Website Disclaimers

*NO DEPOSIT FINANCE

In almost all cases a deposit towards your purchase is not necessary, and we are able to provide all the funds towards your purchase; however this is also based on your overall profile and always remains subject to the lenders approval and discretion.

*To Many Credit enquiries on your credit report
*Unpaid and paid defaults ok
*Discharged bankrupts / Discharged part 9 ok
*Paid and unpaid Telco & utility bills!
*Paid & unpaid credit card & personal loan defaults
*Paid and unpaid court judgements!
*Paid repossessions or car loan defaults
*Bank said no? Then call us
*We help good people with past problems

Everyone’s circumstances are different when it comes to previous or current bad credit, with the above listed items, as to whether we are able to assist you obtain credit really depends on many variables, such as what has been done about the previous bad credit since it happened, how many defaults or judgements are listed, how long you have been discharged from bankruptcy, how many times you have been previously bankrupt & the same with a Part 9 Agreement, when they were listed on your credit report, in most cases we are able to assist almost everyone, however we are limited to whom we can assist based on our lenders guidelines, which is also based on your personal circumstances and previous problems, the purpose of our free credit assessment is to look at your credit report and listen to your individual circumstances and we also ask a large series of questions which helps us determine if we can assist you once this process is completed,  we also look at your current financial situation and the last 3 to 6 months, to make sure from a lending point of view you are financially stable enough to take on a new commitment and obtaining credit at this time is not unsuitable, we also look at your employment classification, employment stability, residential stability and the amount and purpose for the loan, we then measure all of that against the our panel of lenders to see if we have one to suit your profile, credit objectives & requirements, and the results are provided to you from there.

In a case where we cannot assist you, we will take the time to explain why we cannot assist, and in most cases will also give some general advice on what you can do to rectify your situation, so you may re-apply in the future with hopefully a successful outcome, of course this is general advice and does not guarantee a positive outcome when you re-apply.

Auto Link Finance does not provide any guarantee of a credit approval to all applicants that apply, however we will do our very best to assist you the customer in obtaining credit, whilst keeping with all lending guidelines under the consumer credit code and ASIC rules and regulations as a credit assistance provider.

Auto Link Finance is restricted to the outcome of any applicant seeking credit assistance from us by the panel of lenders we currently use, and does not provide any promises or guarantees for credit, our website provides an overall general guide of the type’s customers we may be able to assist.

In most occasions unpaid defaults can be accepted depending on the type of default listed on your credit report and when it was listed, almost all utility & telco defaults listed on your credit report more than 3 months prior to applying for a loan can be acceptable, paid or unpaid, however financial defaults become a lot more difficult when applying for a loan, these type of defaults will depend on when they were listed on your credit report and what has been done about them, they will need to be more than 6 months old and in almost all cases would need to be either paid, or if not paid they would have to of been in a payment arrangement for a period of 6 months or longer in some circumstances, the most difficult type of unpaid financial defaults are car loan defaults, personal loan defaults and large credit card defaults, these would definitely need to of been under a payment arrangement without any missed payments for a period longer than 6 months.

Auto Link Finance does not provide any guarantee of a credit approval to all applicants that apply, however we will do our very best to assist you the customer in obtaining credit, whilst keeping with all lending guidelines under the consumer credit code and ASIC rules and regulations as a credit assistance provider.

Auto Link Finance is restricted to the outcome of any applicant seeking credit assistance from us by the panel of lenders we currently use and does not provide any promises or guarantees for credit, our website provides an overall general guide of the type’s customers we may be able to assist.

As you can see there are many variables when it comes to getting a loan whilst having paid or unpaid defaults, if you are unsure as to what applies to you or you would like to know more about your unpaid/paid defaults then please contact our office on 03 9368 3298 or apply for our free loan assessment

*Private sales ok

In most case we are able to assist with credit when purchasing the goods to be financed via private sale, this is subject to you credit profile and the lenders that is required to be used to obtain credit on your behalf and there guide lines, and is subject to approval and can change at the lenders discretion.

*Nationwide Service

Our service is provided Australia wide including Tasmania, however there are certain postcodes classed as remote areas that we cannot provide credit assistance to, this may vary from lender to lender and it is best that you check with us first, Auto Link Finance provides no guarantee that the area you live in is an area we can pride credit assistance to. 

*Tailored loans to suit your budget

In most cases we have the ability to tailor a loan to suit a budget, however in some cases based on your credit profile it may not be the case if we are restricted to use a lender that does not provide that services, this also depends on your credit profile.

*Never had Finance before

In most cases it is possible to provide credit assistance to customers who have never had finance before, in some instances you may be required to provide a deposit or a guarantor or both, the outcome is based on your overall profile as well as income, employment status, term of employment and residence stability, the final decision is provided by the nominated lender and is subject to approval and can change at the lenders discretion.

*Thinking of upgrading your car but don’t think you can? We can help

In most cases we can assist with you upgrading your current car, this can depend on whether your current car is on finance, how the conduct of your current loan has been, the value you receive for your car as a trade-in against the amount still owing on your current loan, each application is assessed on its own merits and is based on your overall profile, credit status and subject to the lenders approval and can change at the lenders discretion.

*We will help re-establish your credit

Re-establishing your credit depends on many variables, our assistance in helping you re-establishing your credit is limited to general advice and provides no guarantee that your credit maybe re-established, in most cases by obtaining a loan through a reputable lender, maintaining your repayments on time for a consistent period greater than 12 to 18 months and any credit blemishes you may have has been rectified in the interim or dropped off your credit report, other items considered are income, residential, employment stability and financial position at the time you re-apply and subject to the lenders approval and may change at the lenders discretion.

*Every failed application will cut your chances for finance

In most cases multiple credit enquiries of any kind let alone declines can have a major impact when applying for credit, generally with the majority of lenders more than 6 enquiries in the last 6 to 12 months could have an impact on their decision when assessing an application for credit, each lender has their own guidelines and is in most cases depended on the individual lender as well as the strength of your application at the time of applying, such things are taken into consideration is any large deposits towards the purchase of the goods, which creates equity and reduces the risk of lending you credit at the time, however other things that are also considered is income, residential, employment stability and financial position at the time you re-apply and subject to the lenders approval and may change at the lenders discretion.

A pre-approval means that your request for a loan has been fully assessed by a finance consultant, and you meet all the requirements of one of our lenders based on your loan request, and you qualify for credit based on the information you provide us.
This generally takes anywhere from 15 to 30 minutes to conduct a proper assessment, which also includes a credit check, income & liability check as well as several other questions we will ask to ensure that entering into credit contract is suitable to you, and obtaining credit is not going to place you in financial hardship or a major strain on you current financial position, once this is done a pre-approval is issued and is always conditioned upon evidence of documents that may be required from you, example of some documents that would be required are listed below.

• 2 recent pay slips, no more than 30 days old as evidence of income
• (if applicable) A transaction listing from all bank accounts listed in your name for the last 90 days if an employee, is self-employed we would need the last 180 days
• (if applicable) proof of any payment arrangements you may have on any past defaults for the last 6 months
• Our credit guide & credit quote singed and returned to us
• Our privacy consent form signed and returned to us
• (if applicable) a current Centrelink statement showing current and future entitlements no more than 30 days old, this may be required as proof of additional income
• (if applicable) a loan statement for the last 6 months, this will be required to show some history on how you are repaying a current loan
• (if applicable) a current credit card statement, this will be required show that your payment history is satisfactory.

Always be aware that a pre-approval does not mean that your loan has been approved or that the lender has accepted to provide you with credit, a pre-approval can be reversed at any time if we don’t receive your supporting documents within a timely manner, and when we do receive your supporting documents, if they do not meet the requirements or guidelines that are required to obtain credit. A pre-approval is at no time an offer to enter into a credit contract or agreement.

A formal approval means that once we have received all documents requested in your pre-approval, and they have been checked off, they meet all requirements by us and the allocated lender, your loan application has been completed in full, only at that time providing that we believe that your application has at least a 90% chance of a success with the lender, we will then release your application and all supporting documents to that lender,
once the lender receives all relevant documents including your application, they will conduct their checks which should match with ours, and if all checks are done and acceptable based on their lending criteria, they will issue a formal approval which means funds are allocated and you will be able to proceed with your purchase.
Sometimes lenders may issue a formal approval with further conditions, this may vary from lender to lender and will depend on the type of loan you are applying for, some examples are, if its car loan, there may be a age restriction, there may also be a loan term restriction as well, in almost all cases the conditions that maybe imposed by the lender are standard and easy to comply with.

A formal approval can take anywhere from a few hours to a few days, there are many variables here that make a difference to the time frame, some obvious variables are:

• Employment checks, this can at times take a while as it is depending on your employments payroll system and how quick they respond to our call, in all cases if there is a hold up in this area, we will contact you so that you may help speed up the process by speaking to your payroll officer or employer.
• Rental and boarding checks can also hold up the procedure much the same as above
• Other lender reference checks can also hold things up, if the other lender doesn’t respond straight away, sometimes to speed this process up, it is best to provide a loan statement.
• Lenders being under staffed, this is sometimes a problem as lenders are no different to other business in the work place, once you have some staff off work due to illness or other reasons, this can also slow the process down.
• If a lender has asked for further supporting documents for some particular reason to help make their decision, and we either can’t get hold of you to obtain it or you are slow in getting what they have requested back to us, this can also hold up the process however it is rare but can happen.
• There are a few other reasons which are extremely rare like computer system failure, internet down time, a system crash.

Other than that generally formal approvals are quite quick when everything goes according to plan, which believe or not happens quite often.

All repayment examples on our website are based on an comparison interest rate of 13.50%, repayments are exclusive of lenders fees & our fees, repayments are based on a 5 year loan term, lenders fees & our fees are applicable and vary from lender to lender based on your overall profile, loan amount, age of goods, credit history and size of loan.
Repayments are subject to lenders approval and standard lending criteria which varies from lender to lender, the actual interest rate will be determined by the lender that is best suited to meet your objectives and requirements for the loan you apply for, this is all disclosed to all customers upfront and at the end of our preliminary assessment (free credit assessment) which is completed when you lodge an application of any kind or enquiry for a loan with us.
Repayments are examples only, and Auto Link Finance accepts no liability should the actual interest rate that applies to each person or individual once your assessment has been completed/the lender has approved your loan based on your overall profile as listed above differ from the examples on our website which is not limited to interest rate, loan term, fees & charges.
However all our assessments provide full and transparent information based on your overall profile & credit history, once our assessment is completed and a lender is selected that best suits your needs and meets your objectives and requirements for the loan you have applied for, we provide all the necessary information you need to make an informed decision to proceed with our assistance to obtain a loan on your behalf, such as interest rate, loan term, lenders fees, our fees, type of loan contract and contract benefits and terms.