Case Study #1: Gabriel
The Need
Gabriel moved to New Zealand from the Philippines in 2023, leaving his family back home to find a better life.
His plan was to get a job and earn money to send to his family and eventually bring them all over to New Zealand.
The Challenge
Earning enough money to do this proved difficult for Gabriel, especially with New Zealand’s grim economic situation.
He was getting by, but wasn’t able to spare as much as he’d hoped, so it was going to take a long time before he could bring his family over to New Zealand.
He applied to Loansmart for a $5,000 loan to help with buying some household items, but we went beyond that to help him achieve his goals.
The Solution
Understanding Gabriel’s intentions of bringing his family to be with him in New Zealand, his loan advisor arranged a $20,000 loan.
These extra funds enabled him to fast-track bringing his family here, as it covered paying for the flights and starting the visa process.
This is exactly why so many Kiwis turn to Loansmart – we understand their needs and work hard to find personalised solutions.
We don’t do a one-size-fits-all approach to lending – we take the time to understand your financial situation so we can set you up for success.
Case Study #2: Morgan
The Need
Morgan’s car broke down and she desperately needed to replace it.
She relied on her car to get to work, and because she is a shift worker, she couldn’t rely on public transport to get her around.
Wanting something reliable and reasonably modern, Morgan figured $10,000 would be a good amount for a decent used car.
The Challenge
Morgan first applied to a major finance company for the loan but was declined due to some bad credit on her file.
The bad credit was from a time when she was a student living in a flat and she had shared expenses with others, but they proved unreliable in paying their bills and her credit score suffered.
Unfortunately, this is a relatively common scenario and highlights the importance of keeping accounts separate in shared living situations.
In any case, Morgan’s credit score had taken a hit and this impacted her ability to get a loan, so she contacted Loansmart for help.
The Solution
Loansmart was able to get Morgan the $10,000 loan she needed, and it was through the exact same lender that declined her previously!
This is because as loan brokers, Loansmart has long lasting relationships with top-tier lenders and we know how to negotiate great deals for our customers.
By herself, Morgan was unknown to the company and they didn’t want to take a chance on her. But with a Loansmart loan advisor to go in to bat for her, a good deal was worked out for both parties.
This demonstrates the power of using a loan broker like Loansmart, and how we can get positive solutions even when others say no.
To find out what we can do for you, get in touch with our friendly team today!
