Credit rating

Reply

Old Aug 7th 2017, 4:00 pm
  #1  
Just Joined
Thread Starter
 
Joined: Jul 2017
Posts: 6
oscarricher is an unknown quantity at this point
Default Credit rating

Hi guys

apologies if covered before but i can never work the search engine on these forums.

I am moving to Oz in Octo, and want to buy a new car under a loan repayment scheme. How do i get a credit rating in australia? do they use my UK one? will i have problems getting a loan? I have sold my house so have liquid assets but obviously i dont want to put a large chuck on that into a car!
I also will have a job (as long as HR sort the checks out in time!).

anyone been here or advice with credit ratings?

ta
oscarricher is offline  
Reply With Quote
Old Aug 8th 2017, 4:57 am
  #2  
Alone again, naturally
 
Pollyana's Avatar
 
Joined: Dec 2002
Location: Keep true friends and puppets close, trust no-one else...
Posts: 91,726
Pollyana has a reputation beyond reputePollyana has a reputation beyond reputePollyana has a reputation beyond reputePollyana has a reputation beyond reputePollyana has a reputation beyond reputePollyana has a reputation beyond reputePollyana has a reputation beyond reputePollyana has a reputation beyond reputePollyana has a reputation beyond reputePollyana has a reputation beyond reputePollyana has a reputation beyond repute
Default Re: Credit rating

Originally Posted by oscarricher View Post
Hi guys

apologies if covered before but i can never work the search engine on these forums.

I am moving to Oz in Octo, and want to buy a new car under a loan repayment scheme. How do i get a credit rating in australia? do they use my UK one? will i have problems getting a loan? I have sold my house so have liquid assets but obviously i dont want to put a large chuck on that into a car!
I also will have a job (as long as HR sort the checks out in time!).

anyone been here or advice with credit ratings?

ta
Your UK rating is irrelevant,you'll be starting again from scratch
Pollyana is offline  
Reply With Quote
Old Aug 8th 2017, 7:18 am
  #3  
BE Forum Addict
 
Joined: Apr 2008
Location: Point Cook
Posts: 1,694
sr71 has a reputation beyond reputesr71 has a reputation beyond reputesr71 has a reputation beyond reputesr71 has a reputation beyond reputesr71 has a reputation beyond reputesr71 has a reputation beyond reputesr71 has a reputation beyond reputesr71 has a reputation beyond reputesr71 has a reputation beyond reputesr71 has a reputation beyond reputesr71 has a reputation beyond repute
Default Re: Credit rating

You'll start with a blank credit rating, which is generally a good thing (though not sure with the recent changes shows repayment history)

In any case car finance is very easy to get as long as you have a job, go and talk to someone like Alphera (BMW finance). They are a secured loan generally so less risk for lenders. Or go to a broker like Stratton Finance.

And there are plenty of companies giving loans out to subprime borrowers, people with unpaid defaults, ex-bankrupts etc. You just end up with higher interest or higher car prices.
sr71 is offline  
Reply With Quote

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Contact Us Archive Advertising Cookie Policy Privacy Statement