Bad Credit Loans Blog

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How to Avoid Being Scammed With a Bad Credit Loan

  Many people turn towards bad credit loans because they don’t have an optimal credit score to apply for a standard loan. Unfortunately, more and more Aussies get scammed by fake lenders that promise a certain loan, in exchange for some charges. There is a number of fake loan offers on the market, and figuring out which ones are legitimate or not is quite difficult. The process used by scammers is remarkably similar to the one employed for regular bad credit loans. So, you should keep an eye out for the following signs: Pay attention to the way in which […]

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Getting a Bad Credit Loan When You’re Self Employed

  Self-employed people or entrepreneurs usually have a tough time getting a loan. This happens because they don’t have all the necessary paperwork to attest that they have the finances to repay the loan. Not being able to prove that you have a steady income will make you realise that getting a loan approved is almost impossible. Fortunately, there’s a solution! Bad credit business loans for self-employed people do exist and are designed to help the ones in need, just like you! How Do Bad Credit Loans for Self-Employed People Work? They don’t require all documents A standard loan relies […]

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5 Questions to Ask Before Applying Short Term Bad Credit Loans

  With prices going up at every milestone, a person with an average income has only two concerns that dominate: how to pay off their short-term debts and how to preserve their financial health for a longer time? And how do you manage that if your credit is already as bad as it is? Well, in this case, some short term bad credit loans may help you. Taking such a loan and paying it faithfully may indeed heal your credit score – that is, if old habits die hard. But before applying for it, here are some questions that you […]

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5 Ways to Find Out What Type of House You Can Afford

If you’ve made your decision and you want to take the necessary steps towards home ownership, the first question that crosses your mind will be: how to find out what type of house you can afford. Fortunately, you have come where you need to be. Keep on reading to find out our tips on the topic! Analyse Your Income A decent starting point that will aid you to find out what type of house you can afford is carefully evaluating your annual income. Many financial experts assume that borrowers shouldn’t spend more than 30 percent of their gross income on […]

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Paying off Debt vs. Saving for Retirement

This is one of those financial questions that always seem to arise at some point in life: should I pay off my debts or should I start saving for retirement? Under very happy circumstances, we should be able to do both; however, unless we’re billionaires, we may have to borrow the money needed for any of the situations above. So how do we choose between the two, under these circumstances? Well, here are some thoughts. Figuring Out the Interest Rates Take a spreadsheet and start writing down the interest rates, going from highest to lowest. You should include everything from […]

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Is it Smart to Choose Bad Credit Loans While in Debt?

We’ve all been there – some more than others. We already have debts, and we are not entirely sure whether or not we should add even more to it. It’s like borrowing money from a friend, not giving it back and then asking for some more. What guarantee do you (or they) have that you’ll repay this new debt now if you didn’t repay them previously? Should you add more to the debt by opting for bad credit loans? Getting a Loan When You Have Bad Credit Many lenders do not really want to give money to people who have […]

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Obtaining the Best Interest Rate on your Mortgage

Purchasing a home is undeniably a significant commitment, and it can be the biggest financial investment you have made until this point. That’s why opting for the best financing solution is a necessary condition. The key to getting a good deal is pretty much influenced by the interest rate, as well as by other loan terms that should be carefully analysed in advance. So, how do you get the best interest rates for mortgages? The following tips are a decent ground to start with. Compare Interest Rates The variety of the best interest rates for mortgages is divided into fixed, […]

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Renting versus Home Ownership

At first, it may appear that house ownership is a dream come true to the majority of Australians. Nonetheless, is that really so? In fact, research informs us that the main things that people expect from their money are options and freedom. These two aspects are big factors influencing home ownership. Truth be told, this assumption has a lot to do with our culture. We tend to relate home ownership to adulthood and safety. But there is a question that follows: is it a good idea to buy a house or should you choose renting? Is It A Good Idea […]

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How to Refinance Your Home When You Have Bad Credit

A low credit score might come with some extra difficulties when you want to refinance, but that doesn’t make this process impossible. If you want to refinance your home with bad credit, you should know that it will take some commitment and perseverance, but the good news is that it can be done. The first thing you’ll have to deal with is taking back control over your credit score. Managing your debt may not be easy, but by showing lenders that you have the desire to improve your credit rating, and demonstrating that you have the financial means to support […]

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Changing Your Home Loan and Finding a Better Deal

Making the decision to switch home loans could save you a lot of money in the long run and provide additional features. Before taking the step, sum up all the costs that this change comes with. Although some credit providers might give you a better interest rate, the total costs of changing lenders won’t be worth it. Instead of looking around not knowing what to search for, follow these steps that will ensure you get the best deal possible. Get an Idea of The Market and Use a Key Facts Sheet Always start by using a comparison website and search […]

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