Bad Credit Loans

Life happens and we can promise you that here at Gold Coast Car Finance we will never judge you if you have a bad credit rating. We will do precisely the opposite. When it comes to bad credit loan applications, we are proud to say that we have been able to help so many clients who thought they had no options available to them. To see how we can help get you out of a tough situation, please reach out to our experienced team right away.

It's Generally A Personal Loan

The easiest way to wrap your head around this concept is to remember that at its core, it is essentially a personal loan. These are usually small to medium amounts and can be paid back over a certain period. They are unsecured, meaning the client will not have to cede any collateral, but this comes at the cost of higher interest rates. So if you thought your poor credit rating was the end of your ability to borrow additional capital, think again. That being said, there are definitely lenders who have car vehicle finance loans available for clients, but it's a case by case proposition. Just call our experts and we will be more than happy to show you some options for finance that you may not have considered.

Watch Out For Sharks

When you require funds in a hurry, it is fully understandable that one would become somewhat desperate. We will all do what is needed to survive and provide for our families. The problem is that this desperation opens one up to being taken advantage of. Unscrupulous loan sharks are just waiting to take advantage and lend you money at exorbitant interest rates. This will just end up sinking you deeper into the hole, and even worse. Rather than ever finding yourself in this position, it is best to ensure you are lending money from a reputable institution. In fact, sometimes after we explain all of the finance terms and conditions for a specific loan to a client, they make an informed decision that it might be better to wait 3-6 months to proceed with the loan. This could be until they are in a more stable position financially, professionally, or other circumstance that might be affecting their application.

Credit Score

We are sure you have heard this term more times than you would like to admit when applying for a loan or a finance application. If life's taken some turns and you know your score might have taken a hit through things like unpaid credit cards, unpaid telecommunication debt, overdue rent, it can be had to get a fair go. We've worked with many clients who have been coming out of bankruptcies, part IX debt agreements, or many years of a poor financial position to get them some assistance. There are multiple credit reporting agencies too, so your score may differ slightly depending on which one your creditors have been reporting on. Reach out and we can answer any questions you might have pertaining to Bad Credit Loans. 

Professionals

As we have already mentioned under the " watch out for sharks" section, one needs to make sure they are not being taken advantage of in the personal loan or bad credit environment. It is always best to ensure that you apply at reputable lenders which are accredited with all the relevant oversight bodies, and also have a great track record. Luckily for you, here at Gold Coast Car Finance, we work with only the best so that we can give you the best. No matter what it might take. To see us in action for yourself, all you have to do is give us a call.