Financial Firm 360Grace Offers Solutions for Debtors Facing Bank Refusals
As the holiday season increases expenses for many Israeli families, those already struggling financially find the period particularly challenging. The desire to provide for children and celebrate the new year often clashes with harsh financial realities. The firm 360Grace, specializing in assisting property owners with complex financial situations, addresses these issues by offering alternative solutions when banks refuse loans.
360Grace emphasizes understanding the root cause of financial difficulties, rather than solely focusing on the amount of money needed. They analyze factors such as credit ratings, legal judgments, income levels, and property details to build a tailored financial plan. The firm's approach prioritizes finding sustainable solutions that can improve a client's financial standing.
In one case, a 39-year-old father of eight with approximately 800,000 shekels in existing loans, who needed an additional 500,000 shekels for his business, was overwhelmed by monthly payments totaling 18,000 shekels on a combined household income of 22,000 shekels. 360Grace consolidated his debts through property financing, provided the business capital, and reduced his monthly payments to about 9,000 shekels. This also led to the closure of two legal enforcement cases and allowed his business to grow, even enabling the purchase of new equipment.
360Grace conducts thorough financial reviews, examining income, expenses, and repayment capabilities. They also explore financing options with other regulated entities when standard bank channels are unavailable. Importantly, the firm advises against taking new financing if the repayment burden is too high or if it would exacerbate the client's financial problems, sometimes recommending against the loan altogether.
The company invites individuals facing financial difficulties and bank rejections to a free, no-obligation initial consultation to explore new financial pathways, especially for those who own property.