What is ServiceFinance?
Service Finance is an Australian provider of personal and commercial loans. It was established in 1997 by John Templeton as a private limited company. Its aim was to provide finance in order to increase the efficiency and effectiveness of the finance process. They offer a number of financial options and programs and have branches in all major areas of Australia including Adelaide, Brisbane, Perth and Western Australia.
The company offers various loans, which are collateral based and include some that are unsecured, such as car loans, travel loans and home loans. Service Finance has tailored its loan products to suit the needs of both businesses and individuals. Its website is very easy to use, with detailed loan calculators, online applications and advice available.
One of the key advantages of using this type of finance is that they cater for applicants regardless of their credit history. This is evident from the hundreds upon thousands of loan requests they receive each month. In addition, this loan provider allows people with bad credit to get back on their feet. As there are no credit checks, it is possible for people with damaged credit to find lenders who will offer them competitive interest rates and terms.
Service Finance has been able to attract a significant number of clients through their affiliation with major banks including ANZ, Capstar, US Bank, Wells Fargo and many others. The money lending industry has become increasingly competitive over recent years, with many lenders offering loans to people with bad credit. This means that you will have access to a much wider range of financial options and will be better placed to make the best choice and choose the one that is the most suitable for your circumstances. They have also extended their services to online application. Online applications are usually quick and easy and there is no need to fax or courier anything further than the relevant documents.
Another way that Service Finance can help those with bad credit is through their car loan facility. There are several different types of vehicle finance available and one of the easiest ways to get quotes and information is through their website. It is also possible to apply for finance by visiting their offices and speaking to a consultant who will discuss your personal situation with you and see what sort of finance is right for you. They will not, however, give you an instant decision on your car loan application as the finance companies may have other criteria for their decision. You will, however, know within days whether the service provider has given you approval and therefore be able to move forward.
digital of the benefits of having bad credit is that you will find it very difficult to obtain finance. However, there are options out there and it is important that you take them. Service Finance provides a number of different options for those with bad credit including personal loans and credit cards. Some loans are fixed term where monthly payments are committed for a specified period of time. digital have a repayment structure where you repay the loan amount every month and you can also vary the term.
With some loans, there may be an option to transfer the loan to someone else. However, you should bear in mind that this option usually involves a fee and therefore not suitable for people with poor credit ratings. There are many factors that should be taken into consideration when choosing a loan, such as the interest rate, the monthly repayment, and how long you wish the loan over. The length of the loan can also affect how much you repay each month and therefore is a matter to consider carefully.
If you cannot afford to make all of the monthly payments, then consider taking out a short-term loan from ServiceFinance. However, if this is not an option for you, then make sure you repay the loan on time every month so that you can keep your good credit rating. This way, if you ever need to borrow more money, you can do so easily. It can also help to build up your credit rating should you ever need to borrow money again. It is important that you take the time to compare the different loans available before deciding on the service provider that best suits you and your circumstances.