A staggering 25 per cent of Australians believe their bad credit score would stop them getting approved for a loan, according to a Finder survey of 2,033 people. This number is so high thanks to a number of myths about getting a home loan with bad credit, making it seem more difficult than it is. To clear the […]
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Are you looking to refinance your home, or personal loan in the near future? If you’re self employed like 1 million-plus other Australians this can be a stressful time, as you may not have the detailed financial records that most conventional lenders require. If so what you need to do is refinance with a low […]
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Australia ranks as the 13th most expensive place in the world to live on the Numbeo Cost Of Living Index. That’s why paying the bills can be such a challenge some times, and it’s probably why being late defaulting on credit is relatively commonplace. Unfortunately, late payments can leave blemishes on your credit report – […]
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Small businesses account for almost 50 per cent of total employment in Australia, Australian Parliament data shows. They’re the engine room of our nation’s economy, and without these innovators and self-starters Australia wouldn’t be what it is today. Unfortunately, if you’re planning to become self employed, or own a small business in 2018 it can […]
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Christmas is a financial nightmare. That’s a statement 8.4 million Australian’s agreed with, according to a survey by Roy Morgan. The same survey had a further 1.8 million Australians say they thought Christmas would push them into worrying levels of debt. Both statistics point to the fact that the holiday season is a time of […]
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The debate over renting v.s. buying is an age-old one. There are pros and cons to each side, but buying often comes out on top. This presents a hurdle, though, to those who have income but can’t easily prove it – recently self-employed people, for example. What are the benefits to buying over renting, and how […]
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Firsts are always special – your first friend, your first job, your first kiss. A first home is no different, but for some, it can seem impossibly out of reach because they have bad credit. While regular lenders might hastily turn them away, the specialist team at Redrock won’t – our bread and butter is […]
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When lady luck decides she doesn’t like you, you miss a few payments on your debts, and your credit score takes a hit, you may start thinking your home refinancing plans will need to be put on hold. But with a bad credit home loan from Redrock, it doesn’t have to be that way! Time to improve […]
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Numerous factors can make it difficult for self-employed people to get a home loan. But with a bad credit home loan from Redrock, Australia’s self-employed can jump aboard the homeownership train too. Why do self-employed people struggle to secure finance? A lender wants to see evidence of your capacity to meet repayment obligations. As such, a newly […]
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Whether you’re investing in property or buying your first home, bad credit home loans can be a lifeline for people that get turned away from traditional lenders. But did you know there are different kinds of bad credit home loan, based on the circumstances of the borrower? Here are a few examples. Paid and unpaid defaults home […]
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