Tony & Stephanie

Credit intermediation
Case study 2

Tony and Stephanie* were taken advantage of by a mortgage broker, who they soon realised had made false promises and was profiting at their expense. With children to consider - Tony and Stephanie are in debt and experiencing financial hardship, to the point where they are barely able to afford groceries and living expenses. 

 

The CSLR payment has shined a beacon of hope for what was an extremely distressing situation for the family. 

 

"We were misled by a mortgage broker who we trusted as a friend. Believing he was helping us, we soon realised he was profiting at our expense. 

 

Lacking industry knowledge, we were vulnerable to his deceit and conflict of interest. He got us a mortgage loan by falsifying projected income to secure a loan we couldn't afford.

 

The stress was unbearable, with many sleepless nights. 

 

Because of this, we are experiencing financial hardship, are in debt and with barely enough money for groceries and living day-to-day.

 

We have children whom we love deeply and want to shield from our anguish. The CSLR payment is a beacon of hope, allowing us to address our debts and regain some stability. Without CSLR, we risk losing our home. We are incredibly grateful for this support and the chance to rebuild our lives."

 

*Names changed for privacy