Frequently asked questions about YFD's services


Q. Does YFD do Bad Credit Car Loans?

Yes. We are specialists in securing finance for clients who have had prior bad credit. As long as you are able to demonstrate a change in your situation, we should be able to help.

Q. What will my repayments be?

You can use our loan repayment calculator to get a better idea of what your payments might look like. Please note this is only an estimate of what your repayments may be.

Q. Are the repayments I make tax deductible?

There may deductions available to you. Please speak to your accountant or financial advisor to learn your options.

Q. Can I obtain a credit increase on an existing loan?

When you ask for a credit increase we will make an assessment to determine whether or not the credit increase you are seeking is suitable for your current financial situation.

General Information

Q. What information is required to complete a loan application?

You will be required to provide basic personal details, residency information, employment details & references. We will advise you upon application if any further information is required. See our "loan process" section for more information about our online application process.

Q. What documentation do we need to provide, and why do you need it?

Generally we will need 3 months worth of bank statements, proof of identity, a completed application and a signed privacy statement.

Q. I am self employed; will you still be able to help me?

Yes, we can help self employed individuals. You will need to provide us with 6 months worth of bank statements to confirm you will be able to meet the payment requirments.

Q. What if I'm self-employed and have no pay slips?

You can still qualify for a car loan, as long as you meet our lending criteria. We just need other financial documentation to verify your income before a decision can be made.

Q. How much can I borrow?

You can borrow a minimum of $5,000 up to a maximum of $40,000, dependent upon whether or not you meet our lending criteria.

Q. What do I do if my situation changes?

If at any time your financial situation changes, remember that we are here to help. If you contact us we will be able to guide and advise you of your options.

Q. How quickly will my application be processed?

Depending on how soon you are able to supply the required documentation, it can be as soon as 24 hours.

Q.Is YFD based in Australia?

Yes we are 100% Australian owned and managed.

Q. Do you provide Car Finance outside of Australia?

At this stage, no, but it is something we are definitely looking into at a later stage. If you would be interested we can send you email alert when we start.

Q. Do you provide Financial Assistance for anything other than Cars?

Whilst we specialise in vehicle finance, we will often provide other types of finance. Give us a call on 1800 274 669 to chat with one of our friendly consultants, who can give you a clearer answer.

Do you qualify?

  • Are you at least 18?

    By law you must be over 18 to apply for a loan.
    Start an application now >

  • Are you a permanant Australian resident?

    To qualify you will need to hold an Australian Citizenship .

  • Do you have a steady income?

    To be a successful applicant, you will need to have a steady regular source of income.

  • Acceptable Proof of Identity?

    To receive final approval, you will need to verify your identity along with verification of any other documentation you provide us.

Bad Credit Finance

Poor Credit History? Perhaps we can help

If you have a poor credit history and are looking to rebuild your credit score, we can give you a hand. YFD is a bad credit car loans specialist, and we understand that a persons circumstances change. Just because you've had a problem in the past doesn't mean you should be prevented from borrowing today