The trouble began when Dave, a self-employed resident of Victoria BC, took some bad accounting advice. Forcing him to shut shop, Dave found himself owing the Canada Revenue Agency money and it wasn’t long before they garnished his accounts to collect his past due tax money. Alas, Dave had to find work elsewhere.
At the same time Dave’s wife, Darleen, operates a home-based daycare. In need of home renovations and a suite to generate additional income, the couple approached their bank looking for a $100,000 mortgage for their $350,000 home.
After a long two weeks, the bank denied the pair the loan due to their bad credit, job history, and lack of current work hours. As their own bank turned them away, the couple began to feel discouraged. Then they went to Auxilium Mortgage.
Walking into the office on a Wednesday afternoon, by Friday the appraisal was complete, and by the following Wednesday they had their cash. Not only was the couple instantly approved for the loan despite their bad credit, but Auxilium also structured an affordable payment plan for Dave and Darleen, and helped them put money aside to make those payments.
"We are very happy with the service provided," says Darleen. "Auxilium's customer service is amazing and they are efficient!"
Today Dave and Darleen are on the path to rebuilding their credit and by next year any mainstream lender will be happy to assist with a loan. The entire process was done in a flash, and best of all, their new suite is on the way!
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