I live in Australia. I currently have 2 defaults (both fully paid) on my credit file totalling $2000

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The 2 defaults wont be removed from my name until early-mid August 2009. Currently i am totally debt free, but having issues with gaining credit due to the 2 defaults. I am looking into buying my first home when the defaults get removed, by then i should have a significant savings to be used as bond. My question is, if i apply for a home loan in 2009, will there be a chance i may not get approved because i haven't had a good credit history prior to applying and becuase there is no current credit on my name eg. from telco, bank loans etc. Now, whilst i wait for my home loan, should i consider a car loan (i know i wont get apporved from banks etc) from an organisation that specialisis in bad credit loans (although they are higher in interest) so that i can show the banks by the time i apply for a home loan that i am able to committ to a loan, even though i have had a bad credit experience in the past.

Your suggestions are appreciated. Thanks

I live in Australia. I currently have 2 defaults (both fully paid) on my credit file totalling $2000.?

I have listed a source below of mortgage companies in Australia. They all deal with bad credit mortgage loans. They can probably help you out.

I live in Australia. I currently have 2 defaults (both fully paid) on my credit file totalling $2000.?

catch a kangarooooooo

I live in Australia. I currently have 2 defaults (both fully paid) on my credit file totalling $2000

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