Second Chance Finance is a flexible loan offered by lenders for those with bad credit or a less than perfect credit history. It’s a way that you can get yourself back on track quickly and easily. It’s not something your bank is able to offer you but rather a specialised solution offered by some of our most trusted lending partners. Our clients have used this successfully in the past to refinance loans that are in arrears and or consolidate multiple loans. As a broker, we have access to many lenders that you might not be aware of. These lenders choose to use the broker channel rather than paying for branch networks like you see with the big retail banks doing.
There’s no judgement
Second chance funding is quite affordable
Securing second chance loans in not intrusive
There’s usually little difficulty securing the loan
“It’s not forever”
They’re easy to access
Second chance finance is a way of repairing your credit worthiness going forward
These loans are quick to arrange with the right expertise
Suprisingly to most, second chance loans are often cheaper that having multiple loans
2nd chance loans are a great way to give you “some breathing space”
“… and we help clients do this all the time!”
Let’s look at an example scenario
Everything is going great. You have your home and a mortgage, a nice car, (with a personal loan attached), and a credit card you clear every month. Then, there is an issue. You lose your job, or get sick, you miss a couple of mortgage payments and all of a sudden, your bank is chasing you to get your mortgage up to date. Your credit card is at its limit and you are starting to wonder if you can still afford the car. Then you get a break – a new job BUT your loans are still behind and you can see a way of catching up AND your bank is not interested in helping you. They say they are sympathetic but their policy does not allow them to help you in any meaningful way. The consequences can be substantial. Not only do you the bank calling you looking for extra repayments but if they then decide to report a credit default on your account then your ability to move forward becomes that little bit harder. In addition to this of course there is the stress involved in dealing with your lenders – sometimes on a daily basis.
“What do you do, because it’s not always obvious”
The way forward
We can help you refinance your loan, even if it’s in arrears, take the pressure off and move forward. We can even look to include some or all of your current loans into one simple monthly repayment. In the first instance we would find out a bit more about you and quickly give you an assessment of what we can achieve. From there the process is no harder than applying for your loan in the first place and we are here to help you achieve the right outcome. Its as easy as providing us the information we need and we will do the rest.
Why would you consider refinancing your loans? 9 out of 10 clients that we review could re-arrange their loans to be either cheaper, more appropriate or both! It’s worth asking the question, isn’t it? After all we don’t know what we don’t know. When you took out your last loan did [...]
Second Chance Funding How It Can Work For You What is it? Second Chance Finance is a flexible loan offered by lenders for those with bad credit or a less than perfect credit history. It's a way that you can get yourself back on track quickly and easily. It’s not something your bank [...]
How Do Business Loans Work? What Options Are Available To You? Traditionally the “Big Four” banks have all offered pretty much the same stuff. That is if you want to borrow money for a business purpose the price goes up. As well as this you need to track down a banker that can [...]