When you have bad credit issues, such as mortgage or home loan arrears, credit defaults, creditor bills, late bills, debt collectors on your back, outstanding credit cards, personal loans, kids school fees, or any other outstanding debts, sometimes it can be worthwhile refinancing your home to pay out these debts, thereby a) lowering your overall repayment amount per month b) getting those debt collectors off your back and c) Having a nice night's sleep without the ongoing worry of trying to keep afloat, while trying to juggle all the debts to be paid, and when to pay them.
One way to keep track of the debts is to set up automatic payments from your savings account, this can work quite well and most online net banking facilities now allow this.
Sometimes, the fact you can have just one home loan repayment to worry about,, and no other outstanding debts, can make life a lot easier, and your finances easier to manage.
These days, some lenders will even set up a direct debit with your payroll, and this will mean you don't even have to worry about not having the money ready to make the home loan payment, as it is simply taken from your pay or wages first, what a decent idea that is. This stops you ever missing a repayment on your home loan, and gives the lender more comfort knowing they will receive payment prior to you receiving your pay.
So if you have unlimited debts, or even just a couple of annoying unpaid bills , and are struggling with dealing with it all, , it is worth considering a refinance if it means a nice sleep for you and your family. www.1800badcredit.com.au
If you are an ex bankrupt, meaning you may have been declared bankrupt at some stage and are now not currently bankrupt, then it is possible to get an ex bankrupt car loan.
If you are a discharged bankrupt, you can still get a car loan.
You need to be discharged for a minimum of just one day, and you can not have incurred a credit default since your bankruptcy, or after your bankruptcy, or you will not be approved in most cases.
Bad credit car loan lenders understand you may have had a one off event in your life, or a bad period with your financial affairs, when you had to unfortunately go bankrupt.
All is not lost, you still have the opportunity to get car loan, however you need to make sure that you can present your car loan application in the best light.
We need to see that you have been a good borrower since the bankruptcy, or at very least can show that you have stable employment (income) and you have a stable living situation.
It is great if you can pay a deposit, however this is not always a necessity.
A lot of our car loan approvals are for people who have been bankrupt previously, so feel free to apply with us for a bad credit car loan, or a discharged bankrupt car loan.
Our loan partners at 1800BadCredit.com.au have experience helping clients that are ex bankrupt and are looking for a second chance car loan, so please check them out.