Are you looking for a Loan but have a low score or a bad credit file? We are here to assist you!
Yes! you can get approved for a home loan with bad credit. There are specialist lenders out there and the team at Finesse Loans can assist you with different types of bad credit.
What is considered as ‘Bad’ on your credit file?
First of all, you should be aware that a record of your loans, limits and repayment history are maintained by credit agencies like Equifax, Experian etc.
If your main banks such as CBA or NAB figure out that your conduct reported on your credit file shows any adverse, you are less likely to get a loan approved by them.
Most common types of adverse noted on your credit file are:
• Defaults/Non-Payment or Overdue Accounts
• Worse Repayment history
• Unpaid bills or taxes
• Company in financial trouble
• Part IX Debt Agreement or Bankruptcy
• Too many enquiries or loan applications
How can we help to get your loan approved in case of a Bad Credit?
Finding the right lender is a key to get approved for a home loan with bad credit. While major banks may be difficult to deal with due to their strict lending policies, there are non-conforming and specialist lenders who take a more flexible approach. We are accredited with these specialist lenders, will fully assess your circumstances, and discuss your scenario to offer you a customised solution to meet your requirements. We will also recommend you ways to improve your credit file so after a certain time, you will be able to qualify and get a loan with Mainstream Bank.
If you have any concerns, Feel Free to Call ~ 0434 993 699 or 1800 346 562 and Book an Appointment with our Mortgage Experts at Finesse Loans.