Impaired credit or adverse credit, as it is sometimes referred to, is when you’ve had a history of not keeping up with payments on your credit agreements and you’re then unable to get approval for new credit.
For more information on some of the more common aspects of impaired credit, read 'The bad credit basket: Is this really where you belong?'
If you have impaired credit or adverse credit, you may have experienced a ‘life event’ such as a marriage breakdown, illness or a failed business venture and are often viewed as too high risk, even if you have overcome the event that caused the impairment.
If you would like to know more, speak to a Lending Specialist on 13 73 77, Monday to Friday 8:00am - 6:00pm AEST.
This article provides you with factual information only, and is not intended to imply any recommendation about any financial product(s) or constitute tax advice. If you require financial or tax advice you should consult a licensed financial or tax adviser. The information in this article is believed to be reliable at the time of distribution, but Pepper does not warrant its completeness or accuracy. Neither Pepper nor its related bodies, nor their directors, employees or agents accept any responsibility for loss or liability which may arise from accessing or reliance on any of the information contained in this article. For information about whether a Pepper loan may be suitable for you, call Pepper on 13 73 77.