding the money to pay off their debts. They were about to fall into a bottomless pit of debt that got bigger every month.
A snapshot of their loan accounts revealed the following:
|Loan account||Balance||Minimum monthly repayment|
|Mortgage vehicle loan||$16,500||$300|
|3 credit cards||$40,000||$1,200|
Their minimum monthly repayments at the time were $4,550.
After getting a refinancing assessment from Fox Symes, Sally and John took out a new home loan for $490,000. This allowed them to consolidate all their existing debt into the new loan.
On top of this they now only have to pay a single monthly repayment AND are saving a whopping $1,300 per month.
* This is a fictional, but realistic, example.
Fox Symes at a glance
A subsidiary of FSA Group Limited, Fox Symes is listed on the Australian Securities Exchange as a public company. FSA Group Limited is one of Australia's largest debt solutions organisation.
Want to speak to Fox Symes about your options?
If you would like to find out more information or discuss your eligibility with Fox Symes, please click on the "Enquire" button to request a call back from one of its consultants.
You'll need to be an Australian resident to be eligible for any loans offered by Fox Symes and will be asked to provide a few details, such as:
- Type of debt
- Name and contact details
- Best time to call
Features available with a home loan with Fox Symes
|Maximum loan amount||Up to (depending on your loan and financial situation)|
|Loan to value ratio (LVR)||LVR|
|Split loan facility|
|Re-draw extra funds**|
|100% offset account|
|Online account access|
*You can pay your repayments weekly, fortnightly or monthly
**You can re-draw all excess monies paid (the money you paid on top of your scheduled repayments)
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