One of the first things a lender will check when assessing your application is your credit report. This is used by lenders, to support them in determining, whether or not you will be able to repay the loan.
Your credit report contains information including any defaults, late payments, blackmarks, excessive credit enquires and court judgments that you might have. If you have any of these negative listings then it will be unlikely that a traditional lender will accept your loan application.
At the same time, if you have a low credit score then this can also significantly decrease the likelihood of acceptance.
Fortunately, we are not a traditional lender. Our loan application process does not revolve around your credit file. That’s right, we do not perform credit checks, meaning even if we are unable to help, applying with us will have no further negative impact on your credit file.
Receive funds within as little as 24 hours of approval. Our goal is to provide you with fast and flexible financial support.
Bad Credit Loans Australia has helped thousands of Australians find personal and business money solutions. Our team is specially trained in a wide range of financial services.
Our loan specialists will quickly understand your financial situation. Our primary goal is to find the right product to suit your specific needs, regardless of a poor credit history.
We have a more lenient lending criteria than most other lenders. We require minimal documentation and are able to look beyond your credit score. Instead, we focus on your ability to pay the loan responsibly.