Bad Credit LoansAustralians with some history of bad credit seem to be totally confused about their ability to borrow.
There are numerous sites on the internet talking about bad credit personal loans – however when you do some investigation it comes down to one simple test - available security. Unsecured personal loans are pretty much out of the question for an applicant with either paid or unpaid defaults in their credit report. Some short-term lenders online offer loans up to $3,000 to applicants with bad credit – however these work out to be far more expensive than a regular personal loan with annualized interest rate being around 40% - 60% p.a. plus fees.
If the applicant has some history of bad credit but no assets, and is looking for assistance with debts, a debt agreement may be the best available option. While a debt agreement is reflected on the applicants credit history, it is a very good option for clearing unaffordable unsecured debts.
Secured Personal Loans are available to applicants with bad credit but with equity in real estate assets, as is Mortgage Refinance. Honey Home Loans are able to offer Bad Credit Mortgage Refinance to 80% of the value of the applicant’s home at rates under the bank standard variable. If you are struggling with outstanding debts, perhaps you are behind in your loan repayments, have mortgage arrears, car is about to be repossessed – if you have equity in your home, we should be able to assist...
What Our Customers Are Saying
“My wife and I just wanted to let you know that it was great working with everyone from Honey Home Loans. We had no problems, everyone was extremely polite and the paperwork was moving right along. I will tell you that I have recommended your business to any that I have talked to about refinancing or loan issues!
Barry and Janice, Vic
“I just wanted to say thank-you again for organizing our refinance and making our lives so much better. I would recommend your company to anyone. You and your staff are great. I feel very comfortable doing business with you. You are wonderful with people.
Katherine and Ted, Vic
“This has been the VERY best lending experience I have ever had!! I took out a Home Equity Loan with Honey Home Loans. Your employees were knowledgeable, courteous, efficient and helpful. Everything was done in a timely manner.
M Gonzales, WA