loans bad credit online

Lenders typically do a credit check whenever you apply for a loan of any sort. This enables lenders to determine whether or not a borrower is qualified for a loan; regrettably, many traditional lenders will not lend money to people with terrible credit. They may even refuse to lend money to someone who has no credit at all.

Nonetheless, bad credit loans are accessible to provide loans without a credit check to those who have fallen on hard times or are still building a credit history. Lenders who offer negative credit loans understand that a person’s financial history should not always be used against them. Previous errors will not be tolerated.

What Does it Mean to Have Bad Credit?

A bad credit history is typically the result of defaults on loans. A default is when an outstanding bill has not been paid within 60 days. Defaults that have since been paid can impact your credit rating.

Too many lender enquiries can damage your credit profile further, which is why a few loan applications getting rejected can spiral out of control. Some banks will not even consider lending you money if you have a certain number of recent credit enquiries.

How Do No Credit Check Loans Work?

Loans without credit checks usually rely on the borrower’s other assets, including income, employment status and existing debts to determine whether they can successfully repay the loan. Aside from this, no credit loans work exactly the same as any other personal loan: you will have repayments to make and fees to pay, and you can use the funds however you like.

Types of Bad Credit Loans

When you need cash now, bad credit should not get in your way.

Bad Credit Loans with No Credit Check

The most common reason people have for needing no credit check loans is a bad credit history.

Your credit history can be tarnished by a wide range of incidents including overdue bills, late payments, missing repayments on other loans, declaring bankruptcy, and much more.

We believe such things should not preclude you from borrowing money and you should not be bogged down or judged by your past mistakes. At Cigno, we give everyone a fair go and will work with you to obtain a loan without damaging your credit score any further.

Bad Credit Loans While on Centrelink

Worried that you will be excluded from cash loans due to bad credit and Centrelink payments? Don’t lose hope – we might be able to help.

We act as your agent to lodge applications with lenders who assist customers on Centrelink with bad credit, helping them cover emergency expenses between payments.

When you are unemployed, retired or dealing with a disability, expenses can often creep up on you at the worst times. Bad-credit loans for Centrelink customers can help you cover costs that cannot wait until your next payment comes in.

Small Personal Loans for Bad Credit

When you need small cash loans, bad credit can cause issues.

It can be frustrating to have banks turn you away instantly when you just need to borrow a few hundred dollars. And repeated applications and rejections can further damage your credit history, making it even more difficult to access small loans for bad credit.

When comparing small loans for bad credit online, you may need to avoid institutions that typically conduct credit history checks. At Cigno, our financial experts are skilled at finding small loans for people with bad credit, which is why our approval rate is so high.

How Much Can I Borrow?

Ready to get some financial relief. When you have bad credit, you can still use our service to apply for a loan up to $1000, judgment free.

Are there any requirements?

Typically, we will only require your personal details such as your address and contact details and your recent 90 day bank statement.  If on the rare occasion we need further information is required, we will let know and work with you to get the application submitted as quickly as possible.  We only ask for the information we need, and we keep all your data safe and secure.

Are there any fees involved?

When you make your application, we will provide you with all the relevant information regarding our fees and any lender costs. As responsible lenders, we believe in being up-front about our fees and have no hidden charges.


Bad Credit Loan Repayments

It is important repayments as predictable and painless as possible.  As your agent, we can assist by:

  • Aligning your repayments with your pay cycle
  • Matching repayments to your financial capacity
  • Sending a repayment reminder on payday
  • Organising a direct debit from your account on payday
  • Keeping you informed of any additional costs (we have no hidden fees or agendas).

As long as you continue to repay any loans that you are granted, you will always be able to use our services to apply for loans in the future. We will keep your information on our secure system so that any future application is as quick and as easy as possible.