Can I get a tax debt loan with bad credit?
April 23, 2020Why Is the ATO Debt Collection So Forceful?
April 23, 2020We have lenders who can offer up to 90% Loan-to-Value Ratio (LVR) against your security property. However, several factors affect the LVR, including:
- Type of Property and Location: The size of the land and location impact the LVR.
- Property Zoning: Rural or farm zoning can result in lower LVRs.
- Credit History: Your credit history and whether debts are paid or unpaid also affect the LVR.
The available LVR against your property is crucial as it determines if the tax bill can be fully paid. Consequently, the LVR and loan amount will either:
- Fully pay the debt or
- Leave a shortfall debt balance, resulting in a potential continuing debt issue.
