Monthly Archives: January 2012

Bad Credit Car Loan

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Institutions using The Credit Referencing Association of Australia (CRAA) may report any late payments or non payments to The Credit Referencing Association of Australia (CRAA).

Many companies use this and is can have a long term negative effect on your ability to obtain finance or credit.

Institutions and companies that use credit ratings to judge your ability to service a debt include:

  • Banks
  • Insurance Companies
  • Car Loan Companies
  • Mobile Phone Providers
  • Electricity Companies
  • Gas Companies
  • Real Estate Agents
  • Internet Service Providers

And many more.

Whenever you apply for finance with one of these companies and a debt owing has been listed, your ability to obtain credit with this company may be hampered until you have:
Contacted the company claiming you owe the debt Repaid the Debt or Had the debt listing removed.

In some instances it is not possible to have these ratings removed for a period of time of up to 5-7 years.

A great example of why you should always negotiate payments and settlements with companies you own money to if repaying a debt is causing you hardship or not possible.

If you have ever declared insolvency or have been made bankrupt chances are, Banks will never loan to you again (you should always check with your bank as rules differ bank to bank)

There is an alternative and you may be familiar with it and it is called Rent to Buy

You will need to carefully source “Rent to Buy” providers. Many companies use a Credit Card service such as Visa or Master Card.

In these instances, they will most likely use a Credit Check to see if there are any debts owing by you and and the finance will be declined.

Many privatley owned businesses now offer Rent to Buy services and do not subscribe to the CRAA. The benefit of this is that you can obtain the product without worrying about your Credit Rating.

Many second had car rental providers have long provided this service.

If you think Rent to Buy might be the solution to your credit needs, why not contact a car loan bad credit specialist for a no credit car loans advice

 

 

Suggested Reading Credit File

Solar Panel Installation

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Solar Power Systems are the future of energy, or at least that is what we have been lead to believe and let’s be honest,  Solar Power has the potential to become a leading method of Power Generation in a country like Australia.

Traditionally German engineers have provided Solar power panels at a high standard and like they say, when you’re on a winning team, why would you change?  (hey I’m not talking about Gary Abblett Junior here)

Solar Power Panels and Solar Power Systems are changing the landscape of Free Power Generation in Australia.

So How do Solar Panel Systems Work?

Suprisingly it’s a fairly easy to understand.

Sunlight is the  Power source (obviously), Solar Panels, collect sunlight and convert the Free Energy into an Electrical Current.

The electrical current is sent to the Inverter box as a DC Power when it is converted to AC Power which then powers your everyday products, such as your Computer, Television, Radio and anything else in your house that requires electricity. So isn’t having  Solar Power installed a great idea?

That’s not all. In a country like Australia it is totally possible to generate more Solar Power than you need. So if you generate too much Solar Power for your house the excess Solar Power generated is channeled  back into the grid.

The grid is owned and operated by the government and power companies. So if you do generate excess electricity from your Solar Panel installation you can save more money as they give generoud discounts for this.

This is on top of the obvious benefits Solar power brings to reduce you and your families carbon footprint.

Solar Credit Information (Australian Goverment Site)

Solar Power Panels Installation in Brisbane, Sydney, Melbourne or Perth