Bad Credit Personal Loans

What are my chances of approval if Credit Impaired?
Perhaps you're new to Australia, or forgot to pay off your credit card, maybe missed some repayments or you've been bankrupt
We have unbiased and experienced staff with specialist training for these 2nd chance scenarios.
We consider things such as: have you ever filed for bankruptcy, do you own a home, how much is your current income, how long have you been employed at your current job, how long have you lived at your current address, do you have a credit rating, is it a good or bad credit rating, what is your net worth, and so on. The financial officer will then apply some maths to ascertain your credit status, determine the security over the loan, your current debt level, your income, and your ability to repay the debt.

First of all, it’s important to understand the nature of a personal loan. Unlike a home loan or a car loan, a personal loan is unsecured, meaning that you are offering no collateral to secure the loan. That makes the loan inherently risky for a bank or other lending institution.

In order to determine whether you can qualify for bad credit loans, it’s first necessary to fill out an application. A loan officer must determine your credit worthiness, even in the face of your bad credit history.



	Please note: Ausco Trading Pty Ltd takes no responsibility for the accuracy of this information. Non Conforming Loans makes all reasonable efforts to maintain accurate information. However all credit information should be used as a guide only. We urge users to check the terms and conditions on the specific credit applications when applying. You should check all costs related to any credit application with your financial adviser before making purchase decisions