Frequently asked questions & answers
At Fox Finance Group, we understand that protecting your credit score is important. That’s why we start with a soft enquiry. This allows us to compare your situation against our panel of 50+ lenders without affecting your credit file.
Once we identify the lenders most likely to approve your application and you decide to proceed, a hard enquiry will be submitted. This is the standard step in the loan application process and may cause a slight, temporary dip in your credit score. However, it is generally outweighed by the benefits of securing a home loan that fits your financial situation.
By starting with a soft enquiry, you can explore your options confidently, knowing that your credit record remains unaffected until you are ready to formally apply.
When you apply for a bad credit car loan through Fox Finance Group, we begin with a soft credit check. This allows us to review your credit profile without affecting your score or leaving a mark on your credit file. It’s a risk-free way for us to match you with lenders who best fit your financial situation.
If you decide to move forward with your loan offer, the lender will perform a hard credit check. This standard step will slightly reduce your credit score and leave an enquiry on your credit file.
It’s worthwhile noting that every enquiry you make for a bad credit personal loan can impact your credit score. To give you the best chance at getting the approval you want and need, we ask that while working with us, you hold off on making other enquiries. This minimises the chances of having multiple enquires, lower your score, and stop you from getting the best approval.
When you explore a debt consolidation loan with Fox Finance Group, we take the necessary steps in protecting your credit score by first conducting a soft enquiry, which has no impact on your credit file. This allows us to assess your financial situation and find the best debt consolidation loan options for you without affecting your credit score.
Once we identify the most suitable loan, a hard enquiry is completed by the lender you choose as part of the standard lending process. This does appear on your credit file, but it is a normal part of applying for a loan. Successfully consolidating your debts and making regular repayments can improve your credit profile over time, as it reduces outstanding balances, simplifies payments, and demonstrates responsible financial management.
Yes. We have Lending Specialists in our team that are trained in helping self-employed clients through the process of applying for a car loan with the minimum of fuss. If you have the supporting information that lenders will require, we’ll be able to submit your application for jet ski finance. The approval process is the same for all types of applicants. Our Jet Ski Lending Specialists are familiar with all lending scenarios to help find you the best jet ski finance in the shortest possible timeframe. Reach out to us or apply now – its obligation free.
We have Lending Specialists in our team that are trained in helping self-employed clients through the process of applying for a car loan with the minimum of fuss. The approval process is the same for all types of applicants. If you have the supporting information that lenders will require, we’ll be able to submit your application for motorcycle finance. Our team of Motorcycle Finance Specialists are familiar with all lending scenarios to help find you the best bike finance in the shortest timeframe.
Yes. Each time to apply for a finance it can affect your credit rating. A lot of lenders see multiple credit inquiries as high-risk behavior. To avoid this, Fox Finance Group has the knowledge & experience to get your loan approved with the best lender the first time. We’ll also take the time to educate you along the way – so you know exactly what your credit score is, and what is currently sitting on your credit file that all lenders look at.
It will! Talk to our Motorcycle Lending Specialists so they can help you source bike finance pre-approval that will help you negotiate the best price on the showroom floor. Call us now or apply now – its obligation free.
It varies by lender. Some bad credit personal loans include early payout penalties, while others offer greater flexibility with no fees for early repayment. To avoid surprises, your lending specialist will clearly outline whether any early payout fees apply to your specific loan. If a loan without early payout fees is important to you, your lending specialist will be able to ensure they compare options that contain no early payout fees.
Some personal loans may have an early payout or “exit” fee if you repay the loan before the agreed term ends. However, at Fox Finance Group, we work with a panel of 50-plus lenders, many of whom offer personal loans without early payout penalties, allowing you to repay your loan sooner without extra charges.
We can match you with a lender whose terms fit your repayment goals, giving you flexibility and potential interest savings.
Fox Finance Group can arrange several loans options from a panel of 50+ lenders. Some fixed rate personal loan contracts do include an early payout penalty (break cost) and there are also lenders who do not have early payout fees. As part of our service to you, we will fully explain these, and all other terms, prior to you accepting our personal loan offer.
