Bad Credit loans
If you have a bad credit history due to defaults, bankruptcy, or late payments, you may struggle to get a home loan from a traditional lender, as they may see you as a high-risk borrower who is more likely to default on the loan.
At Enlighten Finance, we offer bad credit loans for borrowers who have a poor credit history but still want to buy a home. Bad credit loans are home loans that are for borrowers with bad credit records that can show their ability and willingness to repay the loan.
Bad credit loans can help you buy a home, refinance your loan, invest in property, or consolidate debt. But bad credit loans are not for everyone, as they may have higher rates, fees and charges than regular home loans. They may also have stricter criteria, such as needing a larger deposit, a lower LVR, a stable income and employment history and no further defaults or adverse events on your credit file.
At Enlighten Finance, we will help you find the best bad credit loan for your needs and goals. We have access to over 30 lenders and hundreds of home loan products for bad credit borrowers. We will compare and negotiate for you to find you the most competitive deal for your situation.