FAQ

Positive Solutions Finance

How does a loan from Positive Solutions Finance work?

Positive Solutions Finance is not a lender. Rather, we call on a panel of sub prime lenders to help our clients find the best loan product for their situation. Applying for several loans at once can often have a negative impact on your credit rating. By applying through Positive Solutions Finance, we will speak to a number of lenders on your behalf and only put you in touch with the lenders who are most likely to approve your application.

I have a default on my credit file, can I get a loan?

You may still be eligible for a small personal loan even if you have one or two defaults on your credit file. The best way to find out is to call us on 1800 40 3328 and ask. We will contact a number of our affiliate lenders and let you know what your options are.

My bank has rejected a refinance of my home, am I eligible for a loan?

Yes! Just because your own bank is not willing to look at a refinance of your mortgage does not mean that other lenders won’t. We are accredited with lenders who will overlook mortgage arrears, defaults and bad credit files to help you to consolidate your debt or cash out on your mortgage for another purpose.

Can I apply for a loan if I have been previously bankrupt or in a Debt Agreement?

Absolutely. If you are a discharged bankrupt, you may be eligible for a small personal loan. In fact, making all the repayments of your loan on time and in full will help to rebuild your credit file and regain trust with lenders.

Can I apply for a loan if I am unemployed or receiving Centrelink benefits?

Unfortunately we are unable to offer loans to people who are unemployed or have Centrelink Benefits as their only source of income. People receiving Centrelink Benefits may apply for a joint loan with someone receiving PAYG income.

Can you help people with clean credit to find a loan?

Yes! We are accredited with some of the larger lenders and can help you find a loan that is suitable for you at a comparative interest rate.

What is the interest rate?

As we draw on a panel of Sub Prime Lenders we can’t pre determine what the interest rate will be. Every interest rate will be different for each client and each loan product. We can only inform you of the interest rate once we find an appropriate loan solution for you.

What are my options if I am rejected for a loan through Positive Solutions Finance?

Sometimes a loan is sought as a quick fix solution to a larger debt problem. If you are rejected for a loan through Positive Solutions Finance and are struggling with your financial situation, we are able to refer you to a Debt Relief Company – Debt Rescue. Debt Rescue specialises in a large range of debt relief solutions to suit a number of personal circumstances.