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The Smiley’s Refinance & Debt Consolidation

19 August 2016,


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Mr & Mrs Smiley run a successful electrical business.

Mr Smiley is great on the tools but not so great with paper work, and hasn’t lodged his BAS or returns for the last 3 years.

Mr and Mrs Smiley recently received a letter from the tax department stating they were aware they hadn’t lodged a return for quite some time.

The Smiley’s finally visited their accountant, but hadn’t listened to his previous advice to keep money aside to cover their likely tax liability. They have now received notification that they need to pay of a large ATO debt.

SOLUTION
Running a successful business with sufficient income meant that the Williams were able to refinance with RedZed and consolidate their mortgage and tax debt into one.

All examples or scenarios are illustrative only and do not amount to endorsements. The names used are fictitious. All loan applications and requests subsequent to settlement are subject to RedZed’s lending criteria and lending policy which may be amended from time to time without notice. Fees, charges and conditions apply.

Any content on this website is general only and does not take into account your particular circumstances and needs. Before acting on any content you should assess or seek advice as to whether it is appropriate for you.

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