Step 1

Bad Credit for a Home Loan Is a Difficult Situation to Be In

Credit Mend Australia has more than eleven years of industry experience under our belts, so it’s only natural that we should be your first choice to assist when you have bad credit for a home loan.

Step 2

What is Bad Credit for a Home Loan?

There are several ways in which you could find yourself with bad credit. Unfortunately, we see that it is often the case that you end up with bad credit without even knowing it, until you apply for some form of credit, such as a home loan. Your credit history – whether good or bad – is recorded, and your rating or score will affect the outcome of any loans or credit applications.

  • You may have unpaid bills or even tax that you have not paid either. These may not be recorded in your credit profile but will come up in documentation that you need to complete when applying for a home loan.
  • There are also tricky situations that you may find yourself in if you are a director of a business that is experiencing financial difficulties or has done so in the past. You may not even be aware that this affects your personal credit history.
  • If you have ever been declared bankrupt or if you have defaulted on credit agreements, this will result in you having bad credit.
Step 3

Solutions for Bad Credit for Home Loan

If you have an adverse credit history, the chances of a conventional lender approving your application for a home loan are slim. This does not mean that you will never get approval, but it does mean that if a creditor grants a home loan, it will not be for the full amount you require.

  • If you find yourself in a situation where you’d like to buy a home and work towards consolidating and reducing your debt, you may be successful in applying for a loan from a specialist lender.
  • Subject to you meeting their assessment criteria, these specialist lenders can approve your bad credit home loan reasonably quickly so that you are in a better position to meet your credit deadlines.
  • Did you know that any loans you have applied for in the past five years remain on your credit file as enquiries? If you were rejected for any loan application, this will also be recorded. We can assist you with a free credit repair assessment, and help you get back on track to a more financially stable future.
Step 4

Why Trust Credit Mend Australia Regarding Bad Credit For a Home Loan?

Although we are newly established, we offer over eleven years of experience in our field. We aim to provide you with a straightforward and transparent service that is competitively priced. You can take advantage of our free credit repair assessment, knowing that we have your best interests at heart. For us, it’s not about making a quick buck – we genuinely believe that you deserve honest and ethical assistance when it comes to your credit history.

If you’d like to learn more about our process or find out how we can help you when you’ve been experiencing bad credit for a home loan, please do feel free to get in touch with us.

We Remove Defaults