Refinancing Car Loans With Bad Credit
There’s a little known fact about bad credit car loans that saves people time, money and their credit rating – it is in fact possible to refinance your bad credit car loan after a certain amount of time. If you’ve been paying off your car loan on time and in full each repayment period, you […]
Can I get a car loan with bad credit and no deposit?
If you have bad credit and no deposit and need a car, don’t despair. You can still get behind the wheel even if mainstream lenders have rejected your applications. Some lenders are prepared to lend up to 1.5 times the value of the vehicle you intend to purchase. This means you can also finance insurance and […]
Why do Lenders Need to Check My Credit When I Apply for a Car Loan?
If you’ve never applied for a car loan before, the lender or broker will always conduct a credit check. They use automated tools to view your credit history and assess whether they will lend money to you. Sometimes you’ll also have to bring supporting documents like payslips, residential history or bank statements. That seems like […]
Discharged bankrupt car loans – how does it work?
The first question many people discharged from their bankruptcy is whether they’ll be approved for finance again – not just car loans but all types of loans. Finding a lender who will take on an ex-bankrupt or an ex- Part IX Loan Agreement holder seems impossible. Don’t worry: If you have gone through bankruptcy and are in […]
Don’t take the No Credit Check bait
There’s not much worse than going into a broker or lender and finding out you’ve been rejected for a car loan. If you have bad credit and are fretting about finding car finance, you may scour the internet for a way around a credit check. At last – you find it! No Credit Check Car […]
5 ways to get a car loan with bad credit
Applying for a bad credit car loan fills many people with apprehension. What can you do to make sure your bad credit car loan gets approved? We’ve put together five ways to make things easier. 1. Put yourself in the lenders’ shoes Lenders specialising in car loans are genuinely trying to help people. They WANT to see as […]
Car Finance for the Self Employed
If you work for yourself, the banks and lenders look at you as if you’re a bigger risk. You might make a good income and enjoy the freedom of a self-employed or entrepreneur lifestyle. That comes with a drawback. Many lenders and banks will reject your car finance application just because you don’t have a […]
How can your busy credit history affect your car loan application?
When applying for a car loan, your credit history will be thoroughly investigated. Your credit history has to indicate that you are a reliable borrower, who is most likely to repay the loan. Factors which carry a lot of weight in obtaining a car loan are: your income, your assets, your bill payment record, whether […]
Should you buy a new or used car?
One of the main questions of any Australian who wants to purchase a car is whether to buy a new or a used one. When it comes to this type of investment, the debate is endless. Moreover, if you are interested in buying a car, most probably your friends overwhelm you with numerous pieces of […]
What are the costs involved with car finance in Australia?
When you decide to buy a car, no matter if new or used, most probably you will need finance. As not many people have saved enough money to pay for it, loans are very popular in Australia. But what do they involve? You can borrow money for your car in the form of a car […]