Do you have a bad credit history? Our bad credit loan is designed for you.
Bad credit history can make getting a loan from a bank or other financial institution difficult. But a bad credit loan from PPL could help improve your credit profile, subject to our normal assessment criteria.
Bad credit means you have defaulted on loans in the past. A default usually refers to an outstanding bill left unpaid for more than 60 days.
A bad credit history can include one or more of these:
- Paid default
- Unpaid default
- Part XI Debt Agreement
- Current bankruptcy or ex-bankruptcy
- Too many enquiries by lenders on your credit profile can make a bad credit history worse. The major banks place strict limits on the number and frequency of recent credit enquiries.
You deserve a second chance. Everyone does. A small default should not ruin your entire credit record.