Non-Conforming Loans

It is not easy securing finance if you do not have a blemish-free credit history, but Econ-Finance is experienced in negotiating solutions for borrowers with atypical credit and employment histories. We deal with several specialist lenders who offer non-conforming loans for borrowers who do not meet mainstream lender’s strict lending criteria.

Some circumstances that preclude applicants from obtaining standard lending products include:

• An adverse credit history
• A poor loan repayment history of late repayments
• A loan default
• A former bankruptcy status
• Seasonal or casual work history or
• Recent self employment in business ‘start up’ phase
• A tax debt to be paid from a refinance.

Some benefits of non-conforming loans include:

• Loans can be fully featured
• An excellent opportunity to repair a poor credit rating
• Future opportunity to revert or refinance to lower interest rates after certain periods
• Solution based to keep you financially tracking.

If required, with your permission, we can electronically obtain your latest credit file from a reporting agency like Equifax (formerly Veda) to determine the best lending course of action.