Bad Credit Solutions » Bad Credit Loans

Private Lenders for People with Bad Credit

mikey — Wed, 18 Nov 2009 03:21:05 +0000

You might be surprised to hear that most of the bad credit lending for home loans is being done at the moment by private lenders. Mainstream banks have never been involved in lending to people with bad credit, and things don’t look like changing in the near future.

It’s not important where the money comes from, what is important is that it provides opportunity for people who need another chance. As you consider the benefits of looking at this type of finance you might like to give consideration to calling me first before you go much further. By the way, you can do this by phoning me on 1300 133 193, no strings attached, no obligations.

Can I ask you though to imagine how you will feel when you know that your credit problems could be solved with one single phone call.I know that you would welcome the opportunity to rid yourselves of the problems, the phone calls and the lack of sleep that you experience while you are going through this period of your life.

You can relax about the cost of doing all this because I don’t charge anything for my service. It is the lender who pays me and there is no cost to you at all for my services. It is easy to know that you can get what you’re looking for without too much hassle isn’t it?

It is also okay not to give me a ring now on 1300 133 193 but the sooner you do that you will feel so much better.

Remember I only deal in the best Home Loans that suit your individual needs.

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The Hidden Truth About Loans For People With Bad Credit

mikey — Mon, 10 Aug 2009 03:35:06 +0000

Is it possible to go from

to

Well, that’s just what happened for Nathan and Amy recently!

Amy rang me to see if I could help. They had approached their bank to consolidate a few personal loans into their home loan. They had been having difficulty keeping up with the repayments because of the high interest rate charged on the personal loans.

If they had been successful in ahving the loans consolidated, the mponthly repayments would have decreased significantly, making life easier.

Naturally, their bank declined their application giving the slow repayment history on their loan as a reason, even though it was easily demonstrated that they would be easily able to repay the consolidated loan.

I know it seems hard to understand, but that’s the way all banks think.

Luckily, there are some lenders who take a different approach to lending and although they usually charge a higher rate of interest, the end result can mean great savings.

This was the case for Amy and Nathan. Their loan was approved and they saved over $760 in monthly repayments!

Call me if you want to save too.

Call 1300 133 193

What’s Happened To Bad Credit Lenders

mikey — Thu, 09 Apr 2009 07:15:06 +0000

So, what is happening to bad credit lenders?

That’s the question of a lot of people have asked over the past few months and rightly so. More and more people are facing difficulties in meeting repayments on their home loans and are seeking information as to what type of home loan lender will be able to help them.

Traditionally, bad credit lenders have filled a gap in the market where traditional banks and lenders cannot cater for anybody suffering mortgage stress. Today, in the tight credit conditions which dominate the financial sphere, there are only one or two “lenders of last resort” as they have come to be called.

Many of these lenders have disappeared from the scene, but recently there are some emerging signs that this lending market is again on the move. For example, one or two lenders are prepared to lend up to 90% LVR even for people with a bad credit history ie those with credit defaults and judgements. They may even go one step further and offer some low Doc products for this type of borrower but there are some conditions attached.

Applicants for these types of loans must have been in steady employment for at least 12 months or, if they are self-employed, must have a registered ABN of at least six months duration. But these loans fall into the category of’ “rate for risk” meaning that the higher the loan to value ratio and the shorter the period over which the ABN has been registered, the greater the risk and, therefore, the higher the interest rate.

The interest rate is also determined by the severity of the credit impairment. So, although the conditions are stringent and the interest rates are comparatively high, the fact that some of these bad credit lenders are back in the market is a good sign for the future.

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Bad Credit Lenders

mikey — Wed, 11 Jun 2008 08:39:52 +0000

It is easy to rush into a loan or a refinance when you are under stress. I recall one of my clients say to me:

I wish I’d never heard of them. First they didn’t clarify the interest rate we’d be charged, then the fees took a large chunck of the cash we were relying on to make life a little easier. Looking back we didn’t come out of our difficult situation much better at all.

The last thing you want to happen is to jump in and find out the “small print”when it’s too late.

You need to do a lot of research before you make your decision, but you need expert help to do it.

That’s where Bad Credit Solutions comes in.

I guarantee you a personalised approach and a free evaluation of your situation before you sign anything.

This is the only way you’ll know whether you are doing the right thing. It takes only a half hour or so and with my personal contacts with many bad credit lenders, including some private lenders, you can be assured of the best result and genuine peace of mind.

Call me on 1300 133 193 as soon as possible, but remember, I provide a specialised service and can only help you if you live in Brisbane, the Gold and Sunshine Coasts and Toowoomba.

Or, you can fill in your details here and I’ll contact you direct.

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