Can bad credit stop you getting a home loan?

Apr 15, 2019 11:44:44 AM

Bad credit happens for all sorts of reasons: illness, divorce, redundancy, causing you to miss payments and end up with a black mark against your name. Even if you do manage to pay the overdue bills, clear your debt, or fix up a default on a loan repayment, your credit history may still be impaired. Read on to find out what bad credit is and what your options are when it comes to securing a home loan with bad credit.


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Topics: Credit Card Debt, Credit Check, Bad Credit Home LOan, Bad credit, Comprehensive Credit Reporting, Home Loan Advice, Australia Mortgage Broker

What is Comprehensive Credit Reporting?

Mar 20, 2019 9:37:23 AM

Comprehensive Credit Reporting (CCR) is Australia’s credit reporting system which aims to make it easier for lenders to assess an applicant’s credit history. With CCR, when you apply for credit, authorised lenders will have access to up to 2 years of your repayment history, along with detailed information of your credit accounts. Find out what the change to CCR means for your finances.


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Topics: Lenders, CCR, Comprehensive Credit Reporting, Home Loan Advice, Australia Mortgage Broker, Home Loan Application

5 Tips for a Home Loan Application With Credit Issues

Mar 19, 2019 12:15:33 PM

If a bad credit rating is making it hard for you to get a home loan, it doesn’t mean you need to shelve your home ownership dreams. Credit history can be affected by several factors including missing payments and late payments. Take a look at these five tips to help you get on top of the credit issues that could be impacting your home loan application.


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Topics: Bad Credit Home LOan, Bad credit, Comprehensive Credit Reporting, Home Loan Advice, Low Doc Home Loan, Australia Mortgage Broker, Home Loan Application

Comprehensive Credit Reporting (CCR)

Jul 9, 2018 9:16:41 AM

From July 2018, comprehensive credit reporting (CCR) becomes mandatory, and banks will be forced to share detailed positive and negative financial history with other lenders. The new credit reporting changes will provide a fuller, clearer picture of your credit history, and could make it easier – or for some people, harder – to get credit or a loan. Here’s what you need to know.


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Topics: Mortgage Broker, Australia Mortgage, CCR, Comprehensive Credit Reporting