Throughout your life there will most likely be times you’ll want to borrow money from a bank. Perhaps you would like a credit card, so you can buy something now and pay it back at a later date. Or a personal loan, for bigger purchases like a car or holiday. Further down the track you might be after a home loan when you’re ready to buy your first property.
In all of these situations you’ll be asking the bank to lend you money. Before this can happen, they’ll need to look carefully at your financial history when you apply to make sure you can keep up with the repayments.
If you apply with us, we’ll look at your past behaviour to find out how you’ve managed your money and look at your current income and expenses. We’ll then use this information to help us decide if you can take on new financial commitments.
The sooner you start building a good financial history, the sooner you’re more likely to be accepted when you apply for more credit. Here are some tips to help you.