Bad credit- How much harder to secure loan?

Discussion in 'Loans & Mortgage Brokers' started by Ator, 7th Apr, 2020.

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  1. Ator

    Ator Member

    Joined:
    21st Jan, 2020
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    Location:
    Sydney
    If your credit rating is in the low 500's just how much harder is it to get a loan? How much higher would your interest rate be?
     
  2. Rolf Latham

    Rolf Latham Inciteful (sic) Staff Member Business Plus Member

    Joined:
    15th Aug, 2005
    Posts:
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    Location:
    Gold Coast
    LVR ?

    What is the low score due to

    sub 500 isnt easy, but doable subject to a few things. maybe even from an ADI rather than npn bank

    ta
    rolf
     
  3. Ator

    Ator Member

    Joined:
    21st Jan, 2020
    Posts:
    8
    Location:
    Sydney
    Very complex situation. Been rebuffed by a few brokers due to it's complexity. Low score is a few of those 'pay day' loans a few years ago