Can Defaults Be Removed From Your Credit History?
March 20, 2025What paperwork is needed for a bad credit car loan?
March 20, 2025Bad credit car finance is designed for people with credit defaults or minor issues like ATO debt. When you have defaults on your credit file, lenders assess the higher risk against their policies. Traditional lenders require higher credit scores, which is why specialised bad credit lending institutions exist.
These loans use your vehicle as security. This means the lender can sell your vehicle if you do not pay.