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Tips and Tricks to Getting the Best Car Loans  

  Car loans can be acquired in a variety of places and just like any other type of loans, there are good and bad car loans. Without some investigation, people are bound to end up with a loan from the latter category. However, with a few tricks, you can easily get on the safe side. Let’s take a look at some of the things you can do to ensure you’ll get proper car loans you won’t overpay on. Check out the following list to find out how to get good car loans:   Don’t Go Straight to the Dealer It […]

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How to Stay Away From Low Doc Loans Hoaxes

  Loans are a great way to get back on track. You borrow a good amount of money, you show your collateral, you give them proof that you can actually pay back the loan – and then you go forward with the monthly payments until you are done with the loan. However, that is just the ideal case. For other people, there’s the option of low doc loans.   Why Low Doc Loans? Sometimes, we do not have the necessary documentation; and if we do, it may not put us in a very good light – even if we do […]

unsecured personal loans for bad credit

Can You Use Unsecured Loans to Buy a House?

  Mortgages are usually taken out with loans that are secured on the house itself. That’s our main financial tool when it comes to this. However, unsecured loans can be used to the same end. It is a lot more difficult to fund a house with an unsecured loan than with a secured one, for reasons that we will outline in the remainder of this article. But to answer your question first: yes, it is possible to get a mortgage with unsecured loans. The difficulty of getting them, though, is the other side of the coin.   Why Is It […]

disadvantages of short term loans

The Main Disadvantages of Short Term Loans  

  Short term loans, as far as you’re concerned, are harmless. What can go wrong if you borrow a relatively small sum of money with a short term? Well, a bunch of things, actually. While it is true that short term loans are a lot less dangerous than those with long term, they are not completely devoid of risks. Therefore, before you go to the bank and ask for one, you better become acquainted with the disadvantages it will come with. This way, you will spare yourself of some unpleasant consequences. There are 3 main pitfalls when it comes to […]

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How to Get Bad Credit Personal Loans from Credit Unions

  Avoid the traps of these payday loans and go for bad credit personal loans. It’s saddening to see so many Australians restricted by their bad credits, but seeing the thrive of the so-called “Payday” loans makes us sick. A payday loan is simply put, a shakedown. Personal loans have small interest rates in defined periods. Meanwhile, the fees for payday loans start from about 15% annual, and the ceiling seems almost non-existent, reaching up to 400%! This means that you’d have to pay $60 for $400, and this is only if you pay on-time. Paying late leads to additional […]

low doc loans for people with bad credit

The Requirements You Need to Meet for Low Doc Loans

  So, you’re self-employed and need a personal loan? Well, conventional loans require you to submit payslips, tax returns, and other proof of income, but don’t let that bring your hopes down. Low doc loans allow you to get loans without all that paperwork. It doesn’t matter if you’re self-employed or unemployed. They require you to sign an income declaration form that will constitute the basis of a lender’s assessment. There’s a high chance you get asked about your assets and liabilities. As the lender relies solely on your own declaration, they usually charge higher interest rates to offset the […]

bad credit loans refinancing

Why It’s So Difficult to Refinance Bad Credit Loans

  With mortgage rates going under, there has never been a better time to refinance. However, while refinancing seems like an easy trick for some people, it’s not that easy for others – namely those looking for bad credit loans. Those who have bad credit have always struggled with getting a simple loan; refinancing is something they can only dream of. There are so many obstacles that need to be overcome that it almost makes them want to quit the attempt altogether.   How Bad Credit Affects Refinancing The average “bad credit” will usually differ from one lender to another. […]

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The Dummies Guide to No Credit Check Loans

  When you apply for a loan, the first thing the lender does is to check your credit file, in an attempt to see your creditworthiness. To that end, the lender checks your credit transactions, defaults, missed payments, and so on. Still, the truth is that many Australians cope with bad credit history, which could seriously limit your options. In this situation, looking for no credit check loans might do the trick. Introducing No Credit Check Loans If you already know that your credit score isn’t the best, you should be happy to learn that there are no credit check […]

how to avoid bad credit loan scams

Top Signs of a Bad Credit Loan Scam

  A bad credit loan seems like an opportunity sent from the heavens for those who have a less than stellar credit score. The reason was that no bank would generally give you a loan if you had the tendency to conveniently skip on your payments. This is how bad credit loans came into the mix. In exchange for higher interest rates, they would conveniently ignore your credit score and offer you a loan. However, sharks also know where to look for prey – and what better place than amidst a group of desperate people? Especially the ones that get […]

low doc personal loans

Top Low Doc Loans Myths Busted

  We’re all victims of the misinformation of the information age. With so many sources to check and with so many messages becoming global, what information we can trust, and which we can’t. Low doc loans are typically mythicised on the Internet. It’s easy to start believing alleged facts about them when most information out there is wrong. Let’s cover some of the most common low doc loans myths that people throw around:   Low Doc Loans are Dead Let’s start with this one. Some Australians believe that the Global Financial Crisis (GFC) destroyed these types of loans. This stems from […]