bad credit loan Archives - Bad Credit Loans Australia

Bad Credit Loans Blog

what can i use my bad credit loan for

What Can I Use A Bad Credit Loan For?

In an ideal world, we would all have a high credit rating, with access to loans as needed that we can use for a variety of personal reasons. However, this isn’t always the case. Whether you have found yourself unable to repay a loan, late making repayments, or something similar, there is a number of reasons you may be left with a bad credit score.

READ MORE

Need a loan and been refused everywhere

If you’re in need of a loan and have been refused everywhere, it is more than likely that you have not met the requirements of the lender. Whilst this may be annoying, it is not the end of the world. The key to dealing with loan rejection is understanding why your loan has been rejected

READ MORE

Low Doc Loans – When Should You Get One?

Are you in need of a loan and you don’t want to deal with the endless list of documentation required? A low doc loan can help you get the loan that you’re after. What Are Low Doc Loans? Low doc loans are a loan type that is available for self-employed or small business owners who do not have the necessary documentation required to apply for a loan with traditional lenders. Rather than supplying an endless list of documentation, all you will need is a form of income declaration or reduced income. This may include an accountant’s declaration or a business […]

READ MORE

The Advantages of Bad Credit Loans

  Not everyone has a clear credit history.  Whether we like it or not, our financial situation has its ups and downs. There are times where you do not manage to gather all the money for your monthly payments, and you struggle with high-interest rates. In Australia, one out of five people has bad credit, which means they encounter difficulties, especially when it comes to applying for another loan. A bad credit score has the potential to emotionally and financially impact your life. If you or your company has a bad credit history; consider a bad credit loan. In fact, bad credit […]

READ MORE

Practical Advice on Getting Unsecured Loans

Unsecured loans help finance your urgent needs or want when your budget cannot accommodate such expense at the moment. By getting a personal loan you don’t have to use up your savings or shake off your current cash flow just to bridge a present financial gap. This type of loan also helps you get the right amount of money for unexpected expenses without having to put up securities. Here are tips to boost your chances of getting unsecured loans with the most affordable rates: 1. Organise your personal finances Before you apply make sure that your finances are in order. Borrowers […]

READ MORE

Simple Guide to Low Doc Loans that Banks Won’t Tell You

It is difficult to get your mortgage loans approved when you are self-employed or you’re in the informal job sector. It is because of the unspoken bias against the self-employed as well as new entities and companies experiencing a bad year, or those with seasonal income. Conventional lenders are sceptical about approving their loan applications because they are considered as high-risk borrowers. While employees in established companies can provide employment records, and established business present income tax returns for the past three years—you may not have the financials to prove your income. Corporations who suffered from losses and new entities […]

READ MORE

Three Major Types of Loans for Home Owners

Most people already have at least one type of loan. But it is comforting to know that there are still other types of loans that you may qualify for, at times that you need it most. Personal loan                  You can use personal loans to pay for emergency expenses. It can be a secured loan, one that uses capital as a security for the loan, or an unsecured loan. While the former often comes with lower interests because its poses lesser risk to the lender, an unsecured loan charges high interests and fees. But, if you use the services of a […]

READ MORE

Important Reminders When Applying for Personal Loans

Isn’t it refreshing to know that you can always run to your specialised lender for personal loans when you’re having cash flow problems? But, if you want to get the most affordable personal loan out there here are important tips to keep in mind. Make a financial plan You can pay bills, get out of an urgent money situation or consolidate high-interest debts using a personal loan! If you are fed up working for someone else you can use the proceeds of your loan to pursue your passion and make a huge business out of it. But, you could change […]

READ MORE

You’re A Victim of A Predatory Bad Credit Loans Company: Now What?

There are many reasons why borrowers suffer from bad credit score—missed payments, too much debt, high utilisation rate and so on. But, if the reason why you are having troubles with debt is because you have been a victim of a bad credit loans company, it is high time to put a stop to that ordeal. If you need help with a predatory bad credit loans company, then this article can help. Here are ways to stop a predatory lender from damaging your finances. Check your credit file You could see the complete details of your payments, accrued interests and […]

READ MORE

Loan Calculator Tips to Avoid Debts

Personal loan calculator is an automated tool that allows borrowers like you to determine the financial implications of personal financing arrangements.  It can help you determine monthly repayments, and your financial suitability. In a nutshell, a loan calculator helps you see if a loan fits into your monthly budget. Understand the variables in a loan calculator What are the two major variables in personal loan calculation? First, the results depend on the loan principal. It refers to the amount you want to borrow, excluding its interest and fees. For example, you want to take out a loan to renovate your […]

READ MORE