If your credit score is on the lower side, or you have had more serious credit problems then some lenders can be more lenient IF they identify positive financial habits in your bank statements.

On day one we will cover all the fundamentals for what transactions matter. Including:

• Income payments
• Expenditure
• Bank balance fluctuations
• Evidence you can afford the loan

>>> Click here to learn Why Bank Statements Matter

A payment reversal occurs when a direct debit payment is processed from your bank account and there are insufficient funds in the account to cover the payment. 

The account balance will go negative before the transaction reverses – often incurring a hefty fee from your bank.

While this is not a good sign that you are managing your money effectively, not all reversals are the same. 

>>> Click here to learn all about the impact of payment reversals

There are several salary advance service providers in the Australian market, including Beforepay, MyPayNow, WagePay, and Commbank Advance Pay. 

They offer quick and easy access to your earned income.

What they don’t tell you is there are poison for your loan application and you need to know how to manage this! 

>>> Click here to learn how wage advances can prevent you getting a loan 

Just like wage advance services, regular use of payday loans can be a huge barrier to getting a loan. 

They are high cost credit products that are a huge red flag to lenders. 

If you have never heard the term SACC, then this is a must read! 

>>> Click here to learn how SACC loans affect your car loan application

Lenders must be careful to never lend money to a potentially vulnerable consumer.

Sometimes you may unknowingly be showing patterns in your bank statements that could indicate a gambling habit. Even if there is none! 

A casual punt on the weekend is fine as long as you can afford it, and can gamble responsibly. But it can be a fine line in the lender’s eyes. 

>>> Click here to learn how gambling transactions are interpreted by a lender

The fluctuations in your bank account balance can tell a lender a lot about your financial habits and discipline.

Are you hanging out for payday every week just to get by? How much is left after you pay all your bills? 

Today we are going to look at a largely unknown financial indicator – how fast your spend your money!

>>> Click here to learn all about bank account depletion

You have made it to the last day and now understand how to present your bank statements in the best possible way!

But there is so much more to this. 

Your credit score, the type of car you want, your employment category, etc. 

How do you know what lender will accomodate your unique circumstances? 

The good news is you don’t have to… A broker can do it all for you! 

>>> Click here to learn how a car loan broker can help you find the best deal