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Viewing 9 posts - 1 through 9 (of 9 total)
  • Profile photo of 1daysettlement1daysettlement
    Join Date: 2015
    Post Count: 3

    Hi i have had bad credit since making mistakes as a youngster. I have now saved a 20% deposit with a stable job and perfect saving record over a year. Was curious if i was better to look at getting finance from NZ and property there as nobody will touch me in australia. Thanks

    Profile photo of Kinnon BellKinnon Bell
    Join Date: 2014
    Post Count: 151

    Are you sure no-one will touch you in Aus? Imperfect credit isn’t the end of the world – some lenders will still provide finance if your credit record isn’t perfect. There even some lenders who will provide finance for discharged bankrupts from day 1.

    Kinnon Bell | Kinetic Funding
    Email Me | Phone Me

    Mortgage & Personal Loan Broker based in Cairns and Melbourne but servicing clients Australia wide.

    Profile photo of 1daysettlement1daysettlement
    Join Date: 2015
    Post Count: 3

    Im still looking in Australia. Can anyone tell me the process of getting finance from an nz broker for nz ip

    Profile photo of Jamie MooreJamie Moore
    Join Date: 2010
    Post Count: 5,069


    All comes down to what’s on your credit file. There are non conforming lenders that might consider.



    Jamie Moore | Pass Go Home Loans Pty Ltd
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    Mortgage Broker assisting clients Australia wide Email: [email protected]

    Profile photo of TaylorChangTaylorChang
    Join Date: 2009
    Post Count: 234

    Bad credit not necessary kill the borrowing.

    If it is long time ago, say 5+ years ago, then you still have good chance to get the lending from the major lender(s), providing you have been paying all the creditor(s) on time …etc.

    Just like Jamie mentioned above, it’s all come down to what’s on your credit file.

    TaylorChang | Finance Broker
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    Home loan | Commercial loan | 0414 691 517

    Profile photo of RedwoodRedwood
    Join Date: 2013
    Post Count: 340

    I do alot of bad credit loans – from 1 plus day bankrupt to huge credit defaults, there will be lenders for you, however the product and rate will vary. As you have deposit – what about your income?

    Your not priced out, however need to choose the right lender to get the best rate.

    Cheers Ivan

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    Profile photo of Corey BattCorey Batt
    Join Date: 2012
    Post Count: 1,010

    As mentioned above, still lots of options for credit impaired – dependent on the circumstances the results can arrange anywhere between marginally more expensive than mainstream credit to extortionate.

    Generally first step is to get any debts paid out – ongoing unpaid defaults aren’t going to help you.

    • This reply was modified 8 years, 6 months ago by Profile photo of Corey Batt Corey Batt.

    Corey Batt | Precision Funding
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    Investment Focused Finance Strategist - servicing Australia-wide

    Profile photo of Richard TaylorRichard Taylor
    Join Date: 2003
    Post Count: 12,024

    Not at all and no reason to look overseas.

    Had a non conforming loan approved yesterday for another forum member with adverse credit and have another in today in a SMSF so you are not alone.

    Like anything full disclosure goes a long way in getting the deal over the line.


    Yours in Finance
    0-40 Properties in a decade. Ask me how.

    Richard Taylor | Australia's leading private lender

    Profile photo of Captain CapitalCaptain Capital
    Join Date: 2013
    Post Count: 23

    Get your credit file cleaned up. I just had two defaults removed from my file. Not cheap. Cost me $1000 per default.

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