Bad Credit FAQs
Can I still get a car loan even if I have poor credit history?
Most Platinum Direct Finance panel of lenders offer second chance car loans, however you may be considered on different finance terms and interest rates, due to the level of risk. Lenders consider loans to applicants who have strong asset backing and/or a sizeable deposit.
Will Platinum Direct Finance help me get the best deal?
Platinum Direct Finance will work through the panel of lenders with you to find the most suitable loan based on your history and current financial situation.
Where can I obtain a credit report?
You can request a copy of your credit report via a credit agency. Veda Advantage is Australia’s largest credit reporting agency for businesses and individuals.
Can I restore my credit rating?
Having a default on your credit rating does not disappear. Paying all your outstanding debts will still remain on your report for several years allowing prospective lenders to review your credit rating.
How can I improve my credit rating?
Just as the mistakes you made in the past, you can from this point, improve your credit rating. If you have an issue with a company, contact them and work through to resolve the misunderstanding.
Begin with this Second Chance Car Loan. Ensure all your payments are made on time. If possible, make early repayments to pay off the loan early.
“Lets Talk Bad Credit”
If you need help with Bad Credit, Platinum Direct Finance access to all the best finance lenders in Australia. Give us a call on 1300 554 553 and talk Bad Credit today.
