Bad Credit Archives - WhiteStar Group

Finance Case Study #10

by wsgadmin2021-03-09

Bad Credit, Blog, Case Study, First home buyer, Home Loan

Purchase Owner Occupied Home with Father Our client is self-employed living and caring for his parents. They have been renting for years and always wanted to buy their own home but did not think that is possible. Father and son found a property they wanted…

What can I do if I have been declined?

by wsgadmin2018-10-30

Bad Credit, Blog, Home Loan, Mortgage, Tips

One of the revelations of the Royal Commission is how poorly and inefficiently banks are recording living expenses on loan applications. Changes to the categorisation of living expenses and how they are assessed is having an impact on the borrowing capacity of many aspiring homeowners,…

What you need to know about the 2018 Comprehensive Credit Reporting Mandate

by wsgadmin2017-12-19

Bad Credit, Blog, Finance

Very recently, the Federal Government announced that laws will be introduced to mandate Comprehensive Credit Reporting in 2018. Before we get into specific details about what Comprehensive Credit Reporting is, if you need to know anything, it is that lenders will have more data about…

What is a credit check?

by wsgadmin2016-11-07

Bad Credit, Blog, Credit Report

A credit check, also known as ‘credit history check’ or ‘credit reference check’ is a scoring system that lenders use to assess and determine the level of risk a borrower may have. A credit check is necessary when applying for the following: Home loan Personal…

Mortgage application declined? What’s next?

by wsgadmin2016-10-06

Bad Credit, Blog, Home Loan, Mortgage Refinance

Ok, so you just heard from your bank, through a nicely worded letter or an SMS, that your mortgage application was declined. By the time you will finish reading the decision, there will only be one question on your mind: WHY? This is the question…