Meet Geoff...

An interesting case of triple hurdles: Bankruptcy, self-employed and unusual income.

Self-employed man with a yellow cap



  • Geoff had previously been bankrupt because one of his largest creditors closed and did not pay. He lost almost everything – including his house.
  • Managing to meet his obligations under the bankruptcy, he has been discharged for 24 months.
  • After being discharged, he decided to start a new consultancy business.


His current situation

  • After 2 years, he has a clean credit history, and his consultancy business is ticking along nicely.
  • His wife Lisa has a part-time job that is commission only, which she has been getting for 3 years.
  • Having saved up a small deposit, the couple are keen to buy a house. However, the banks told them they needed to wait up to 8 years to get a loan again.


Real life solution

  • The issue had been caused by one creditor, who went bad themselves. Since then, Geoff has worked hard to recover, maintaining a clean credit history for over 2 years.
  • His consultancy business income fluctuates monthly but is stable. Although Lisa is on commission, she has a steady income through her part-time job.
  • Having demonstrated a good savings record for the past 18 months, combined with the deposit they have saved and their income levels, they qualify for a Pepper Near Prime Full Doc home loan option.




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* Fictional scenario. These case studies are based on real-life examples, are not testimonials and have been provided for educational purposes only. They are not intended to imply any recommendation about any financial product(s) or constitute tax advice. If you require financial or tax advice you should consult a licensed financial or tax adviser. Outcomes will vary depending on the applicant’s individual circumstances. Applications are subject to credit assessment, eligibility criteria and lending limits. Terms, conditions, fees and charges apply.

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