Bad Credit Loans are a flexible secured loan product for those with bad credit or difficult situations like short term employment. It is a second chance product to help people reinvigorate their credit rating, and get back in the credit market.
Perhaps you are new to Australia, or forgot to pay off your credit card; maybe you missed some repayments, have been bankrupt, or are just unlucky.
We understand sometimes bad things happen to good people and often they deserve another chance but a careful assessment must be done before a finance company will take that risk.
Many applicants reading this may already have been declined or knocked back elsewhere. If this is the case don’t despair. We have experienced consultants with specialist training for these types of scenarios.
Although being secured on your purchase, interest rates for bad credit finance applications are generally higher than all other types of car finance because of the higher level of risk involved.
What do we need to do?
Because the Lenders we approach once you have bad credit will need to have a full understanding of what happened in the past, but more importantly what your current situation is, we will need to ask you quite a few questions and get as much supporting information as we can. The more information we have, the better we can understand your situation, the better chance we have of getting a great approval for you and help you reach your current goals.
What is the best way to apply?
Because we need to understand your current situation in great detail to get you the best possible loan, we suggest we meet with you in person or put 30 - 45 minutes aside to talk to us on the phone. Online forms are a great convenience, but we really can't get the level or understanding we need from them, so if it suits feel free to put your details into our online application form but we will need to contact you after to get more information. The better we can understand what happened, what your situation is now and what your requirements and objectives are, the better we can help you achieve your goals.