Prosperity Tips
Pay All Bills On Time
Pay All Bills On Time
One late phone or electricity payment in the last 6–12 months can trigger a decline from many lenders.
Set Up Direct Debits
Pay All Bills On Time
Instead of having to make manual payments each month or quarter, set up direct debits to save you time.
Keep Your Job Steady
Keep Your Job Steady
If possible, stay in the same role or industry as lenders scrutinise applicants who may have recently changed roles.
Clear Small Debts
Keep Your Job Steady
Pay off personal loans, car loans, or HECS as early as possible to save on interest while simplifying your financial scenario.
Avoid Risky Transactions
Use One Main Transaction Account
Spending large amounts on gambling, cash withdrawals or payday-loans can 'scare' banks and reduces likliehood of obtaining finance.
Use One Main Transaction Account
Use One Main Transaction Account
Consolidate all income and expenses into a single 'everyday transaction' account for 3–6 months.
Maintain Address History
Do a Free Credit Check With Forward Prosperity
Cancel Unused Subscriptions and Direct Debits
Make sure your driver’s licence, bills and bank statements all show the same address for the last 2 years as mismatches may cause delays or declines.
Cancel Unused Subscriptions and Direct Debits
Do a Free Credit Check With Forward Prosperity
Cancel Unused Subscriptions and Direct Debits
Unused Netflix, Spotify, gym memberships, and especially “free trial” debits make your expenses look higher than they really are.
Do a Free Credit Check With Forward Prosperity
Do a Free Credit Check With Forward Prosperity
Do a Free Credit Check With Forward Prosperity
Consolidate all income and expenses into a single everyday account for 3–6 months.