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$300 $4600
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Loans from $2100 to $4600 require a car, motorbike, boat or caravan to be provided as security. If you cannot provide security, please apply for $2000 or less.

The maximum you will be charged is a 20% Establishment Fee and a 4% Monthly Fee. Under the current legislation lenders do not charge an annual monthly interest rate for our Small Amount Credit Contracts. You may know this as Annual Percentage Rate or APR(%). Click here to see a worked example.

The Annual Percentage Rate for Secured Medium Loans is 48%. Comparison Rate is 66.0347% p.a. This comparison rate is based on a Medium Amount Credit Contract for an amount of $2,500 over 2 years and a $400 establishment fee. Fees and charges are payable. Click here to see a worked example.

How do I know if I have bad credit?

How do I know if I have bad credit? Let us help you discover what could possibly be holding your loan approvals back.

What is a credit report?

Your credit report is simply a record of credit you have applied for, any defaults against you, any serious infringements that are held on public record.

Every time you apply for credit, an enquiry is recorded on your credit report.

When you apply for a loan the lender is likely to look at your credit report to help make their decision on whether you are a good lending risk.

Defaults or infringements may help the lender decide whether they will approve your application or not.

What If I have a negative credit report?

A negative credit report can affect your ability to purchase a house, have credit cards approved; actually it can affect most forms of credit applications.

Have you been wondering why you are getting knocked back from loans or credit applications?

It could be as simple as an unpaid bill or even worse a bill that you don’t owe!

Jacaranda Finance

There are many company’s now that offer to help with your credit rating free of charge and can give you advise on how to change or improve your rate so you can get that loan approved.

You can get your free credit score report at:


Credit savvy – (Experian rating)

Credit simple – (Dun and Bradstreet score)

Finder – (Equifax score)

Get credit score – (Equifax score)

Different credit companies also look at different ratings or scores for example the companies above use different rating’s systems eg Experian rating, Equifax score. So there may be a possibility that your credit score could look different depending on which company your lender is using for their credit check.

Therefore if you have checked your credit score and are still having loan approval problems you may need to check other score’s or ratings to see if a debt has been lodged with a different company than the one you have investigated.

You should check:

Equifax score

Experian rating

Dun and Bradstreet score

Knowing how lenders see you before you apply for a loan is one of the smartest things you could do before you borrow. It can improve your chances of a positive outcome and give you room to negotiate a better deal on interest rates or loan repayments.

Keeping an eye on your credit report can also help you ensure you are not a victim of identity theft.

Quite often even if perpetrators don’t have your credit card details they may have used your name to take out loans or default on payments.

Keeping an eye on your credit report can help you identify if debts against your name are not yours and have your identity/credit rating fixed.

How do I fix my credit rating if it is incorrect?

You can use a credit repair company or if you feel confident you can approach the company yourself to remove the entry if it is false.

It is not uncommon to find incorrect entries on credit files, some of these mistakes can be in the form of:

If you don’t feel confident to approach the company that has listed the debt against you then these credit-clearing companies will do it for you.

However be aware that there may be costs involved so choose wisely and pick a company that offers a free service and check the fine print.

How do I improve my credit rating?

There are a few things you can do to improve your credit rating:

Hopefully this has given you some confidence and knowledge on how to protect, repair and improve your credit rating and you can confidently apply for a loan the next time you need to!

how do I know if I have bad credit