If you have recently fallen victim to the high unemployment rate or the Global Financial Crisis and have been laid off or maybe even lost your property due to foreclosure, then you will be struggling to find easy approval loans with bad credit in this Global Credit Crunch. Bad Credit listed on your Veda Advantage credit file is something that nobody plans for but must live with after financial loss and default.
So, at Universal Finance we believe that there is no point in worrying about your past Bad Credit issues and it is better to put your efforts into rebuilding your credit rating for the future and with our easy application low interest loans for bad credit you can do exactly that. If you are struggling to find personal loans for bad credit, get in touch with us today.
Rebuilding Bad Credit can take time, patience and requires baby steps. If you have undergone something like bad credit listings, bankruptcy or foreclosure it can be daunting, however, Universal Finance have all the loans with bad credit Australia solutions and can find the right loan for bad credit for you.
Bad Credit can affect your options when purchasing or refinancing a property and often sends the interest rate through the roof making the process very costly and time consuming. (and in many cases not worthwhile) Our dedicated small loans bad credit Australia team can help, so please don’t worry!
At Universal Finance we are the specialists in Bad Credit Loans and have access to the largest range of Non-Conforming and Private Lenders/Investors in Australia. With over 50 panel loan for bad credit lenders and 1000+ bad credit loan products on offer as well as access to Australia's largest and ever extending panel of private lenders/investors, Universal Finance has you covered, from the property investor to the first home buyer.
Bad Credit Lending is no longer an issue with our new Bad Credit Loans product from our network of bad credit lenders.
Get in touch today and find out for yourself why our track record for bad credit personal loans guaranteed approval Australia wide is amongst the best in our sector. You may fall into the below categories as well as many more:
Having bad credit shouldn’t exclude you from being able to get a loan, but you need a lender who’ll look beyond your credit score. There can be lots of reasons for having bad credit, and a short spell of unemployment or a financial mistake can unfortunately stay on your report for a long time. If you need a bad credit business loan, then Universal Finance are a great lender to approach, as we overlook things like smaller defaults or bad credit from years ago, so we can give you a fair interest rate even with bad credit.
Some lenders will take longer to process a bad credit business loan, as they’ll want you to produce a lot of information such as financials or tax paperwork. That’s why Universal Finance have made the process of obtaining a business loan much faster, no matter what your circumstances. We ask for minimal financial information, you simply need to upload a few documents, and because we have a panel of over 50 lenders, it’s quick and easy to match you to the right one. Overall, we aim to get the money into your account in 24-48 hours, with as few delays as possible.
Interest rates are often based on credit score and reflect the amount of risk the lender is taking. Unfortunately, many lenders will often quote you a high interest rate if you have bad credit, even if your defaults and CCJs were years ago, and you’ve since gotten back on track.
Universal Finance have a unique way of calculating the interest rates for our bad credit business loans. We disregard defaults of more than three years old, even if they’re still on your credit report, so you aren’t paying a high interest rate due to past financial issues. Our interest rates for business loans start at just 4.19%, even for those with bad credit, so get a quote today.
This will depend on the kind of product you choose. Secured loans require some sort of collateral, which can be property, land, or equity, while unsecured loans don’t have this requirement. However, there can be good reasons to choose secured loans, as they often allow you to get a lower interest rate, and in general, a lender may be happy lending you more money if you offer security.
The best way to improve your credit rating is to pay your bills on time, and to pay off as much as possible each month, rather than simply making minimum payments. However, it can take a while to clear bad credit, as defaults can stay on file for up to five years, while more serious infringements won’t be cleared for seven years. That’s why Universal Finance offer bad credit business loans for those who are working towards improving their credit, as most people don’t want to wait several years to improve their credit rating.
Our financial loans for bad credit are ideal steppingstones to return to a major lending institution at even lower interest rates again. Within 6 months we can then assist you to refinance back to a major bank or lender of your choice at even lower interest rates yet again.
As all personal loans bad credit Exit Fees were banned by the Australian government in 2011. You will not incur costs by refinancing to another lender. This makes our Bad Credit Loans product ideal for Bad Credit clients.
Unlike other brokerage firms, Universal Finance are specialists in refinancing between private lenders and mainstream lenders (i.e. banks). Our consultants are up to date with the latest products and criteria allowing you to save time and money in the process. Our Bad Credit Loans product is the first of its kind to be released in Australia.