With the ever-increasing population and traffic, one of the most significant issues any youth faces is accessibility. At times, it gets challenging to travel from one place to another solely via car.

And if you are looking forward to exploring some nature-ridden spots, there is no better alternative than owning a motorbike. The increase in motorbike sales from 2020 to 2021 by 13.4% in Australia comes as no surprise.

If you are worried about poor banking history, several motorbike finance for bad credit options are available. Here are a few reasons why you might find yourself in such a situation:

Minimal Credit History

Credit history is a crucial factor for money lenders to decide whether to give you a loan or not. In general, having a high credit score helps determine your ability to pay the borrowed amount back.

Therefore, if you do not own a credit card or have had no credit loans in the past, you might face trouble in gathering the sum. As such, you will fall into the category of motorbike finance for bad credit.

Paying Minimum Amount Each Month

Sure, you could pay the specified amount and face no penalties! But paying the minimum amount is not helpful to your credit score in the long run. The interest rate keeps racking up when you pay less, thus costing you more eventually.

Additionally, if you have missed payments in the past, it will be duly noted in the credit history.


If your account has been showing delinquency symptoms, the grantor can declare it as a charge-off. Once done, you won’t be able to use the card for further purchases, but the debt will still be owed.

Charge-offs leave a black mark on your credit history and are not reversible. Credit lenders usually sell such accounts to debt collecting agencies.

Historical CCJs

CCJ stands for County Court Judgement and is issued when you fail to pay the owed amount back to the financial institution. It is unlikely that you will receive a CCJ for missing one repayment. However, it may happen if you have skipped paying the bill for several months.

If you do not pay the owed amount back regardless of a CCJ, you might face other insolvency measures. As such, you will require the help of motorcycle finance for bad credit options to purchase the dream vehicle.

Shared Credit Issues

It is also possible that you have a poor credit rating because of someone else’s fault. When you share a joint account, the other person might cause discrepancies that have now affected your banking history as well.

Therefore, it is crucial to ensure that you are solely responsible for your credit accounts.


Purchasing a vehicle is a big decision. Even more so if you do not have sufficient funds available. In such cases, you can go for regular EMIs or loans to cover up for the money insufficiency.

However, lenders might not accept your loan application because of your poor credit history. It shows your inability to pay back the loan. Therefore, you might need to look for motorbike finance for bad credit alternatives.

Poor credit history can directly result from multiple situations like skipping monthly payments or charge-offs. People who don’t use a credit card at all also face serious trouble while borrowing money.


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