Client Success Story: £49,000 Consolidation Loan Approved When Others Said No

At TMAC, we’re proud to be problem-solvers — especially for clients like Caroline, who came to us feeling stuck after being turned away by multiple brokers..

The Situation: Equity, Income — but Credit Challenges

Caroline reached out to us seeking a £50,000 consolidation loan. On paper, she had several strong factors working in her favour:

• A steady, well-paid income

• Significant equity in her home

• A clear objective: to tidy up multiple debts and regain financial control

But one issue kept holding her back — her credit history.

Over the years, Caroline had experienced a few financial hiccups that led to defaults on unsecured credit. These accounts were eventually sold to collection agencies, showing up on her credit report as active accounts with debt purchasers. While she'd moved on financially and was back in control of her income and spending, her credit file told a different story — one that many brokers saw as too risky.

❌ Turned Down Again and Again

Despite her strong equity position and reliable earnings, Caroline had been turned down by several brokers. Some said her credit score was too low, others claimed her case didn't “fit criteria.” Most simply weren’t willing to look deeper.

But at TMAC, we do things differently.

🔍 Our Approach: Seeing the Full Picture

When Caroline came to us, we took the time to understand her full situation, not just the surface-level credit report. We could see:

• She had the means to repay a loan comfortably

• She had already demonstrated financial stability in the present day

• Her goal — to eliminate high-interest credit and a costly second charge loan — was responsible and strategic

We believed she deserved a fair shot.

✅ The Outcome: £49,000 Approved Over 10 Years

We successfully sourced a £49,000 loan over 10 years, allowing Caroline to:

• Clear all existing unsecured debts

• Repay a high-interest second charge loan

• Replace multiple repayments with one affordable monthly payment

• Save hundreds of pounds per month in outgoing costs

The difference was immediate — not only financially, but emotionally. Caroline went from being rejected and frustrated to finally feeling in control again.

💡 Why This Matters

Caroline’s story is a powerful reminder that:

• Past credit issues are not a barrier to entry.

• Equity and income do count — they just need the right lender and broker

• Tailored solutions can make a huge difference

🟢 Struggling With Credit But Have Equity?

If you’re in a similar position to Caroline — juggling multiple debts, high-interest payments, or being declined elsewhere — we’d love to help.

📞 Talk to TMAC today. We see people, not just credit scores.