We look forward to assisting you with your inquiries.
FAQ's - we have put together some of the most commonly asked queries. Of course, these are general answers, which don’t take into account your specific circumstances and should not be taken as financial advice.
Tips to follow BEFORE applying for finance
Tips about defaults
Q: If I have defaults on my credit file does this mean I won’t get a loan?
A: The short answer is NO – but it does make it harder to get and limits the number of lenders that we can approach.
Q: Can I get a loan if I’m bankrupt?
You may be able to get a loan if you are a discharged bankrupt or even if you are currently bankrupt. Keep in mind you will be more limited in terms of the lenders you have to choose from and the fees and rates will also be considerably higher on bankrupt loans. You may also be required to attach an asset as security or apply with a guarantor. Find out about your loan options below and see what you might be eligible for.
Before you apply for a loan while bankrupt…
Tips about loan repayments
If at any stage you have trouble paying your loan always keep the finance company informed. Good communication makes a difference. Discuss the matter with the finance company and they may be able to help, for example by extending the loan, lowering the repayments or offering you other terms to assist you with your current hardship. Lenders are real people too, and they do not like to hassle their clients unnecessarily - as they want these people to be ongoing customers.
Tips for a Good Credit Rating
Always pay your loan on or before the due date. If you have a credit card with a limit of $500 and it’s due on Monday and you pay it on the following Thursday (because that’s when you get paid) that will give you a bad credit rating – so always make sure make your payments on time. If you are renting and continually paying your rent after the due date - you will get a BAD rental record which can effect your ability to rent a home. Most people do not realise that a great rental record can be used by some home loan lenders to substantiate a "genuine" savings record. A loan or rental record should run for at least 12 months to establish a sound loan on-or-before-time repayment history. If you combine these factors you will be well on the way to having and/or maintaining a good credit score.
At RedCap Finance Brokers (EZ Finance) we aim to get you the most competitive loan based on your personal circumstances and financial behavior from our panel of lenders.
Collingwood Park (Ipswich) Qld 4301
Allan W Pearson Credit Representative 523250
In Partnership With EZ Finance Pty Ltd & EZ Finance Commercial Pty Ltd
Australian Credit Licence Number: 392611
© 2019 U1st Realty Pty Ltd 99 Collingwood Drive, Collingwood Park 4301
U1st Realty Pty Ltd is an Independent Real Estate Agency. All Rights Reserved
Please Take Note
U1st Realty is a licenced real estate agent and is able to give property advice within the scope of their licence. The nature of the professional advice given will vary depending on the nature of the Real Estate Activities you engage in; but will require (at a minimum) you need to be advised by a licensed real estate agent, a licensed builder, a solicitor, a Financial Advisor, and/or an accountant. You further acknowledge and agree that U1st Realy Pty Ltd is not licenced to provide financial advice and therefore any information we may offer you is entirely factual information in nature, except in the areas that we are licensed to advise you on. We provide quality factual information and real estate guidance to our clients so that you are able to question and engage the various appropriately licenced professionals to get the personal advice you need; and to help you learn from the experiences of others that have already engaged in certain Real Estate Activities that you may be considering.
Allan Pearson of RedCap Finance Brokers is an authorised finance advisor with EZFinance Pty Ltd. ACN:140178383 - Australian Credit Licence Number (ACL): 392611 and it's authorised Advisors are fully qualified to give advice and assist with all/any consumer lending. EZFinance Pty Ltd is a member of AFCA.
Allan Pearson of RedCap Finance Brokers is an authorised finance advisor with EZFinance Commercial Pty Ltd (ACN:639833604) and it's authorised advisors are fully qualified to give advice and assist with all/any Commercial / Business lending. EZFinance Commercial Pty Ltd only advise and assist with "Non-Coded" finance (as described in the NCCP act 2009) and are not a member of AFCA.
Our Preferred Home Loan and Finance Brokers are... RedCap Finance Brokers (EZFinance authorised representative) - 99 Collingwood Drive Collingwood Park (Ipswich) Qld 4301.
Allan W Pearson (RedCap Finance Brokers) Authorised Credit Representative 523250 of Australian Credit Licence: 392611
NB: Your Full Financial Situation would need to be reviewed prior to acceptance of any loan offer or product!