Cell grazing farm debts

There is no need to risk losing the family farm by keeping a farm debt that’s not helping you.

Cell grazing works well for your pastures, so why not apply it to your farm debt mortgage management.

Staying with your existing bank through tough times can eat away most of the original goodwill.

Think of bank lenders as cells. Have a good relationship with one and then move on before the relationship sours completely. As it is mostly done on line you don’t have to stay with a local bank.

Borrow Better by checking out fresh lenders to see which offers a farm debt to suit you best.

Over-patronising one bank can damage your farm finances, like overgrazing damages your paddock.

Independent of any bank, GBAC farm debt consultants are not paid commission by the bank like brokers are, to deliver you to them. GBAC is firmly on your side, seeking the farm debt that suits you best.

GBAC combines its own 4th gen. farming experience, accounting, tax and economics qualifications with a passion for fairness towards farmers.




Business Borrowers can Borrow Better

It is one thing to take out a personal mortgage loan to buy a home when the borrower has a secure job with a salary that will provide plenty of funds to cover repayments. However, business owners know that their profits can vary from year to year depending on a variety of factors, not all are under their control. Cashflow can also vary even more frequently in an unstable economy.  It is important that they obtain a loan with the very best interest rates and the most flexible terms to accommodate those variations without the bank disrupting cashflow by unreasonable demands. Banks always give themselves great power in the fine print of their loan contracts.loan application

The Borrow Better facility puts borrowers in charge. That is a big change from working with a bank or a bank-paid broker, where the bank begins and remains in charge of the loan facility. When four or five banks have competed to lend to a business and the business owner after some discussions and analysis of the loan offers, has chosen one, that bank looks after them and the other banks stand ready to pick up the business should that banking relationship sour in the next year or so. It also means that instead of a very substantial brokerage fee being partly paid as an establishment fee and partly  capitalised into the loan repayments, the chosen bank will probably reduce or eliminate the loan establishment fee.

Businesses that have used the Borrow Better facility, have run with the same lender and excellent relationships through good times and bad for decades. That may be because most have engaged  The Borrow Better founders GBAC business loan consultants to ensure that the loan is serviceable by the business and that the business is run on sound profitability principles so that it can always cope with the loan.

Protection Racket looks after Big Bad Banks

Banks knew interest rates would rise. Borrowers did not.

Thousands stand to lose their homes, deposits, repayments, businesses or farms. Banks will patiently wait until they trip up then pounce. Banks collect interest in all those years as they wait.

There are many bank debt solutions for borrowers . If you or someone you know is threatened with foreclosure, or under pressure by the bank, contact us at FairGO  or GBAC for a FREE chat.

Why would Federal Parliament, ASIC provide protection for dishonest banks?

We will not be stopped from helping home buyers by the federal Debt Management Services regulation designed to protect dishonest banks from our forensic investigation into their home loan practices. Maybe it was introduced in 2021 during Covid as a temporary measure but the Federal MPs need to get rid of it now. They did enough damage to customers by deregulating banks in the late 1980’s. Ever since then federal and state taxpayers have been paying to help out borrowers entrapped, lied to , cheated and misled by their deregulated banks.

Banks are earning billions and can afford to stand by customers when  things get tough. They just don’t care!


GBAC will not stand by while bank customers suffer.

We will help borrowers out within that cruel law, as we have done for borrowers all over Australia since federal politicians first de-regulated banks in the late 1980’s, allowing them to rip of customers as the  Royal Commission discovered.

That is why GBAC bank debt solutions has just launched “Bankwatch” to run the same sort of Votergram campaign as Roadwatch did when it reduced the road toll by 70%. In those days the road transport industry behaved like the banking industry does now. But the truck drivers joined Roadwatch and reported on their corporate bosses. Now bank customers and staff will be able to discretely report their director and CEOs to every member of federal Parliament

Banks think that their big political donations protect them, but through our GBAC and Votergram services, we have provided Australian voters with more power and influence than voters have in any other democracy in the world. As Normie says “You don’t have to suffer in silence”.

10 ways to Beat the Bank Borrower Blues

Unaffordable debt is a prime cause of business failure, like the “Phoenix” solution talked about in recent media – “Phoenix scams about to go down in flames”. Crooks crooksmay find that winding up one business and starting another works for them, but honest business owners can do a far better job that improves their credit standing and position in the community. Because business owners, particularly those with small to medium sized businesses, are often so busy running the business, they may not control debt properly at the same time. 

1. Take the demand notice seriously. Many borrowers put it aside as an idiotic piece of paper that fantasizes about a huge amount of debt. It should be dealt with immediately.

2. Call on the very best bank borrowing consultant you can, because you may be certain that the bank has already employed the very best of lawyers and the sort of debt collectors who figuratively wield baseball bats with a mean hand, to collect every cent you owe.


3. Get out your loan documents and letters and read them carefully with your bank consultant. You will see, perhaps to your surprise, that you have pledged to deliver your children’s hearts on a plate to the bankers if you don’t pay up. If not their hearts certainly their happiness in terms of their home and security.

4. Look inquiringly into what has caused the problem. Over-spending? Over-expansion? Losses? The economy gone bad? Government policy? Cash-flow crisis? Drought or flooding rain? What has caused this situation? Only by finding out can it be readily rectified. Was it purchasing too much property or a sudden rise in interest rates?

5. Look for refinance. That means approaching every other bank lender to see which of them will refinance the loan. It is important to act on this with your banking consultant as soon as demand notices arrive. But don’t apply until the business has been worked over for improvement.

6. It is far better to have looked for re-finance as soon as the loan facility became difficult to manage or payments became overdue. The earlier you decide to seek re-finance the easier it will be to obtain, if you have a half-competent consultant.

7. Prepare a very attractive and appealing bank loan application. Your consultant can do this. It needs 5 or 6 good photos to put new banks in the picture on what you do. Use accurate “management” accounts and only put your tax return at the back. The tax act allows a lot of items to be written off that are not really expenses, including owners’ salaries and capital improvements. Your consultant will reconcile the tax return with management accounts.

8. Take severe cost-cutting measures and work hard to cut costsincrease income in order to increase profits. Reduce capital equipment and stock on hand to provide extra cash. Don’t take little steps in this exercise. Be ruthless! Remove the dead wood and overcome lack of return.

9. Force the business to earn profits you can draw out. Put them into a special “savings” account to make major debt improve efficiencyreductions later. Paying off small amounts as you go does not usually work because the bank will often let you draw them out again.

10. Sell non-essential assets to clear debt. It is surprising how much money can be generated by the serious identification of surplus assets that just lie around and the conversion of them into cash.

“Borrower beware, sign with care.” Greg Bloomfield