Posted in credit impaired

If you're self-employed, meeting the strict lending criteria of many banks can be tough. What's more, each bank has its own lending policies making it even harder to know exactly where you stand. When all your time is focused on running your business (as it should be), it can be difficult to do the leg work to find out things like: Do you need bank statements or pay slips to apply for a self-employed home loan? Should you be registered for GST? How does your fluctuating income e...

    Your finances can get a bit out of control sometimes, for all sorts of reasons. Illness, divorce, redundancy – sometimes, just getting overwhelmed with things to do and accidentally missing a bill payment. The result can be that you get put in the bad credit basket. Even if you sort it out and pay the overdue bills or fix up a default on a loan repayment, you can still have a black mark against your name afterwards. So, while you may see yourself in the clear after clear...

If you're self-employed, like most small business owners, you know how to make money but perhaps you're not so great at managing it. Usually this is because you're so busy running (and building) your business to keep on top of the latest money advice for self-employed borrowers. So, to help you better understand how to manage your money here are a few quick and easy tips to help you get started. 1.            Paying less tax...

  If you're self-employed or you own your own business, you will know all about the challenges of administration - keeping your accounts, finances and income flow all on track. It's not easy. The last thing you need is a ‘no’ on your home loan application because of the paperwork. But here's some good news. There are alternatives. Here are four steps that anyone who’s self-employed can take to help get a home loan sorted. 1. Sort out the paperwork you do...

Lots of things can affect someone’s credit history - getting sick, redundancy, divorce, forgetting to redirect bills if you move, or just an accidental slip on timing can mean late or even missed payments. If you have credit issues from these sorts of situations there are things you can do to help your chances of buying a home. Here are five tips to help you get back on top. 1. Get your credit report under control The first thing you should do if you do have credit problems is get a...