Bad credit means you have not met your credit obligations as per agreements signed in the past. It impacts on your future borrowings. Bad record could be as a result of delays in repayment or submitting credit applications to many lenders without any offers.
When you default a payment it get recorded. Even if you pay the amount subsequently this record will remain for some time. Some lenders may consider paid default favorably than an unpaid loan. When you cannot pay loans bankruptcy may be an option but bankrupt record will stay for ever in your credit file.
Since Global Financial Crisis there are many credit impaired people. Some with home loan arrears. Mortgages with bad conduct or mortgage loans with defaults, a refinance including a debt consolidation may be suitable for you if you think you can manage your finance in the future. Contact Us Today.
helping people with bad credit history to obtain home mortgage commercial loans or car finance by non conforming lenders is our service. These include following.
Paid default to Telco under $999 - Bad Credit Home Loans @ 90% LVR
Bad credit mortgages - LVR and interest rates to suit RISK level
Poor credit home loans - unlimited defaults, last 2 years clear credit up
Bad conduct REFINANCE to 80%, arrears and missed payments with or without defaults
As a home mortgage customer our lender may consider you for a bad credit 95% loans if you have only a small paid default.
A lender may undertake higher RISK in a home mortgage car loan or commercial finance at a higher interest rate. Extent of your bad credit history will make them more expensive.
Home loan for people with poor credit history available through our mortgage lenders.
A small paid default or two against a utility bill from Telco or another to the value of $999 are considered less risky than a often miss payments against a home loan or car loans. When you have defaults with finance providers then only non conforming lenders will consider you a loan. They may take higher risk and charge high interest than the standard variable rates offered by the banks. It is important to prove your recent credit responsibility to obtain such loans.