It’s not your savings or your salary that’s killing your mortgage chances. A single payday loan on your credit file could silently destroy your property dreams – and most Australians don’t even realise it.

With cost-of-living pressures rising, Aussies are increasingly turning to payday loans for quick relief.

However, according to Julian Finch, CEO of Finch Financial, even a single payday loan on your credit file can destroy your chances of getting a home loan.

A payday loan is high-cost, small-amount, short-term loan of up to $2000, designed as a quick fix for cash flow issues.

“Home loan lenders don’t want to see a payday loan on your record,” Finch said.

“It’s a huge red flag. It signals financial stress, poor money management and higher risk. That $500 loan you thought was harmles

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