Many Lenders today often promote that they will lend money to credit impaired people. Credit impaired usually refers to the following:
Listed but unpaid credit defaults.
Unpaid home loan arrears.
Paid defaults of more than $1000.00 within the last five years.
Any default paid within the last three years of $500.00 or more.
Missed home loan, personal loan, or credit card payments within the last 6 months.
If you are an undischarged bankrupt.
If you have been discharged from bankruptcy within the last two years
If you have court writs or court judgments of any kind.
Credit impaired could also be extended to include the following:
Overdue and unpaid council rates.
Overdue and unpaid water rates.
Unpaid tax liabilities to the ATO
Centerlink debts of more than $500.00
At Thrive we will assess your situation on an individual basis and advise if we are able to help.
If you don't meet the usual banking requirements, have defaults or credit issues or are self-employed call us to discuss your options.
With access to Thrive's specialist lending you may be surprised at the suitable and effective options available for your circumstance.
* Payout penalties may exist within the first five years of your loan agreement.
# Note that Thrive home loans may not accept, or approve any applications where the above listed items exist. In addition Thrive may charge an application fee to any borrower who makes a false or misleading statement in respect of their financial situation. All information provided in any application for finance is carefully scrutinized and cross referenced with both government private credit reporting agencies.
> Thrive home Loans will claim the stamp duty exemption for you provided you are entitled to any such exemption. If you are not entitled to such an exemption then the normal stamp duty charges will remain payable by the borrower.
