Many people will apply for bad credit loans over the course of their life. Due to salary changes, a bad investment or personal problems, a bad credit score can prevent you from achieving your dreams. A bankruptcy or even failing to make regular payments for your loan can have repercussions and thus put you in […]
Budgeting is always a good idea because this way you can control your financial resources and expenses. But there are a few mistakes that can make a budget go awry. If you don’t want this to happen, make sure you avoid the following ones.
Making it too strict
Even though budgeting is not fun at all, […]
When you do your groceries, it is best to shop like an investor. Apply those investing skills whenever you shop and you’ll be surprised with the amount of savings you are going to earn.
As you go to a supermarket, how do you choose a product? Most shoppers rely on advertisements being fed by the media. […]
Regardless of the person who owes you money, whether it’s a friend, a family member, or your employer, if you’re reading this article, you must know that nothing is more disturbing than trying to recover your money without success. As the holiday season is already upon us, certainly you could use some extra cash to buy […]
Everybody makes New Year resolutions, but most of us fail to stick to them. With every start of a new year, we want to change our lives for the best, but because of lack of proper planning and genuine determination, we only follow the resolutions for a couple of weeks, and afterwards, we completely forget […]
There are a number of ways to save money especially if you are unemployed. To those who are experiencing the same thing, it is not the end of the world. It may take quite some time before you find another job and the best thing that you can do is to save your last resources […]
Betting is a form of gambling. Choosing who’s going to win in a game or in any type of competition is called betting. Many have refused to accept that they are indeed a gambler. Gambling is a form of leisure but if it becomes habitual, your quality of life will be drastically affected by how […]
A bad credit loan sounds like the type of thing you see written in bright font in a pop-up ad. As someone who needs a bit of help with their debt, you probably want to click on them. But loans for people with poor credit sound too good to be true, don’t they? Well they […]
International money transfers are essential type of service that people use to pay, receive and transfer cash in different parts of the world. It is a method usually administered by major banks, financial institutions and identified as one of the safest ways to transfer money. This procedure involves transferring or wiring money from one bank […]
Every day you are bombarded with ways to spend your money economically and you might be frugal at the grocery store but it might not be enough to make a difference. If you want to have enough money saved up to retire comfortably then you will have to think smart and use every life hack […]
Many Australian households are feeling the pinch from higher cost of living and other financial pressures. According to a survey by Choice consumer group, increased cost of living has caused up to 65 percent of Australian households to cut back their spending in order to keep up with rising cost. Some of the biggest financial […]
Sydney and Melbourne both have been marked to have a greater chance of mortgage defaults. Both capitals are noted to have been using a large percentage of their household income to pay off their mortgages and this indicates that they may be in trouble of having defaults on their mortgage. Moody’s Australian Housing Affordability Measure […]
Years of financial crisis and stressed home budgets have left a large portion of the population with bad credit history. It can be as small as a few late payments on a mobile phone bill or as large as missed mortgage payments but no matter what, bad credit hurts when it comes time to get […]
For most, a credit score is just a number, a number that holds little value until the day you try to borrow money. This number will determine how much you can borrow, at what interest rate you are able to borrow at, and who will lend to you. When borrowing money most lenders use your […]
It will surely be more difficult for you to obtain a loan if you are suffering from bad credit. As you explore your options, you will realise that your choices are limited. Borrowing can also get more expensive. Do you need to get a loan? Do your homework and start searching for bad credit loan products.
These days, it can still be possible for people with poor credit to get approval for their loan applications. Here are five ways that can help you increase your chance of obtaining a loan approval despite your poor credit score.
More and more people are being denied loans due to the current credit-report system. This is bad news for Australians who have had a poor credit history or suffered bankruptcy, making it virtually impossible to secure a loan through the mainstream lending services such as banks.
Under the current credit report system, credit checks only provide lenders with the number of credit inquiries and details of overdue payments and court judgements in the past five years. Additionally they can see bankruptcy orders made in the past seven years. This comes as a severe disadvantage to those with a less than favourable financial past, to secure a loan and get back on their feet. The reports fail to give a comprehensive individual analysis, and instantly condemn their history to hinder their financial future. […]