Borrowers with bad credit may be approved for loans regardless of their credit score and even if they do not yet have a credit history. There are many different loans available for those with terrible credit, but personal loans for people with bad credit are the most common.
What you can borrow, when you can obtain the money, how much interest you’ll pay, and when the loan must be returned are some of the key considerations when looking into bad credit loans.
How do bad credit scores work?
Bad credit scores are used to circumvent credit scores, instead looking at things such as a borrower’s income to determine whether they are suited to a loan. As bad credit loans do not use a line of credit to determine whether a person may be approved for a loan, they in turn do not affect credit scores.
Why Choose Quickle?
All Applications Considered!
We believe in a fair go. Everyone’s fallen on hard times before, and our passion is giving those everyone facing financial issues the same chance. Which is why we work with a network of payday lenders who consider all applications.
Cash When You Need It
Sometimes you can’t afford to be waiting days (or even weeks) for a loan. You can get cash the same day. Our 24/7 online platform means you can apply from anywhere, at any time, even on weekends and get a response and approval within hours.
An Easy Application Process
Our simple application process makes it easy to secure the finances you need, without having to spend days filling out paperwork. We will only ask for information we really need such as who you are, how to contact you and a bank statement.
How quickly will I receive the money?
Our online application can be completed in only a couple of minutes. You will be notified within hours of receiving your application whether we are successful in finding a suitable lender or service provider for you.
All applications received and approved before 2.40pm (AEST) usually receive funds the same day, varying on the service you choose. Applications made over the phone may take a little longer, but the ease of process remains the same.
What do I need to apply for a bad credit loan?
We need you to complete our online application form and require your bank statement. This is to collect information needed for the application process and refer you to a suitable service provider.
This information includes your age and regular income (and how much you should be earning per week) to assess if you can afford the repayments.
How much can I borrow?
We work with lenders and service providers who allow customers to borrow up to $2,000. However, you should borrow only what you need and nothing more in order to avoid further financial strain down the road. The lenders we work with consider all applications and offer a finance solution that suits your needs, in spite of your credit history or personal circumstances. If you cannot make a payment, you should get in contact with the lender or service provider who assisted, you and make a payment arrangement. You can also change or postpone a payment by getting in contact with the lender or service provider we refer you to.
How long do I have to repay my loan?
The loans for people with bad credit that the lenders we work with offer are designed to be short-term solutions. Generally, the maximum term of advances provided by the lenders and service providers we work with is 62 days. The first repayment must be within 20 days of the advance arriving in your account.
To avoid additional costs, including any penalty fees, it is important that all scheduled payments be made on time as most bad credit loans have significant dishonor fees associated with them. However, we understand that missing a payment can happen sometimes. If you are unable to meet a loan repayment, you should contact as soon as possible to rearrange a new repayment schedule to avoid future fees.
There are various ways you can get in touch with us. Please see the following numbers and addresses:
Phone: (07) 5644 3555
SMS: 0428 594 936
We run a 24/7 online operation even on weekends and public holidays, so expect to get a response.