Tuesday, January 25, 2005

Debt Consolidation Bad Credit in Australia

Debt Consolidation Bad Credit Information

It is not impossible to successfully apply for a debt consolidation loan if you have previously had problems leading to a bad credit rating.

If your circumstances have changed for the better there are certain lenders who will consider your application in light of the new situation.

Typically, bad debts remain on your credit record for up to 7 years and prevent you being able to borrow money from most lenders.

Fortunately there are a few lenders who will consider all the facts and they may allow you to take out a debt consolidation loan if they consider you are now a good risk. It pays to be extremely honest with your application because if they consider you are hiding anything or distorting the truth you will be rejected outright.

If nothing has changed since you incurred the bad debt then you are wasting your time applying. Only apply if your circumstances have improved and you can prove that you have the means to meet the repayments

If your circumstamces have improved and you are honest about your past and current situation, you may qualify.


Mortgage Checker Software

Mortgage checking software allows you to test all the different aspects of your existing or proposed mortgage.

The 'Home Deluxe Bundle' shown below contains 6 different programs to help you assess a mortgage and test 'What If' scenario's. These are powerful tools that put you the borrower in the front seat.

This information can be used to negotiate for better deals, get a refund, or find the best loan. A little bit of research using these tools could save or earn you thousands of dollars.

Although the software is in use by large accounting firms it is designed to be used by novices. See the demo on the web-site listed below.

Take advantage of these mortgage tools to explore your mortgage and check whether you are getting the best possible deal. Thousands of people have used this software to obtain refunds from lenders.

Mortgage Checking Software continued here...