Bad credit car finance
The first option that you would get is choosing a bad credit car finance. The good thing about getting car finance with bad credit in Queensland is that you would be getting instant approvals and would be able to drive your new car home on the very same day. These dealerships generally provide you loans at a higher rate of interest and may sell both new and used cars, depending on your choice. The dealerships simply pay attention to your income rather than your financial background. People who have no credit, bad credit or those who are bankrupt often chose these options because they get hassle free loan options here. However, this option is available only for those who have a steady source of income. In case you have a bad credit score with no regular income, you would not be able to fetch car finance with bad credit in Queensland.
Score improvement
This options is normally not chosen by people. It is because credit score improvements is a very difficult task and may take years to get back in order. However, what people fail to understand is that small improvements in their credit score can go a long way. Even some traditional loan companies can accept slight less than ‘good credit score’ at times. This can be done by removing the small and high interest loans from your credit report. Study your report carefully and check whether there are any issues. If some issues are disputed, seek legal counsel. Disputed claims never make a part of your credit score, even though they get mentioned on the report. If you have a credit card which you are not able to pay off fully, just stop its subscription and start paying by cash or debit card. These small improvements would be making significant changes in your credit score and you might get some good deals in the future as well.