
5 Myths About Getting a Loan with Bad Credit—Debunked
Whether a family home or an investment property, when the time comes to sell, it’s important to know how to maximise the sale price of your house. Learn here.
Whether a family home or an investment property, when the time comes to sell, it’s important to know how to maximise the sale price of your house. Learn here.
Whether a family home or an investment property, when the time comes to sell, it’s important to know how to maximise the sale price of your house. Learn here.
Whether a family home or an investment property, when the time comes to sell, it’s important to know how to maximise the sale price of your house. Learn here.
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No person in this world has a perfect credit history – unless you’ve always lived on a mountain, where you never had to use banks, credit cards or pay bills. However, if you are part of the 99.9% people who rely on some sort of credit, you’ve probably heard of these myths about bad credit loans before. We’ll be the MythBusters, Australian version.
Bad credit doesn’t mean you are a bad person. In fact, it is very common for responsible people to have bad credit. Whether you have let your bills get the better of you, forgotten a repayment or some other reason, life can sometimes get the better of us and lead us down the path of bad credit.
In an ideal world, we would all have a high credit rating, with access to loans as needed that we can use for a variety of personal reasons. However, this isn’t always the case. Whether you have found yourself unable to repay a loan, late making repayments, or something similar, there is a number of reasons you may be left with a bad credit score.
Whether you like it or not, your credit rating is among the primary aspects that traditional lending institutions will consider when appraising your loan application request. Fortunately, the powers to control your credit score are very much within your hands.
Many would say that your chances to take out a loan are scarce when your credit score leaves a lot to be desired. You are aware that credit rating is one of the things taken into consideration by a potential lender when he’s trying to decide if accepting your application is a good idea. Sometimes, the score may drag you down.
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