Bad Credit Loans specialist

Most banks and lenders have slammed the door on customers with impaired credit. Not Freedom Loans - we can still help you get the funds you need to move on with your life.

People endure "moments of crisis", such as unemployment, illness, injury, Divorce/separation, forgetfulness, or dispute with a supplier or credit provider.

So what options are still available for credit impaired borrowers?

In the current credit climate it is the PAYG (full/part time employed applicants) that will have the most success in achieving their refinancing needs. Freedom loans has access to lenders offering affordable options to people who have had various difficulties in the recent past that is stopping them obtaining finance at their local banks.

Is this you?

  1. Are you employed and certain events have occurred that you have currently fallen into arrears on your mortgage facility or other unsecured loans? Freedom loans have options from as low as 7.85%! Up to a maximum of 80% LVR.
  2. Are you employed with excellent mortgage conduct but had previous credit facilities go into default in the recent past due to unfortunate life events? Freedom loans can obtain mortgage finance for clients in this situation from 7.49%! maximum 80%
  3. Have you been employed for at least 3 months but have current mortgage arrears and unpaid defaults? Freedom loans have solutions from as low as 9.84%! 80% max.

Our Bad credit mortgages give you the option to:

  • Obtain funds to do much needed renovations to your property.
  • Clean up your credit rating...start the healing process by paying out all defaults/Judgements/bankruptcy etc. The sooner these are payed out the sooner you can get back to the cheapest rates.
  • Obtain funds for other important things such as purchasing a much needed new vehicle or taking a well deserved holiday.

Self employed without financials with previous credit problems?

This market sector is finding life difficult at the moment when it comes to obtaining finance. At the present moment in time mortgage arrears is a strict no go with every lender when it comes to refinancing. If your mortgage conduct is good and you have credit blemishes on your CRAA there is a good chance we may be able to assist with your financing needs.

At Freedom Loans we understand that these things happen to the best of us and we are able to offer more options to credit impaired borrowers than many other brokers.

  • Our loans give you the chance to clean up your credit.
  • Consolidate all your loans into one, low monthly payment.
  • Enable you to get funds now, despite a few previous stains on your credit record.
  • Get relief from the harassing calls of creditors.
  • Need extra cash? Bad credit home loans give you what you need for home improvements, back child support, late payments, or a much-needed holiday.
  • A loan can even give you the leverage you need to avoid bankruptcy.
  • We can even assist you by negotiating lower payouts on your outstanding defaults.
  • Unpaid tax bills paid out from loan proceeds.
  • Separating/divorce settlements.

Product features and options may include:

  • Interest rates as low as 6.89%
  • Available to people unable to prove income
  • Redraw facilities
  • Variable and fixed rate options
  • No lender's mortgage insurance
  • Cashout options
  • Remote locations always considered by our panel of specialist lenders

Clients that are PAYG (are employed either full or part time) and self employed clients that have financials still have several very good financing options available, if there has been some arrears or adverse credit history in the recent past.

How to find out more

Complete an instant loan application for a rapid response or use our FREE credit report service to find out what's in your credit report.

Did you know?

  • 20,000 Australians declare themselves bankrupt every year.
  • Under the law, a bad credit report can be created for a debt as low as $20.
  • Consumer groups have identified inaccuracies in credit reports of over 10%.
  • 30% of credit reports contained defaults inaccurately listed as unpaid.
  • In the last six months applications for bad credit loans have increased by 44%