What do you do if you want to refinance but have a bad credit score?
If you’re thinking about refinancing but think your credit history may impact your ability to do so, follow our top tips to ensure your credit score is ready to go when you are.
Refinancing to access a better rate, improved features, or to consolidate debt can be a great way to save money. However, if you have a bad credit score, refinancing may be a little more difficult – so what can you do?
If you think your score might affect your chances at a successful application, follow our recommendations below:
Finally, when you’re ready to apply, it’s important to spend some time shopping around for the right loan. This makes it much easier because you can make a single application to just one lender. This is important because each time you apply for a loan, it’s marked on your credit history. If you apply for multiple loans, it might reflect poorly on you and the credit score you’ve worked hard for.
To avoid multiple applications, get an Aussie Broker by your side to do the research. This can help you decide who you want to go with before making any applications. An appointment with an Aussie Broker comes at no cost to you, so chat with us today.