This
loan is designed to assist those borrowers with
a poor credit history. By refinancing and
consolidating your debts you may be able to
minimise your repayments, settle debts in
default and eventually clean up your credit
rating.
A number of "Non Conforming" Lenders offer purchase or re-finance loans to individuals or companies with various forms of credit impairment.
The level of credit impairment can vary dramatically from simply late payments on existing debts to defaults to judgments to part 'X' arrangements and bankruptcy. Applicants with multiple levels of impairment may also be approved by certain lenders.
The maximum LVR on any credit impaired loan is generally 90% of the value of the property being purchased or refinanced and applies to private, investment or commercial loans.
A number of "Non Conforming" Lenders offer purchase or re-finance loans to individuals or companies with various forms of credit impairment.
The level of credit impairment can vary dramatically from simply late payments on existing debts to defaults to judgments to part 'X' arrangements and bankruptcy. Applicants with multiple levels of impairment may also be approved by certain lenders.
The maximum LVR on any credit impaired loan is generally 90% of the value of the property being purchased or refinanced and applies to private, investment or commercial loans.
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