There are several reasons why you might not be able to find credit through traditional funding sources. If you have bad credit it could be the main reason why you have been rejected for an application for a loan or credit card, and with adverse credit it can seem a long way back to get to where you want to be. That is why we have developed the Clear Loans service, providing bad credit loans to those who otherwise would have no access to financing that can make a huge and positive difference to a life. Our guarantor loans are the perfect solution to your problems.
Bad credit can develop for any number of reasons, from poor financial management, to unexpected expenses and unforeseen changes in circumstance that can lead to you missing payments on loans, credit cards and bills and a negative impact on your credit score. It is easy for this type of negative credit score and debt to spiral out of control, so always be prepared and have a strict plan in place to manage your bills and debt.
The process of applying for a guarantor loan is a simple and straightforward one. We have developed a service where you are the priority. Before applying you'll have the choice of how much money you would like to borrow (between $3,000 and $15,000), and the amount of time you would like to pay that amount back to us (up to 60-months). From these two figures we'll work out the interest that will be attached and you'll never be hit with a hidden charge.
We also don't apply late payment fees or charges of this nature, instead taking the route of being proactive in helping you should you have had a change in circumstance. Always notify us immediately if there are any changes that may be relevant to your ability to pay back the loan.
With a guarantor loan we'll ask you to set up a direct debit for regular monthly repayments, as well as give us details of an additional debit or credit card should the direct debit fail for any reason. If you cannot make payment, we will then attempt to secure payment from your guarantor. We will never put increased pressure on either you or your guarantor, instead looking at ways in which we can help. Professional debt collection agencies will only ever be included as a last resort.
It really is a simple premise to apply for a guarantor loan. In most cases it is because the applicant has bad credit and has failed to borrow money through mainstream lending sources. With a guarantor loan you do not need to offer any security in order to be successful with a loan, instead another person will act as guarantor, providing the backup and security that allows us to have peace of mind that the payments can be made even with the borrow having adverse credit.
We will always conduct affordability assessments to ensure that you as the applicant, can afford to make repayments based on your income and lifestyle, with the guarantor as the backup should circumstances change. It gives you the chance to move forward with your life, and to build a good credit score. To find out more please visit our Contact Page to fill out a simple form and we will contact you at a good time for you. Alternatively you can call us on 1300 430 935. Our customer service team is available between 9am and 6pm Monday to Friday.
