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What are bad credit loans?

A bad credit loan is a form of finance that can be offered when somebody has a low credit score, suffers from defaults, judgements and/or credit enquiries or has minimal supporting documentation available. It provides a 2nd chance at finance if other institutions have said no.

How does bad credit affect your loan application?

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.

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Why choose Bad Credit Loans ?

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Fast loan approval for bad credit applicants

Receive funds within as little as 24 hours of approval. Our goal is to provide you with fast and flexible financial support.

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Bad credit loan specialists

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.

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Tailored customer service despite bad credit

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.

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Start hearing "yes" from non-bank lenders

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.

Bad Credit Loans for most situations

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Personal loans

Do you need the extra funds to cover unexpected costs or much-needed trips away? If you have bad credit and have been rejected from a bank, we have you covered.

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Business loans

Are you struggling with cashflow or looking to expand your business? Bad credit business loans are a fantastic solution if you've been rejected elsewhere.

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Low doc loans

Don’t have all the documentation needed to secure a loan? Don’t worry. We offer Bad credit low doc loans. Minimal documentation is necessary.

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Small loans

We provide small loan options to help you sort out those unexpected issues. Cover emergency bills, outstanding debt or whatever you need with a bad credit loan.

How to secure a loan with bad credit

Apply with bad credit loans online

1. Apply online

It takes just a few minutes!

Apply now!
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2. Determine your solution

A loan specialist will discuss your financial situation and determine the best possible solution.

Apply now!
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3. Funds transfer

After you have reviewed and accepted your Bad Credit Loan, the funds will be transferred to your nominated business account.

Apply now!

Check out the bad credit loans blog