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Banking conduct for a car loan bad credit rating.

When you’re struggling against your credit score it becomes harder to be accepted for a car loan bad credit rating, even when you know it’s really necessary.

Banking conduct: what is it and why does it matter?

When you have a car loan bad credit score, applying for a car loan there are a few things that the lender will look at to determine whether or not they want to approve your loan.  When you know what these criteria are, you can work on changing your banking habits to give you the best possible chance of success.


We need to know what money is coming in to understand the situation.


We have a highly streamlined pre-approval and settlement process.


Personalised terms and repayments to suit your budget and lifestyle.


Let us know your vehicle requirements and we will help with the search.


All Centrelink car loan applications are completely obligation free.

Your car finance bad credit can be improved

Often, potential lenders will request a record of your bank transactions from the last 90 days.  This is to assess something called your banking conduct.


Banking conduct is about how you use your money and what that can imply about your financial situation.


Often people have no idea that their banking habits can have such an impact on their ability to get a loan – you could be shooting your application in the foot without even knowing it!  But the good news is, you may be able to improve your banking conduct with fairly minimal effort.


Lenders process a huge number of loan applications, so look through your application for red flags that might indicate you are in a poor financial position and base their decision off this.  They don’t know why you’ve made certain decisions or if these 90-days are representative of your overall financial situation.  So the goal is to avoid doing these things, to give the best possible picture of your finances.


Your car loan bad credit score can have a negative impact on your application such as:

  • Overdrawing on your account
  • Bouncing direct debit payments
  • Gambling transactions
  • Withdrawing all your income as soon as you receive it.


If you are looking for a car loan with bad credit, avoiding any of these banking conduct transgressions within 90 days of your application can make a big difference.


The good news is that you can avoid some of these things with a little organisation:


  • Find you keep defaulting on direct debit payments? See if you can change these payments to manual, so you can pay the bill while you have the money in your account.
  • Prefer to pay your bills and take the rest out in cash as soon as your income hits your bank account? Spread the transactions out over the week do you don’t go from your maximum balance to your minimum right away.
  • Accidentally overdraw your account because you forget to keep track of your balance? Work on checking your bank balance more regularly so you know when you’re running low.




Useful information

You should always check your options before you accept a loan and ensure that you use the free resources available throughout Australia to assist you when borrowing funds of any nature. For information about other options for managing bills and debts, you can ring 1800 007 007 from anywhere in Australia to talk to a free and independent financial counsellor. Alternatively, contact our friendly team to discuss your options.

Our customer testimonials about Zoom Car Loans!

Omg thank you Joshua, you have really helped myself and my family and I really appreciate your help. You have gone above and beyond to get what I need I can’t say thank you enough

Peita C.


Very efficient and professional company. Morgan is very patient and approachable. He assistance is greatly appreciated. I recommend Zoom!

Mark G.


Fast and fuss free service. My broker, Josh was exceptional at helping me understand the process and organising all the details. These guys made my dream a reality in less than a week.
Huge 👍 for Josh and the team

Elaine N.


Great customer service , Morgan was so helpful and gave her 110% in making sure I got a car. Once car was chosen she took care of everything so that all I had to do was make a time for pick up of my car. Will certainly use them again in the future

Patricia B.

Read more testimonials here

Do you have a car loan bad credit history? We can help. 

Of course, it isn’t always this easy.  Sometimes your banking conduct isn’t great because money is just really tight.  But knowledge is power – and knowing what lenders want and don’t want to see on your bank statement can help you make decisions that will improve your banking conduct – and your chances of being approved with a car loan bad credit rating.