Frequently asked questions & answers
A bad credit personal loan is an option for people with low or limited credit history who may not qualify with traditional lenders. It’s commonly used when past issues like missed payments, defaults, or bankruptcy affect approval, with lenders focusing more on current affordability and character.
Having bad credit generally means that your credit history includes negative information, such as missed payments, defaults, bankruptcy, or high levels of debt relative to your income. Lenders use your credit score and report to assess your ability to manage repayments responsibly.
While bad credit can make it more challenging to get approved for a home loan, it doesn’t make it impossible. We work with borrowers with less-than-perfect credit, helping them understand their options and connect with lenders who consider the whole financial picture, not just past mistakes.
A debt consolidation loan is a single new loan used to pay off multiple existing debts, such as credit cards, personal loans, or payday loans, replacing several repayments with one easy to manage repayment.
Bad credit personal loans can be used for a wide range of personal expenses, including home upgrades, furniture, travel, vehicles, debt consolidation, leisure assets, weddings, pools, or solar.
Several factors should be considered before getting a property investment loan. Consider discussing these with your lending specialist before committing to your next property investment:
As part of your pre-approval process for car finance as a chiropractor, your lending specialist will discuss any fees that may involved. Fox Finance Group have access to over 50 different lenders on their panel, which means that different fees apply based on which lender you choose to go ahead with. Chiropractors will be able to discuss all loan options available with their designated lending specialist. Compare and contrast which loan options are most important to you before making a decision on what you go ahead with. Fees may be your most important factor when it comes to comparing your options. You will have peace of mind knowing that all fees will be discussed with your lending specialist before committing to a car loan as a chiropractor. Call us, or let us give you a ring!
As part of your pre-approval process for car finance as a dentist, your lending specialist will discuss any fees that may involved. Fox Finance Group have access to over 50 different lenders on their panel, which means that different fees apply based on which lender you choose to go ahead with. Dentists will be able to discuss all loan options available with their designated lending specialist. Compare and contrast which loan options are most important to you before making a decision on what you go ahead with. Fees may be your most important factor when it comes to comparing your options. You will have peace of mind knowing that all fees will be discussed with your lending specialist before committing to a car loan as a dentist. Call us, or let us give you a ring!
Once you’ve submitted your application for a bad credit car loan, one of our experienced lending specialists will contact you within 15 minutes (Monday to Friday) to walk you through the next steps.
We will review your financial situation in more detail, explain your options clearly, and work with you to find the most suitable lender from our panel.
Being declined for a bad credit loan isn’t the end of the road. Every financial situation is unique, and a previous “no” doesn’t automatically mean you’ll be declined again.
Our team takes the time to understand your circumstances in detail and works with specialised bad credit lenders who assess applications more holistically. Even if a loan isn’t possible right now, we can put a clear plan in place to strengthen your profile and improve your chances of approval next time.
Banks and other home loan financiers do consider your income, as well as other criteria, before approving a loan application. On average, banks will lend up to 95% of the value of property. This is known as the Loan-to-Value ratio (LVR). Talk to our team of Home Loan Specialists for a free servicing calculation to help determine your borrowing power. Contact our friendly team or apply now – its obligation free.
