Median house prices in every city except Canberra have dropped since last year. Some borrowers may now have mortgages which outweigh their property’s value. Borrowers still have options available.
Refinancers could be in for a nasty shock
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Can I get a $1,500 payday loan with bad credit?
Yes, it may be possible to get a $1,500 payday loan with bad credit. Some payday lenders give loans to people with bad credit histories if they believe the borrower has the capacity to repay the loan.
Under Australia’s responsible lending rules, lenders aren’t allowed to approve $1,500 payday loans if they don’t believe the borrower can make the repayments.