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Case Study | Debt Consolidation

A financial advisor contacted us regarding a client who needed a debt solution—and quickly. When interest rates were low, this individual took out a variable rate line of credit at a regional bank. He used the funds to pay a large tax bill, support private real estate investments, and fund various home improvements. The loan kept growing, interest rates kept rising, and before too long, the monthly payment became unpredictable and unmanageable. This individual contemplated liquidating his portfolio to pay off the line of credit. To avoid this immediate reaction, his financial advisor recommended a conversation with us.

TriState Capital Bank

by TriState Capital Bank