Case Study #1 - Nyasha Story: From a Small Request to a Smarter Solution
The Need
Nyasha came to Loansmart asking for $1,500 – she wanted to help her nephew pay education costs overseas in Zimbabwe. On the surface, it was a small and simple request. But like many of our clients, there was more going on behind the scenes.
The Challenge
Nyasha’s current debts included a secured car loan and several other commitments with high interest rates. She had also been thinking about upgrading her vehicle but wasn’t sure how to make it happen. The $1,500 she asked for would cover her nephew’s education fees, but it wouldn’t ease the bigger financial pressures or help her achieve her longer-term goals.
The Solution
At Loansmart, we always take the time to look beyond the immediate request and understand the bigger picture. For Nyasha, that meant exploring how we could not only cover her nephew’s education costs but also restructure her finances to make life easier and more affordable.
The answer was a debt consolidation loan. We offered Nyasha a $30,000 unsecured loan that combined all her existing debts into one easy-to-manage repayment. This cleared her secured car loan, making her vehicle freehold, and gave her the $1,500 she originally needed for her nephew. It also meant she could trade in her car and upgrade to a newer model without any hassle. On top of that, the new loan carried a lower interest rate, reducing her repayments by around $85 per week.
By rolling everything into a single debt consolidation loan, Nyasha now has fewer repayments to juggle, lower weekly costs, and the freedom to move forward with confidence. It’s exactly what Loansmart does best — creating solutions that don’t just meet the request, but improve the bigger picture.
And just like Nyasha, you don’t need to have all the answers when you come to us. Many of our clients start out asking for a small loan but discover that a debt consolidation loan is actually the smarter solution. By rolling multiple debts into one, you can often lower your interest rate, reduce your repayments, and simplify your finances – just like Nyasha did.
All you need to do is share what you’re trying to achieve. We’ll do the hard work to find the smartest way to get you there – whether that’s consolidating debt, freeing up cash flow, or unlocking new opportunities you hadn’t even considered yet.
Case Study #2: Maria’s Smarter Loan: Renovations, Family Time, and Financial Freedom
The need
Maria came to Loansmart asking for $10,000 to renovate her family home overseas. It was an important project for her, but she was also juggling high weekly expenses that made saving nearly impossible.
The challenge
During our full assessment, we discovered that Maria was paying more than $300 each week to Afterpay. These payments were draining her finances and leaving her with little flexibility. On top of that, Maria had a dream of visiting her family overseas later in the year, but she doubted she could afford both the renovations and a trip abroad.
The solution
At Loansmart, we always look at the whole picture to find the smartest way forward. Instead of just approving the $10,000 Maria asked for, we structured a $25,000 debt consolidation loan. This gave her the funds she needed to complete her home renovations, clear her Afterpay balances, and still have enough left over to plan a trip to see her family for Christmas.
The best part? Her repayments dropped to just $180 per week – a huge improvement compared to the $300+ she had been paying to Afterpay alone. That’s more than $120 in weekly savings, plus the ability to finally move ahead with her plans instead of feeling stuck.
Maria was so overwhelmed by the result that she needed time to take it all in before calling us back. By consolidating her debts and restructuring her finances, we turned what felt impossible into a solution that gave her freedom, savings, and peace of mind.
Like Maria, many clients come to us unsure of the best option. Our role is to uncover the solution that makes life easier, and improves their financial wellbeing in the long run.
Many clients are also surprised to learn how a debt consolidation loan can reduce their repayments, simplify their finances, and unlock opportunities they never thought were possible.
Want to find out how we can help you get on top of your finances? Get in touch with our friendly team today!
