Bad credit history

Bad credit history

There’s a number of good reasons why you might find yourself with a bad credit history.

It could be that you missed a payment, made ‘too many’ credit enquiries, suffered a temporary sickness that resulted in months without pay, went through a divorce or even owned a business that struggled. The causes can be quite diverse and sometimes it’s simply down to bad luck or poor personal admin. Whatever the reason, we understand that it’s just something that you can experience from time to time.

Whether you call it a bad credit history, adverse credit or impaired credit, it can in fact be quite problematic with some lenders when it comes to a home loan. Let’s say you apply for one with a lender who uses an automatic credit scoring process.  Your application could instantly be declined because of credit impairment - all without giving you the chance to explain your side of the story.

Pepper however takes a different approach. For starters, we certainly don’t write you off just because you might have a less than perfect credit history. When we assess your application for a home loan, we like to ask you about it. We’re more interested in your circumstances. What happened? Why did it happen? And how likely is it to happen again?  What’s more, we take into account your current financial situation. Not just your past defaults.

If you think your credit history is affecting your ability to secure a home loan, or if a credit check has found adverse credit events, you can talk through your situation with one of our Lending Specialists.

We’ve helped many borrowers who have experienced a wide variety of small to large credit impairments including:

  • Currently or previously in arrears
  • Missed or unpaid bills
  • Credit file with ‘too many’ credit checks
  • Registered Credit defaults
  • Discharged Bankruptcy
  • Part 9 or 10 Debt Agreement.

Your credit history shouldn’t be the difference between a yes or a no. For this reason, Pepper has created a range of home loan options that you may be eligible for.

To find out more or if you’d like to apply for a home loan, give one of our Lending Specialists a call on 137 377. Have a chat about your situation and we’ll see how we can help.

Pepper has helped thousands of borrowers just like you. Read their stories.

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