Im paying 24% with a hire purchase company!

Viewing 4 posts - 1 through 4 (of 4 total)

lstreet
Member
@lstreet
Join Date: 2006
Post Count: 22
August 31, 2006 - 7:55 am
Just wondering that if i have a bad credit rating can i still get a loan to bring my interest rate down??? Or do i have no chance?
Kind Regards
lstreet
Josh-Prestigeloans
Member
@josh-prestigeloans
Join Date: 2006
Post Count: 62
August 31, 2006 - 9:11 am
We talking about hire purchase or Home Loans?
Depending on the defaults or the bad rating on your Baycorp, some defaults can be dismissed from the lender, such as small telecommunication defaults. Depending on what is wrong with your report, can result in only a handful of lenders we can apply to, on the other hand, if they are small defaults and have been paid and an explanation can be provided, some of the big banks can consider the deal.
Regards
Joshua McEwen
Finance Broker – WA
http://www.prestigeloans.com.au
Brokers Lic 1297
Licensee Brett Christie
Daviddanae
Member
@daviddanae
Join Date: 2005
Post Count: 64
August 31, 2006 - 9:13 am
Hi Istreet,
My advice would be to discuss this issue with your bank.
David
Mortgage Hunter
Participant
@mortgage-hunter
Join Date: 2003
Post Count: 3,781
August 31, 2006 - 9:31 am
Mate,
Get on the phone and call some lenders inc banks and credit unions. Aim for a decent personal loan.
After you get the rate under control you can start cleaning up the CRA.
Cheers,
Simon Macks
Residential and Commercial Finance Broker
***NODOC @ 7.15% to 70% LVR***
[email protected]
0425 228 985
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