How Zack & Nikita got back on the road

The benefits of a second chance car loan - Studies show that most Australians upgrade their vehicle between eight to ten times during their lifetime. It is common for people to finance either the entire purchase price, or a portion of the cost of their car through either a bank or lender. Embarking on a commitment this big is generally an exciting experience, but can prove daunting for those with less-than-perfect credit. The good news is that there is a solution for those with average to no credit. A "no credit-check car loan" is a product that Ume Loans has been offering since our establishment in 2009 on the Sunshine Coast. Generally, most lenders and banks will conduct a credit check instantly upon application, which also results in the reduction of a credit score by a certain amount of points. This means that a persons score reduces as soon as they apply for a loan. Most are unaware that this process takes place, allowing for a significant amount of enquiries landing on a credit file without the individual knowing. Before too long, some innocent non-committal enquiries can change someone's credit score from "ideal" to "sub-par" in one sitting. No "one size fits all" approach Traditionally, the figures on a credit score are the main nominators of how a person's loan eligibility is scored. EG: credit scores within certain brackets…

How long does it take to fix a bad credit history? - A bad credit history is not the end of the world, but it’s not an easy thing to live with, either. If your credit history is poor and your credit score is low, there are some things you can do to turn it around. It takes time, but probably not as long as you think, and you’ll see some improvements fairly quickly. Once those improvements kick in, it’ll be much easier to get new lines of credit, apply for loans, and more. In this blog, we’ll explore some of the ways to improve a bad credit history in Australia, helping you to fix your score and get back on your feet. Understanding Bad Credit History Your credit history is a record of all your active accounts, with information pertaining to repayments, settlements, defaults, and more. It constitutes a sizeable part of your credit score and if it’s “bad”, which is to say that you have many negative marks or very few positive accounts, you may have a bad credit score as well. If that’s the case, it will be harder for you to get new lines of credit. Simply put, lenders will deem you to be a sub-optimal borrower, one that may not repay the loan in full, and this increased risk may cause them to reject your application or…

How Chris from Peer 4 Peer is making an impact in the community - Every once in a while, we cross paths with people who leave an incredible impact on us. As a lending company, Ume Loans takes care of clients from all walks of life- we're a judgement free zone. Although our systems and processes have adapted to allow for efficiency and customer experience improvement, one thing has stayed consistent throughout- our approach to customers. A particular customer who we arranged a small loan for not long after being established reminds us of our consistent service approach. Chris Plumridge, founder of Peer 4 Peer has made a remarkable impact in the Sunshine Coast community through his mental health support mission. In 2012, Chris was admitted to a mental health ward after attempting to take his life. During his time at the facility, it became clear that human contact and staff support was far from what the patients required. "If I had 10 minutes of interaction with paid staff, I'd have been exaggerating" says Chris. Chris reclaims that he found most of the respite came from the other inpatients, as they had nobody else to reach out to. After being discharged from the ward; losing his home, his business, and all financial security, Chris volunteered at any mental health service he could on the Sunshine Coast.  Despite no longer being within the "support facility", Chris…