Everyone’s financial circumstances are different. We know how difficult it can be to secure finance if you’ve previously had a credit incident. Whether that’s defaulting on loans, bankruptcy, or you’ve just been out of work for a while, we know that it can be a difficult process securing a loan when you most need one.
Adding to this is the fact that since the GFC in 2008, the preferred borrower profile at the big banks has been in constant flux. Many people with a reliable saving history and the ability to make the required repayments are unfairly branded as “too risky” — despite the evidence suggesting otherwise.
Accordingly, the market for bad credit loans has grown. Here at Titan Capital, we understand that previous problems — and unusual circumstances — don’t have to preclude your ability to repay loans in the here and now. We know that situations need to be assessed on a case by case basis, and we’re here to help you secure the finance you need when you need it. That’s why we’re able to offer such effective online loans for bad credit across our product offerings. We can help you get the finance you need — even if you’ve been turned down elsewhere.
Let’s look at some of the people who can benefit most from bad credit loans in Australia.
- Self-employed people
Many self-employed people have difficulty securing finance as they don’t fit the preferred borrower profile — even if they’re remarkably successful in their chosen arena. Income may be seasonal or potentially stem from sources that the big banks aren’t familiar with. It can be preferable to borrow outside of the big banks and opt for alternative loan providers in these cases.
- New migrants and foreign residents
If you’ve only recently arrived in the country, we understand that it can be difficult to procure loans and establish yourself financially. That’s where offerings like online loans for bad credit can be an ideal way to establish yourself in your new home country or help your family get established.
- Rebuilding good credit through bad credit loans
For many, opting for bad credit loans is a pathway to rebuilding their credit score and making a return to financial stability in anticipation of future endeavours. By showcasing that you can make regular repayments, you may be able to be eligible for bank loans at a more rapid rate than would otherwise have been possible.
- Debt consolidation
Previously had — or currently got — issues with debt? Opting for refinancing through bad credit loans can be an effective way to consolidate multiple debts into one unified loan instead of making repayments and interest payments on multiple loans.
If you’ve got clients that you’ve had difficulty securing finance for, we might be able to help. Titan Capital works closely with brokers to help secure finance in a wide variety of situations.
How Titan Capital can help you
At Titan Capital, we offer no-doc, fast settlement loans, with fewer restrictions and caps on borrowing than many of the big banks. Provided you’re able to offer residential or commercial collateral, we should be able to provide you with a loan for your specific needs and requirements.
Contact Titan Capital today
So if you’ve got any questions about bad credit loans, get in touch with the team at Titan Capital today. Our BDMs will be more than happy to assist you with any enquiries. Simply give us a call on 1300 304 770 or send through an online enquiry.