I am looking for a lender who lends to less than perfect credit? I work full time with a decent income and have worked out I can afford repayments. I need a loan of less than $5,000 for medical expenses but I have just discovered I have 2 unpaid defaults both totaling less than $1,000 from 5 years ago. I have contacted the credit provider and arranged payments to suit our budget but they are going to take me a couple months to pay. Has anyone obtained a loan from a credit provider that has looked at your individual situation and not just written you off? No I don’t want a payday/fast cash loan. Please and thank you x
5 Replies
I own my own home, have been employed on an almost 6 figure salary for government (permanent) for 15 years, owned car outright and applied for a $2000 loan on mat leave (full pay) and got declined because a home phone I tried to get years ago and hadn't been able to be connected incorrectly sent me a bill that was written off in about 2007.in 2010 (after buying a house thank god) the company went into receivership and sold their debt to a debt collector and it incorrectly included my 70 bill for a service never provided. My loan application was in 2015. I had no idea until I was rejected. But I was advised to wait 2 years for it to expire as getting it corrected would be about 2k in legal fees. I'd say you either won't have much luck, would need a secured loan against another asset you own outright or would get a high interest rate if you can get a loan. End of the day though, apply and see.
Liberty.com.au
We have a car loan through them. Your weekly payment will be a little higher then your standard personal loan, however this is to cover you should you default, not be able to meet a payment, throughout the term of the loan.
I have them to be unjudgemental and easy to work with.
Three money
Was the default listed 5 years ago? A default drops off after 5 years so once that happens you should be right. You could obtain a loan but will likely be very high interest.
If the debt was listed 5 years ago do not pay. It will drop off after 5 years and there will be no further record of it on your credit report. Did you know even if you pay it still stays on your file until the 5 years is up. It doesn't get taken off just marked as paid and when that happens I'm quite confident that is another 5 years on your file from the date paid. It's still a listing and an automatic denial from lenders. I made some stupid decisions when I was younger and learnt all about credit files and credit reporting agencies. Luckily i am older an wiser now with a clear file! Goodluck