“I saw an ad on TV for Household Capital, so I decided I would apply and I now have my new car”– Lynne, 75, New South Wales
Lynne is a 75-year-old retiree who lives in Blacktown, a suburb in Greater Western Sydney. After her husband passed away, she needed to buy a reliable car that would help her live her retirement years with maximum freedom and safety. However, Lynne found couldn’t secure a loan from a bank – and after seeing a Household Capital ad on TV, she realised she didn’t need to.
Lynne discovered how Household Capital can help older Australians enjoy a comfortable and secure retirement. By accessing the equity in her home, what we like to call her Household CapitalTM, Lynne received the money she needed to purchase her new car. She also used her Household CapitalTM to landscape her garden and establish a contingency fund for unexpected expenses, which provided her peace of mind.
“The way I looked at it, I'm only using the roof of my house,” Lynne says. “Therefore, by the time I have to move out of my house, my kids will still own the four walls, and it still will only be the roof that I have borrowed and used.”
Lynne was so happy with her experience at Household Capital that she recommended it to her close friends Raelene and Suzanne, who – like Lynne – can now enjoy retirement without worrying they will run out of money.