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There are many reasons why you may have been refused credit. They usually fall into the following criteria:
- You have a blemished credit history
- You have a less than perfect repayment history
- The property security is not in “acceptable areas or postcodes”
- The property security has been valued at below original expectation
- Your employment history is unusual or erratic
- You are self-employed and have not been in business for more than 2 years
- You do not have up to date tax returns or business figures
- You are living and working overseas
- You are a recently arrived immigrant
Whatever the reasons, if you can afford the repayments on a loan then there are lending alternatives that can give you the opportunity you are looking for.
Click here to make an enquiry
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Do you have blemish on your credit history?
 Credit defaults can happen to anyone and it is far more prevalent than people think. About 10% of the community have credit defaults that can result from any of life's unexpected events. Loss of work, business failure or loss of expected cashflow, sickness or injury, divorce. Even aggressive debt collection can precipitate a cashflow crisis which leads to loss of a good credit rating or worse - bankruptcy. Most people with credit defaults work hard to re-establish themselves and in the last few years a new breed of lender has emerged with innovative finance products for this market. There are now affordable finance solutions for people with credit defaults or bankruptcy history.
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Credit recovery loans
- No proof of income
- No ABN
- No loan statements
- No need for explanations
- True asset lend - up to 80% LVR
- Rate reduction for good loan conduct
- Individual, company & trust borrowers
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 There are over 13 million credit reports held in Australia, 1.5 million of which contain defaults on them. Research has found over 30 percent have errors on them! (Choice magazine, January/February 2004). If you believe your credit file has errors or you dispute the registered default or judgment - get it fixed.
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