Credit scoring is a statistic based assessment model adopted by many mainstream lenders.
Since the Global Financial Crisis, prime lenders and their mortgage insurers have continued to tighten their credit policies. This can affect where you stand as a borrower. Where you may have once been considered a prime loan candidate, you may now no longer be able to meet the requirements.
The truth is that credit scoring models look at many variables. This can make it difficult to understand why your loan application was declined.
Pepper does not use credit scoring, so you'll get a more flexible approach when you are assessed by Pepper.
If you'd like to learn a little more about our lending criteria, give one of our friendly Lending Specialists a call on 13 73 77, Monday to Friday between 8:00am and 6:00pm AEST.