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I’ve spoken to so many customers who’ve had black marks on their credit files and issues with their credit history that they weren’t even aware of. 

What a lot of people don’t know is that overdue or missed payments on a credit card, home loan or other types of loans can show up as black marks on your credit file. They’re also unaware that such marks could ultimately lead a lender to decline a loan application. 

While certain lenders may turn you down outright for having a tarnished credit history, others may offer you a non-conforming home loan as an alternative. Such loans are ideal if you don’t conform to traditional lending criteria, which can occur if you're self-employed or a new Australian resident, or if you have black marks on your credit file. However, such loans do often incur higher interest rates and charges, as you might fall within a risk category inside a particular institution.

Don't let your credit score hold you back from your dream property. [Compare home loan rates in seconds](https://www.lendi.com.au/home-loans/search/). 

![financial-advisor-meeting](//images.contentful.com/o2gysnvd04sg/2tUUaOMYsoyCegQIa4QYCc/cd7dde0c39a1b2df5593ee54764953a9/financial-advisor-meeting.jpg)

At [Click Loans](https://www.lendi.com.au/home-loans/lenders/click-loans/), we have options available to customers that are specifically designed to help them meet the lending criteria of major banks and lenders so that they become eligible for regular home loans. These short to medium-term solutions allow customers to consolidate their level of debt, ultimately reducing the total amount of interest payments they’re making each month. 

Let me provide you with an example: I recently spoke with Sandra, a mother of 2 from Caringbah in Sydney’s Sutherland Shire. Sandra and her husband were making principal and interest payments on a home loan at 4.5% per annum. At the same time, they were also making repayments on credit cards and personal loans at significantly higher rates, between 13-22%. 

The best solution for this couple was to consolidate these additional debts on top of their home loan, therefore reducing the total amount of interest payable. This provided Sandra and her husband with substantial savings and additional cash-flow, and at the same time reduced the risk that black marks would appear on their credit files from default payments. 

Ever considered consolidating your credit card, car loan and home loan into one simple payment? [Find a rate in seconds](https://www.lendi.com.au/home-loans/search/).

Debt consolidation can work for many people in similar situations. At Click Loans, our goal is to improve the financial position of our customers, and allow them to live within their financial means without having to rely on numerous credit accounts. 

__About the author: __Sarah Walwyn is a Click Loans Home Loan Specialist. She previously specialised in helping customers in financial hardship. Sarah brings this experience to the Click Team and assists with non-conforming loan solutions.

Looking for more expert advice? [Check out these 5 expert steps towards buying a house](https://www.lendi.com.au/inspire/finance/ask-an-expert-5-steps-towards-buying-a-house/).