Frequently Asked Questions
At Smart Link Finance we believe that knowledge is power.
Here are some commonly asked questions that we deal with every day:
FAQ: I have previously defaulted and I am embarassed about having a bad credit rating. What are my options.
This is a common scenario - you are not alone. We understand that sometimes the world throws challenges our way. Over the years we have developed a great panel of lenders that will work with us closely to achieve a great result for you. We have built our business helping people in similar situations. (Return to Top)
FAQ: What is a debt agreement.
A Debt Agreement puts all of your individual debts into one “pool” these debts need to be unsecured. You make one easy, affordable weekly or fortnightly repayment that covers the Debt Agreement. Legally creditors must stop contacting you and any legal action is stopped, including bankruptcy. Interest charges are frozen. (Return to Top)
FAQ: Can I get credit defaults removed from my credit file.
Yes it is possible to have a listing removed as a large amount of listings have been placed incorrectly. We work closely with a number of professionals to rectify this. We can't guarantee that this will happen but we have had a large amount of success over the years. (Return to Top)
FAQ: Can I obtain a home loan if I have only been employed for a short period.
You most definitely can. We have a number of lenders that will do loans with short term employment. You will have to have pay slips and be able to show the income being deposited into a bank account. (Return to Top)
FAQ: Do you lend in rural areas.
Yes we do, we have lenders that will lend Australia wide. (Return to Top)
FAQ: Are your interest rates competitive.
Yes, they are. We are brokers so we have access to a huge panel of lenders. We can offer the very best rates in the industry. The non conforming lending rates are higher as there is more risk, these loans are on a case by case basis.
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FAQ: Can you negotiate my debts so I am able to pay my creditors less.
Yes we have a number of professionals that we work with closely. We have been successful in saving many of our clients substantial amounts off their existing debt level. On average we save 20% to 30% off the value of clients debt. (Return to Top)
FAQ: What is bankruptcy.
Bankruptcy provides a way for debts to be extinguished, allowing you to get on with your life. It’s a way to legally declare that you can’t repay debt (hence; declaring bankruptcy), It lasts for three years, you are still able to earn a reasonable income before you have to make contributions towards the bankruptcy. (Return to Top)
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