Bad Credit Car Loans Chief
We are committed to providing our customers with access to Bad Credit Car Loans across Australia. Our primary goals are outlined below:-
- To produce high quality "up to date" Bad Credit information.
- To give you access to professional and experienced finance brokers.
- We use the world wide web to make this happen.
Bad Credit Finance Options
Had a bit of bad luck and need a second chance? We have finance brokers waiting to help you out with your next car loan. Read more...
Do you have defaults or forgot to pay a bill? The Aussie Chief can give you access to experienced bad credit experts who can help you today. Read more...
Discharged from bankruptcy? We may have a car financing solution for you and get you back on the road in a new or used vehicle. Read more...
Been in business for over 2 years and have no financials or supporting documents to prove your income? No worries, we have brokers ready to help. Read more...
Under a part IX or part X debt agreement? We give you access to finance brokers that may be able to help you. Read more...
No Credit History?
You may be new to Australia or just haven't required any form of credit or finance to date. We have finance brokers ready to get you started with your first form of credit. Read more...
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Second Chance Loans
The Aussie Chief can put you in touch with an experienced finance broker that can piece together a car finance solution and give you a second chance.
Below are some guidelines to see if you qualify for a Second Chance Car Loan:
Proof Of Identity
- Australian resident or holder of visa or entry rights beyond term of Car Loan
- Australian driver's licence
- Minimum age of 18
- 100 point identification
- Guarantors are required for company and trust applications
Proof Of Income & Employment
- Full time employment but must not be on probation, or permanent part time with a minimum of 20 hours per week and having been employed for at least 12 months
- If self-employed must provide proof of income. Usually this can be provided by tax returns, an accountant's letter or other substantive means
- If employed on a casual basis, must have been employed for a minimum of 23 months and also be working 20 hours per week
If Under The Age Of 23
- Purchase price of vehicle limited to $20,000
- Full comprehensive insurance paid for a year
Stability Of Applicant
These idems may be considered as part of the finance application:
- Residence
- Trade qualifications
- Marital status
- Dependants
- Length of employment
Credit History
Where there have been defaults, the following assessments will be made:
- Type of default
- Age of default
- Amount of default
- History of defaults and whether we can ascertain if future defaults are likely to recur
Unpaid Defaults
If a default is disputed, we must be provided with the basis of the dispute and proof that it is being disputed. In all other cases, we would be looking for a good reason as to why the default has not been paid or is under a satisfactory repayment arrangement. We will also grade the severity of the default by the amount, the age and the type of a default.
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