Why Good Credit Is Important

Why Good Credit Is Important

In Australia there are millions of consumers who have been affected by having bad credit. Even an over looked electricity bill of $200 has the power to disable you from being approved for any type of loan/finance! everyone wants to credit restore and credit fix  as soon as possible. Leaving your only option with bad credit lenders – which charge extortionate amounts in extra interest. Common reasons people find themselves with bad credit can vary from moving address, lost mail, relationship break-up’s to severe financial hardship and disputed invoices.

Home loans

Amount borrowed
$350,000

INTEREST PAID WITH GOOD CREDIT INTEREST PAID WITH BAD CREDIT
$471,939 $899,169
DEPOSIT NEEDED WITH GOOD CREDIT DEPOSIT NEEDED WITH BAD CREDIT
$17,500 (5%) $70,000 (20%)
UPFRONT FEES WITH GOOD CREDIT UPFRONT FEES WITH BAD CREDIT
$500 $4,000

Car loans

Amount borrowed
$25,000

INTEREST PAID WITH GOOD CREDIT
INTEREST PAID WITH BAD CREDIT
$8,435 $44,757
DEPOSIT NEEDED WITH GOOD CREDIT
DEPOSIT NEEDED WITH BAD CREDIT
$0 nil $5,000 (20%)

Personal loans

Amount borrowed
$30,000

INTEREST PAID WITH GOOD CREDIT
INTEREST PAID WITH BAD CREDIT
$14,732 $75,663
SECURITY NEEDED WITH GOOD CREDIT SECURITY NEEDED WITH BAD CREDIT
$0 IN MOST CASE ALWAYS. USUALLY CAR OR HOUSE

As you can see, not only is the interest with a bad credit lender horrifyingly higher, you are also forced to come up with much larger deposits.

Call today! One of our friendly consultants would be happy to see if we can help you.

A solution to your problems may only be a phone call away – Call now 1300 785 214