I was reading an article the other day on what happens when you have bad credit. Did you know that something as small as not paying your phone bill can give you a bad credit report? The same goes for not paying overdue fines, or having arrears in rent.  You could be waiting 2 years or more to clear your bad report. 

Everyone should know what their credit history is. If you are ever considering going to the bank for a home loan and you suspect that you might just have a bad credit report best that you get one first to check it out, otherwise you could be very disappointed with the banks response to your request.  You can get a FREE credit report at Veda Advantage: http://www.mycreditfile.com.au Email:assist.au@vedaadvantage.com

However, there are solutions for you, that is if you have a job or are self- employed and you can make mortgage size repayments. I believe that the ‘Rent to Buy’ concept is a real option for anyone who has a bad credit rating but still has plenty of loan service capacity. I am showing young people every day how they can learn just how easy it is with DIY Rent to Buy.

If you want to learn to be a DIY ‘ Rent to Buy ‘ home owner. Visit us to get your FREE E-book on how it works  www.prosperitymanagement.com.au/diyrenttobuy