Hi Guys,
Based on the information below can you check if we have a good chance of getting approved finance for such a big loan with a small default.
I gave got small utility paid default of $250 end of 2014 (Just over 4 years) relocated interstate at the time and never got the last bill! tried to get it removed to no avail!
We found a block of land we liked that was good value for money in a nice estate and put a deposit on it as they were going like crazy and we didn't want to miss out (land price $400K). We are looking at building a house maximum 300K.
My Salary : 72K 1.3 years in full time employment
Wife Salary : 92K 3.9 Years in full time employment
Savings : 60K (Inclusive of land deposit)
Credit limit combines : 3K
No other debts
Both no credit inquiries in the last 12 months
My Credit Score : 600 (With default)
Wife Credit Score : 750
Based on the information below can you check if we have a good chance of getting approved finance for such a big loan with a small default.
I gave got small utility paid default of $250 end of 2014 (Just over 4 years) relocated interstate at the time and never got the last bill! tried to get it removed to no avail!
We found a block of land we liked that was good value for money in a nice estate and put a deposit on it as they were going like crazy and we didn't want to miss out (land price $400K). We are looking at building a house maximum 300K.
My Salary : 72K 1.3 years in full time employment
Wife Salary : 92K 3.9 Years in full time employment
Savings : 60K (Inclusive of land deposit)
Credit limit combines : 3K
No other debts
Both no credit inquiries in the last 12 months
My Credit Score : 600 (With default)
Wife Credit Score : 750