We can help you even if you have a bad credit rating

There are many reasons why people end up with a bad credit rating. Regardless of your unfortunate circumstances, you still may be eligible for a home loan.

At Collective Financial Solutions, we handle the loans that other brokers don’t know how to handle, and we have been successfully providing bad credit home loans for years.

With bad credit to worry about, a new enquiry or a failed loan application would not be an ideal addition to your credit file. This is what makes financial services like Collective Financial Solutions advantageous.

We carefully access your financial situation without having to make an enquiry on your file, thus, creating no further damage to your credit history. Directly applying to a bank does not give you that feature, besides the fact that a bad credit loan application approval is almost close to impossible through a bank.

For more information on how we can help you, continue scrolling…


Bad credit? Don't Worry!

With our wealth of mortgage broking experience, we have the expertise to source options for people with bad credit. Whether you have had previous bankruptcy, low income or a default on your credit file, we may still be able to help you. It doesn’t necessarily mean you can’t get a home loan and finally own your dream home.

There are some differences between this type of loan compared to a traditional home loan. You may be required to provide a bigger deposit. This is because if you have a bad credit it’s difficult to get mortgage insurance. Normally when borrowing more than eighty (80%) of your property value, you are required to obtain Lenders Mortgage Insurance (LMI).

At Collective, we provide you with all the information you need to acquire a bad credit loan and we walk you through the process in a simple, easy to understand, way.

What our customers have to say...

Sam was knowledgeable and patient with my questions. He was also very no prompt at every stage and made the entire refinance process seamless. I’d highly recommend Sam if you want a great mortgage broker. I will definitely reach out to him the next time I need a service.

Rhiana Power

Lisa was an excellent professional, very supportive and making the impossible Possible! So happy I met Lisa in my journey investing on properties.

Highly recommended 😃😃😃😃😃. Thanks very much Lisa.

Giovanna Soto

Sam was a pleasure to deal with the entire experience. He was always happy to answer any questions we had and explained everything thoroughly. The whole experience was stress free and very easy thanks to Sam’s help. Look forward to working with him again in future.

Andrew Cleary

Important Information About Bad Credit

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Your credit report will show all credit related enquiries in the last 5 years. All defaults and judgments usually stay on your credit file, irrespective of whether they are paid or not for a period of 5 years from the date they are listed. Bankruptcy information may remain on your credit file for up to 7 years.

If you fix your credit file before you apply for a home loan, then lenders will look at your application as though you had no bad credit. Talk to us about it when you call.

Most of the time it’s difficult to get a loan from traditional lenders if you have bad credit, however, our expert approach means that we will find the right lender for you, that can consider your situation when they assess your application.

Usually, bad credit home loans are suited to people who have had unfortunate events like divorce, injury, loss of a job or business failure. If this has then resulted in black marks on your credit file, traditional lenders will be unlikely to lend to you. This is where you may qualify for a bad credit home loan.

It’s good to review your own credit history to ensure that there are no bad credit listings noted on your credit file. To do this, you can obtain a copy of your credit report, from VEDA Advantage.

Bad credit loans are assessed on a case by case basis. As each person’s credit history and borrowing requirements are different, so are the options.

Why Collective Financial Solutions?

We specialise in bad credit home loans. Our ethical and honest approach means that you get the service and opportunities you need, to own your own home. We have access to niche funding sources, ideally suited to assisting borrowers seeking a bad credit home loan or bad credit mortgage for investment purposes.

Our reputation precedes us with hundreds of happy clients all over Australia, successfully obtaining a home loan. Often loans can be approved for applicants with a bad credit history at around the same interest rates for borrowers with no credit impairments.

For more information on how we can help, contact us today.

Speak to a broker

Contact Us

Our team will help you search, choose and settle your loan. Chat to one of our loan specialists at a time that suits you.

General Enquiries
Lisa – 0418 174 003
Sam – 0437 987 417