Most frequently asked questions (FAQs) about bad credit loans in Australia – if you don’t find the answer to your question here, feel free to give us a call …


  1. What is a credit report? A credit report is a document containing details of your financial history and personal information. This is used by credit providers in Australia or overseas to weigh up whether you are a high risk candidate or not.


  1. How does my credit rating affect me? Your credit file is affected based on late payments and even just applying for credit. If you have made multiple applications for credit or you have any defaults listed, it may be hard for you to obtain credit.


  1. How can I get a bad credit rating? This is a lot easier than most people think. Even a few small missed payments or changing your address and not letting your creditors know can result in a black mark on your credit file. This negative listing can stay on your file for years.


  1. How can I get approved for a loan if I have bad credit? Luckily there are lenders out there who look beyond your credit file. These bad credit loans lenders will take into account income, equity and other things that will allow you to obtain a loan.



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