About Bad Credit Jet Ski Loans

About Bad Credit Jet Ski Loans

Have you been planning on buying a jet ski, but your bad credit history has been lingering around like bad smell halting those plans? A bad credit jet ski loan from Auto Link Finance is the solution to your problem. We are experts when it comes to assisting customers with bad credit. We believe all people deserve another chance. Unlike the banks, we listen to your situation, and we understand. Bad credit can happen to anyone at any time for any number of reasons. With over 30 years of experience in the finance industry, our senior loan specialists will remove all the stress that gets associated with finance and in return, we get you the best possible finance package that best suits your situation and needs so you can go out there and shop with confidence.

Speaking of shopping with confidence, with the products available thanks to our large panel of lenders, you can purchase your jet ski from a private sale vendor or a dealer meaning you can get the jet ski that you want. Another advantage of having access to our large panel of lenders is that we have some of the most competitive interest rates on the market when it comes to bad credit jet ski loans, the less you have you to pay the better. The benefits don’t just stop there. By making all your repayments on time on your bad credit jet ski loan, you are repairing your credit history so the next time you choose to go for finance, you can approach a good credit lender and your chance of a successful approval will have skyrocketed in comparison to before.

With the infamous Australian summer heat starting to hit us, there is no better time than now to apply for that bad credit jet ski loan, so you get out on the waters with family and/or friends. Either click the apply now button to fill out our quick and easy loan assessment or call us on 1300 982 279 to speak with one of our friendly staff so we can get you out on the water enjoying your jet ski.

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Things You Should Know About Getting Finance With a Bad Credit Lender

Things You Should Know About Getting Finance With a Bad Credit Lender

Getting finance with a lender that looks after people who have had bad credit in the past is a complicated process. These lenders are also known as non-conforming finance companies or second chance lenders. It may be a complicated process but it’s still very achievable and much more so than a good credit lender such as your traditional banks and finance companies. Why is that? It is because second chance lenders are more forgiving of your credit problems in the past and as the name suggests, are more willing to give people a second chance.

Bad credit lenders may not be the cheapest option, but they are also not the most expensive. The unfortunate thing is in almost every case, bad credit lenders are the only option a person with bad credit history has if they are in the market for a loan. Interest rates with these lenders as well as their fees are not as attractive as what your traditional banks would offer, they are higher. However, interest rates and fees vary from lender to lender and are important considerations to factor in when making the decision of what lender to use. Make sure to get an upfront quote for the amount you are wanting to borrow inclusive of all fees and charges. The quote will help you make an informed decision on how big or small your loan size can be as well as your ability to afford it based upon your weekly/fortnightly/monthly budget.

At Auto Link Finance, we provide all our customers with an accurate quote upfront. We base our quotes on your individual credit history and circumstances which helps us determine which lender and their product best suits your needs. This is what give us the ability to give accurate quotes to our customers upfront including the loan amount and all fees and charges included in the loan. This is all done before our customers commit to the proceeding with the finance and determined once the loan assessment is completed so they can make an informed decision on whether they would like to proceed or not proceed. This is how it should be done by all brokers for all customers however this not the case. So, if you are talking to another broker and cannot get the aforementioned information upfront, then I would strongly suggest trying someone else who can give you the facts such as ourselves.

Deciding on a loan amount can be tricky, especially if you do not have a particular vehicle in mind to help guide on how much to borrow. It is important that you do not look at getting a large lend with a bad credit lender unless you can afford without any issues whatsoever. A good starting point for a loan amount would be between $10,000 – $20,000. Look at this loan as the steppingstone towards two things. First thing is you will be restoring your credit by taking a loan with a bad credit lender and secondly you will have a vehicle that will be sufficient until you restore you credit. Once you have restored your credit, you can finally approach good credit lenders who have cheaper much cheaper interest rates and fees. That also means you can afford to borrow a larger amount and get the bike, boat or car that you have always wanted.

If you are in the market for finance and due to your bad credit, you need to approach a bad credit lender, the best recommendation we have for you is to utilise the services of a finance broker that specialises in the bad credit area. The reason for this recommendation is that there are a multitude of different bad credit lenders out in the marketplace, each with different sets of lending criteria and guidelines they follow. Each application you make with a lender leaves a mark on your credit report, affecting your credit score negatively. With such many lenders to choose from, it is incredibly difficult for someone without the knowledge of all these bad credit lenders criteria and guidelines to be able to decide on the best available loan for them. This is where a good, experienced and reputable broker such as us come in.

Auto Link Finance’s senior loan specialists will listen to your situation and assess your personal circumstances to see if you qualify for finance. If you qualify for finance, we match your application against all the lenders lending criteria and guidelines that are available to us from our extensive lending panel. This is done to find the best interest rate available to you as well as the cheapest fees and charges. This way you only have one application being submitted to a finance company which means only one enquiry on your credit report as opposed to several if you were to not go through a broker. Only one enquiry compared to several will not negatively affect your credit rating, which is important as the lower your credit rating, the less likely chance of your loan being approved. As you can see, there is a well-structured process for getting this done right for you, and for getting it done right the first time. With 35 years’ experience in the finance industry, Auto Link Finance has been getting it right the first time for all our customers, so give us a call now to make your bad credit loan an easy one. Call us on 1300 982 279 to speak with one our senior loans specialists or click the Apply Now button.

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Car Loans For Non-Residents In Australia

Car Loans For Non-Residents In Australia

Car Loans For Non-Residents In Australia

When you are living in Australia for an extended period, you will often need a car and the cost of hiring one for a long period of time will often be very expensive, and at the end of hiring this car you have nothing to show for the money you have spent. You can try public transport, taxis or uber however they can be inconvenient and costly as well.

The other solution for most non-residents that intend to stay here for many years/have the intention to become a permanent resident in Australia is getting a car loan. To a visa holder, a car loan can seem rather difficult to obtain as many finance companies require their customers to be either citizens of Australia or a permanent resident of Australia in order to lend money to. The problem you are going to have is convincing a lender to lend you the money when you cannot prove that you are either going to stay in the country long enough to pay off the loan or pay it off before you leave.

However, that is not the be all end all, in fact there are some finance companies that will lend to customers on certain visas. Please see below to view a full list of visas’ that the lenders on our lending panel will accept for a customer to be eligible for a car loan.

To qualify for a car loan when in Australian on a visa, you must meet the below criteria and hold one of the visa’s below, if the visa you are currently holding is not listed below then unfortunately we will not be able to assist you.

Lending Criteria

  1. Must hold a current valid visa that is listed below
  2. Visa must have a period of over 3 years left before it runs out
  3. Loan terms are a minimum of 3 years
  4. Must be currently employed for a period of 6 months or more
  5. Previous bad credit is acceptable but limited
  6. The size of the loan will be limited to your overall profile and ability to pay.

Acceptable Visa’s

Skilled Work Visas                                         

  • 457 – Skilled Workers Visa (Subclass 457) 4yrs
  • (Occupation must be listed on MLTSSL) Max Age 45 Min Salary $53,900GPA
  • 475 – Skilled Regional Sponsored Visa (Subclass 475)
  • 186 – Employee Nominated Scheme (Subclass 186)
  • 187 – Regional Sponsored Migration Scheme (subclass 187)
  • 189 – Skilled Independent Visa (subclass 189) (EOI TESTED)                                                     
  • 885 – Skilled Independent Visa (Subclass 885)
  • 190 – Skilled Nominated Visa (subclass 190) (EOI TESTED)                                                     
  • 489 – Skilled Regional Visa (Subclass 489) (Government Nominated)
  • 175 – Skilled Independent Visa (Subclass 175)
  • 176 – Skilled Sponsored Visa (Subclass 176)
  • 887 – Skilled Regional Visa (Subclass 887)

Partnered and Family Visas                         

  • 801 – Permanent Partner Visa (Resident) (Subclass 801)
  • 100 – Permanent Partner Visa (Migrant)(Subclass 100)
  • 143 – Contributory Parent Visa (Subclass 143)
  • 184 – Contributory Aged Parent Visa (Subclass 864)

Protection Visa’s                                                                                              

  • 866 – Protection Visa (Subclass 866)
  • 790 – Safe Haven Enterprise Visa (Subclass 790)
  • 200 – Refugee Visa (Subclass 200)
  • 202 – Global Special Humanitarian (Subclass 202)
  • 785 – Temporary Protection Visa (Subclass 785)

Permanent Resident Visas                                                                                    

  • 155 – Resident Return Visa (Subclass 155)
  • 157 – Return Resident Visa (Subclass 157)

Business Innovation Visas                                                                             

  • 188 – Business Innovation and Investment Visa (Subclass 188)
  • 888 – Business Innovation and Investment Visa (Subclass 888)

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Why Payday Loans Affect My Credit Rating.

Why Payday Loans Affect My Credit Rating.

Why Payday Loans Affect My Credit Rating.

Payday loans are one of the most controversial financial products currently available. While there is no question that payday loans do affect your credit rating, the bigger question is perhaps whether they have a negative or a positive influence. With some payday lenders marketing their products under the guise that consumers will see their credit rating benefit upon repaying on time, it is certainly a question that needs to be addressed.

How Payday Loans Appear on Your Credit File

As with any other type of borrowing, almost all payday loans will appear on your credit file, under the consumer credit section. Remember that your credit file shows the following information:

Credit enquiries, meaning applying for a payday loan, even if you ultimately don’t take out the loan, the enquiry will still appear on your file.

The types of credit you currently have open accounts for.

  • The terms of the account, including the opening and closing date. A short time between dates will highlight the short-term nature of the loan and perhaps that it is a payday loan.
  • The credit limit of your accounts, in the case of a payday loan this will be the amount you borrowed.
  • Repayment history.
  • Details of any defaults, judgements and overdue accounts.

Even if a payday loan did not affect your credit rating, lenders are still able to see whether you have any payday loans by looking at your credit file. Some lenders/banks may not lend to you if you have any active payday loan accounts. Others may even have a policy not to lend to you if you have had any payday loans within a specific recent time.

How Payday Loans can be Positive

A payday loan on your credit file may be positive in that, if you meet your repayment obligations to the lender, you will have a clean repayment history and you may be seen as a reliable borrower, at least for this type of financial product.

However, different types of credit are weighted differently when it comes to credit scoring. For example, if you make mortgage repayments on time every month, these are given more weight than a payday loan. The full range of factors listed above can contribute to your credit score, and may also be considered by lenders, who will use your credit score but only as part of a wider consideration of your credit application.

How Payday Loans Can Affect Your Chances of Getting Credit

Depending on the number of credit enquiries you have made, the types of credit you use, and the terms of your borrowing all being visible on your credit file, payday loans may end up contributing to a lower credit score. Even if you prove to be a reliable borrower and never make a late repayment, the fact you are reliant on payday loans can be a signal that your regular financial management isn’t as good as it should be, especially if you find yourself reliant on short term borrowing on a regular basis.

From the perspective of the lender, remember that they are regulated and are duty bound to act responsibly. If you are reliant on short term borrowing on a regular basis, lenders may decide it wouldn’t be responsible to accept you for a long term asset loan or a credit card, as your credit history may raise questions as to how your circumstances would enable you to meet your repayments.

Payday loans tend to have higher interest rates, which means consumers often find themselves repaying one loan but then needing to take out another shortly afterwards. This pattern has the potential to be disastrous for your credit rating and how lenders will view your credit file, so while you may feel you have no option but to take out a payday loan in some circumstances, ideally they are something to avoid at all costs.

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Second Chance Bike Loans

Second Chance Bike Loans

Second Chance Bike Loans

Having trouble securing bike loan approval with bad credit? Sadly, you are not the only individual, in reality the big banks & good credit lenders tend to shun an extensive amount of credit applications for a divergent measure of reasons, such as a bad credit history, defaults, judgements, previous bankruptcy, part 9 agreement, too many credit enquiries and a few more.

As difficult and frustrating it may be trying to get a loan with the big banks and good credit finance companies, it doesn’t stop there, they are not the only lenders around to secure a loan when you have had a bad credit history in the past.

Auto Link Finance specialises in bad credit chance bike loans, and we believe in giving everyone a fair go, providing that you are currently in a good financial position and have been for the last 6 months.

Don’t let bad credit stop you from getting your dream bike. Speak with Auto Link Finance, we are one of Australia’s leading provider of bad credit bike loans and could help you get off to a good start and back on track.

The big banks and good credit lenders tend to decline those requiring bad credit loans and leave you often in the dust. Don’t stop there, contact us about acquiring a bad credit bike loan to get that second chance you deserve. At Auto Link Finance we are a finance brokerage that specialises with bad credit bike loans to help those who were unfortunate to fall into bad credit.

We can also tailor your loan to suit your purchase, for example if you apply / get approved for a $20,000 bike loan, and you later find a bike for $17,000 then we can lower the loan amount thus making your payments lower and paying back less interest. Every lender obviously has varying guidelines set out for applications received.

Our service doesn’t stop once we have secured our customers a second chance bike loan. Ideally down the road, if you have been cruising well with the bad credit bike loan, with the addition you have restored your credit history back to normal (18 month time period) with a distinguished repayment history, the offer is given to refinance the loan.

This is only with the provision that you ensue our stern instructions and guidelines that we grant on repairing and restoring your credit. Your auto loan refinance can help you annex a lower interest rate, inclusion of lower loan fees, and an addition of more flexible loan features. Don’t be left in the dust. Apply now for a free loan assessment to get your bad credit bike loan up and running and let Auto Link Finance be the constituent to your dream bike.

We are an Australian finance brokerage that specialises in bad credit loans with over 30 years’ experience in the finance industry, let us get you started with that bad credit bike loan. You can start today, just call us on 1300 982 279 for a free loan assessment or apply online now.

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Uber Car Loans

Uber Car Loans

Uber Car Loans

From bursting onto the transportation scene as an illegal ridesharing business to evolving and progressing into the highly successful and lucrative ridesharing business it is today, there is no denying that Uber has become exceedingly popular, and Uber has left its mark on the transportation industry as we know it. Uber has swept our nation giving people a cheaper economical alternative to the taxi industry, of which has caused outrage amongst the taxi drivers in the industry.

Uber is also extremely accessible, almost any person can be an Uber driver providing they meet the requirements set out by Uber which are simplistic and easy to meet. Another benefit of Uber opposed to taxi driving is the cost of a taxi driving license which are quite expensive. Uber drivers on the other hand do not require a taxi license, which further adds to Uber’s accessibility. With all that in mind, you are left with the question of what car should you choose to begin your Uber career. Perhaps you are an established Uber driver, then it may be time for an upgrade. Regardless of whether you are just starting or upgrading, choosing a vehicle can be quite difficult, after all as an Uber driver, your car is your office and you are going to be spending a lot of time in it, therefore making the correct choice is imperative.

Below is the list of requirements for an Uber X Vehicle.

Uber X Vehicle Requirements

  • Vehicle must be in excellent working condition
  • No older than 10 years old
  • Must be able to seat 4 passengers and the driver
  • Must be able to pass a Redbook Inspection
  • Vehicle must be registered relative to your state E.g. a Victorian Uber driver must have their registered in Victoria
  • Vehicle must be free from cosmetic damage and commercial branding
  • Vehicle cannot be a taxi, government, branded or rebuilt vehicle

As an Uber driver looking at purchasing a new vehicle there also some other factors you need to take into consideration that were not listed above.

Safety – Safety is by far and away the most important feature to a car to both you and your customers. Whilst you are a safe driver, other drivers may not be, so having a car that can be prepared for the unexpected will be a wise choice.

Comfortability – As previously stated, your car is going to be your new office, so you want something that you are comfortable sitting behind the wheel of the whole day. You are also going to want your customers to have enough space at the back and possibly some space for any potential luggage they take.

Operating costs – Fuel efficiency, insurance costs and servicing are some important costs to keep in mind, a fuel-efficient vehicle is ideal, so fuel costs don’t take a chunk out of your wallet. Servicing and insurance costs tend to be higher for the “luxury” brands such as your BMW’s and Mercedes so it may be best to avoid these if you are tighter on budget

Vehicle Price – A common misconception is that you must spend a fortune on getting a brand spanker to keep up to date however that is not the case. See below for some affordable 2018 options that we recommend you look at.

Toyota Camry Ascent Hybrid 2018 – $29,990

Toyota is a Japanese powerhouse in the Australian Car Market, bringing us reliable cars like the Corolla which is well known for being practical and easy to drive, the Camry Ascent Hybrid is no different. It is currently a popular choice across taxi companies and the Australian public alike, this is not without good reason. The Camry feels just as nice and easy to drive as the Corolla, if not better, however unlike the corolla, the Camry is more spacious allowing for more leg room for both the driver and the customers. The Camry is also nice and quiet at lower speeds thanks to its hybrid drivetrain allowing your customers to have a conversation without competing with the noise of an engine. When you are buying a hybrid, fuel efficiency will be at the forefront of your mind, and the Camry is the most efficient out of the cars on this list. The Camry also features a five-star ANCAP Safety Rating which will give you and your passengers peace of mind.

Mitsubishi Outlander 2018 ES 7-Seater – Starting from $30,990

If you have a larger family and planning to only do Uber on the side, the Mitsubishi Outlander might be the car for you. The Outlander is a relatively flexible car as although it is five-seater SUV, it can transform into a 7-seater, perfect for when the unexpected happens. The back 2 seats are not the spacious under the sun however it is more than serviceable for children, adults will still fit in the back but not as comfortably. The Outlander has Apple CarPlay and Android Auto which are standard across the range, which is a nice touch, so you can use your favorite music streaming app such as Spotify or use your own maps app over the cars sat nav. The Outlander and the Camry share one major benefit, the safety rating. The entire series of Outlanders were awarded a five-star ANCAP Safety Rating when they were tested in 2014. 

Ford Mondeo Titanium Wagon 2018 – starting from $33,190

The Ford Mondeo is a car that not a lot of people have heard of, when was the last time you remember this car show up on a Ford Ad on TV? The Mondeo is a little bit more expensive then the previous models listed in this article, but this is affordable luxury that you and your clients will love. The rear seats are both comfortable and have plenty of legroom. The rear seats are also quite spacious so having 3 adults in the back is not a problem. Safety is also not a problem as the Mondeo shares the same five-star ANCAP safety rating that the aforementioned Outlander and Camry have. The Australian public might still be feeling a sting of sadness and disappointment after the end of the Ford Falcon dynasty, the Ford Mondeo may just be the replacement that not only we are looking for but also may be your next uber car.

You will notice some things in common with the above cars, they are all roomy and spacious. They are all fuel efficient and most importantly they are all safe. All of which are extremely important when it comes to selecting not only a car in general, but even more so when it comes to getting an car for Uber.

So, you now know what the requirements are for an Uber X vehicle, you know what to look out for in a car and you have some examples above of what to purchase there is only one thing left to do, buy the car. That is where Auto Link Finance comes in, we can help you achieve a commercial car loan that is best suited towards your own personal circumstances.  Don’t put off getting your car any longer, call us on 03 9368 3298 or apply now to get your application started today.

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