Bad Credit

Will A Default Stop Me From Getting A Home Loan?

personOtto Dargan access_timeMarch 7, 2017

Have you ever been late with an electricity, mobile or credit card bill? There’s plenty of people who have and it’s not usually a big problem unless the debt is for more than $150 and you’re more than 60 days late in paying it. At this point, you’ll have a default lodged...

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Do You Have Bad Credit Due To Job Loss?

personOtto Dargan access_timeDecember 16, 2015

Job loss can be a devastating experience for any Australian. While many people do find their feet again, it can sometimes take a while to find work. In that time, bills and debts can quickly pile up and people who are unemployed can quickly find themselves missing mortgage payments,...

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Do You Have Bad Credit Due To Divorce?

personOtto Dargan access_timeDecember 7, 2015

Did you suffer credit damage due to a divorce and need a home loan? Have you been knocked backed for a mortgage even though you’re now trying to get back on your feet? Around 1 in 3 married couples get separated every year in Australia and it directly or indirectly leads to...

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Do You Have Bad Credit Due To Illness?

personOtto Dargan access_timeNovember 19, 2015

Do you have defaults on your credit file because you sustained an injury or fell ill and couldn’t keep up with your rent, bills and credit card repayments? Are you worried that the bank won’t accept your home loan application? The fact is, most banks will look at your application,...

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Don’t Let Bad Credit Stop You: Get A Great Interest Rate!

personOtto Dargan access_timeNovember 19, 2015

Normally, people with a bad credit history have to go to a specialist lender in order to get approved for a home loan. A specialist lender charges a higher interest rate, which can be anywhere between 2-4% higher than standard interest rates. While this may be the only option...

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Paying Off A Part 9 Debt Agreement Using Home Equity

personOtto Dargan access_timeNovember 18, 2015

Thousands of Australians experience financial stress on a daily basis and the hardest hit are usually families. In fact, the past financial year has seen part IX debt agreements rise by almost 2% to 10,911 and around 15% over the last quarter, according to the latest data from...

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Comprehensive Credit Reporting Is Here: Bad News For Borrowers?

personOtto Dargan access_timeJuly 30, 2015

One of the big four banks has flagged that it will start sharing much more information about customer accounts to credit reporting agencies as part of the so-called Comprehensive Credit Reporting (CCR) system from as early as August 2015. As more lenders get on board, it could...

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How To Get A Home Loan After Being Discharged Bankrupt

personOtto Dargan access_timeMay 27, 2015

If you’re one of 4,400 Australians currently bankrupt or on a Part 9 agreement (Australian Financial Security Authority), you may be wondering when you can start being treated fairly again by the banks and move on with your life. Even after you’re discharged, a record of...

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Is A Debt Agreement A Good Or A Bad Thing?

personOtto Dargan access_timeMay 19, 2015

Around 10,705 Australians entered into a debt agreement in past financial year, up from 9,652 in 2012-13. That’s according to a recent annual report from the Australian Financial Security Authority (AFSA), which found that debt agreements now make up around 36.27 per cent of...

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