Bad Credit Loans

Do you have bad credit but need a loan? Many Australians find it hard to get the loan they want. Thanks to a bad credit rating (which isn't always their fault), regular banks and financial institutions reject loan applications, leaving the regular borrower left with no available options, or so they may have thought. Little do most people know that there are actually loans especially designed for people with Bad Credit also known as Bad Credit Loans. Bad credit loans are very flexible and you are likely to be approved whatever your financial past or have been refused a loan elsewhere. You will also be able to borrow more money for more time as opposed to a Payday Loan. The easiest way to find Bad Credit Loans is by comparing the providers in the table below. The interest rates are likely to be higher when compared to regular personal loans because the lender is taking into account the higher risk posed by the bad credit borrower. Compare Bad Credit Loans below.Please note: Short term loans can be expensive and may not solve your money problems. There may be cheaper borrowing options and/or other assistance available to you.

If you wish to speak to someone: Contact Us or Enquiry Line: +61 (0) 2 91912624

COMPANYTYPE

TYPE

Lender / Broker

APR

APR

The term annual percentage rate describes the interest rate for a whole year (annualized), rather than just a monthly fee/rate

LOAN AMOUNT

LOAN AMOUNT

Amount you can borrow

MIN TERM

MIN TERM

Minimum borrowing period

MAX TERM

MAX TERM

Maximum borrowing period

TERMS

TERMS

Terms and conditions of loan

SUITABLE

SUITABLE

Applicants the loan is suitable for

RESTRICTIONS

RESTRICTIONS

Restrictions regarding potential borrowers

SECURED LOAN

SECURED LOAN

Loans secured with an asset

UNSECURED LOAN

UNSECURED LOAN

Loans which are not secured with an asset

MORE INFO

Cash Train
Cash Train

LenderAsk on Application$250 - $100016 days45 daysTerms

Terms

To meet our basic criteria to apply online, you must be over the age of 18 years old, living in Australia and have a steady income through part-time or full-time employment.

Suitable

Suitable

For Emergency Cash Needs

Restrictions

Restrictions

1. Over 18 years old 2. Employed either full or part-time 3. Living in Australia 4. Have an Australian bank account


NoYesCash Train
If you need cash urgently, Cash Train could be the solution! Cash Train is an online lender who lends to hundreds of Australians every single month. You can borrow from $250 to $1,000, repayments can be made over your next month worth of paydays, it doesnít matter if you are paid weekly, fortnightly or monthly! If you are over 18, living in Australia and earn a regular income then you can apply online any time - Bad credit considered too! Cash Train could have the cash you need transfered to your bank the same day you apply. Our process is easy, you can use a practical online calculator to know how much the loan will exactly cost and apply from the comfort of your own home whenever it suits you best! Enjoy a express cash loan from Cash Train and have your temporary money problems solved! Please note: Short term loans can be expensive and may not solve your money problems. There may be cheaper borrowing options and/or other assistance available to you. DETAIL INFORMATION >>Services

Services

1. Short-term loans
2. Acceptable for those with Bad Credit.


Advantages

Advantages

1. Same Day Cash Loans
2. Bad Credit Considered
3. No Security Necessary
4. Secure and Online


Disadvantages

Disadvantages

1. Up to $1000 only
2. Over 18s only

Oz Loan Source
Oz Loan Source

BrokerAsk on application (Between 10%-25%)$100-$1,5001 days30 daysTerms

Terms

You must be over the age of 18, with an income.

Suitable

Suitable

For all those persons who need a short term cash fix

Restrictions

Restrictions

1.You must be an Australian citizen.
2.You must be over the age of 18.
3.You must have an active bank account.
4.You must have a steady income.


NoYesOz Loan Source
A payday loan is essentially here to help you through a tough and short-term financial period in which you need a lower-end cash loan. Oz Loan Source, a specialist payday loans company want to get you that cash advance you so desperately need. They do this by asking as little questions as possible and providing you with your loan with as little fuss as possible. OZLoanSource.com is your link to fast cash before your next payday. Their mission is to fulfil your need for cash in a timely, efficient manor which is easy and convenient for you to use when you need it most by matching you with a lender that best fits your needs. No long waiting time and no worries. DETAIL INFORMATION >>Services

Services

A great, online application service which means you can do all your applying from the comfort of your own home.


Advantages

Advantages

1.You can apply in a few minutes online.
2.You do not need to send in any physical documents.
3.The money will be distributed into your bank account,normally on the same day. 4.You pay the whole loan back within 30 days so there are no long term repayments.
5.You will be considered for a loan even if your income is provided by the state.
6.People with bad credit ratings are still considered for loans as the checks are made on your present ability to pay back the loan, rather than your past credit history.


Disadvantages

Disadvantages

1.You will not get this loan if you do not hold an active bank account.
2.You will not be accepted for a payday loan if you do not have a regular and steady income, whether from being employed or from the state.
3.You cannot apply for a payday loan if you are already paying off another one.
4.A payday loan is not given to you if you are using your overdraft to pay for one.

Fox Symes Home Loans
Fox Symes Home Loans

LenderFrom 6.69%Up to $2 million1 Year30 yearsTerms

Terms

You can make interest only repayments

Suitable

Suitable

An adverse credit history

Restrictions

Restrictions

Australians only. Over 18.


NoYesFox Symes Home Loans
Fox Symes offers a range of low cost loans that are easy to understand and cater to a wide range of needs. If you are looking for a lower interest rate or consolidating your debt, Fox Symes will assist you in finding the best home loan solution. Fox Synmes will find you the best home loan and interest rates available in the market. They have access to hundreds of home loans from Australiaís largest home loan lenders which include both bank and non-bank financial institutions. Even if you have an adverse credit history, existing home loan arrears or credit card defaults, an irregular income or too many debts, Fox Symes has a range of low cost home loans to assist you. DETAIL INFORMATION >>Services

Services

Fox Symes will find you the best home loan and interest rate available in the market. Fox Symes has access to hundreds of home loans from Australia's largest home loan lenders which include both bank and non-bank financial institutions.


Advantages

Advantages

1. Market leading interest rates
2. 10 minute over the phone pre-approval
3. Compare over 100 different home loans
4. Customised home loans for all borrowers including bad credit
5. Borrow from $20,000 to $3 million
6. Borrow up to 90% of your property value
7. Insurance for your home loan payments 8. MFAA full member


Disadvantages

Disadvantages

1. You have to apply to find out the APR and terms and conditions.

Nimble (Payday Loan Alternative)
Nimble (Payday Loan Alternative)

LenderAsk on application$100-$600 (up to $1200 for returning members)16 days50 daysTerms

Terms

You need to be employed full-time or part-time ó so if your primary source of income is Centrelink benefits, you wonít be eligible to borrow from Nimble. Fees: Establishment fee (20% of principal amount), Monthly fee (4% of principal amount)

Suitable

Suitable

For occasional, urgent and short-term cash needs.

Restrictions

Restrictions

They carry out a credit check as part of our assessment of your first application.


NoYesNimble (Payday Loan Alternative)
Why do thousands of people choose Nimble? It's a totally new way of borrowing money. They have a simple, automated system that allows you to get an online decision once you finish filling out the online application form. Their smart technology does all the hard work so you donít have to wait in queues or attend those painful face-to-face meetings. No waiting around. No hassles. Nimble is completely different from old-school lenders. Itís for borrowing small amounts of money for a short time ó up to 50 days. Repayments are not tied back to your pay day - they are tailored to the individual customer, based on a preferred first repayment date. You can see the full costs upfront, before you apply. There are no sneaky, hidden fees to worry about DETAIL INFORMATION >>Services

Services

1. Apply online - this only takes 5 minutes.


Advantages

Advantages

1. Application is online.
2. Paperless application and no need for a fax machine - Nimble are totally hassle-free.
3. They don't tempt you to borrow more than you need, leaving you with years of debt over your head. They're a fast and simple solution to get a small amount of money right when you need it, and you pay it all back within a few weeks.
4. If you need help, their award winning Customer Care team is just a phone call away. They are also ready on email, live chat, Facebook, and SMS


Disadvantages

Disadvantages

1. You are not be eligible for the full $600 if you are a first time borrower
2. Credit checks apply

If you wish to speak to someone: Contact Us or Enquiry Line: +61 (0) 2 91912624

Compare Bad Credit Loans

Need a loan but have bad credit? You can get the money you want with a bad credit loan.

Do you have a poor credit rating?

You are not alone if you have a bad credit rating. There are thousands of people across Australia in your shoes. Many people do not realise how valuable a good credit report can be. If you have a poor credit report you will struggle to get the financing you want through the banks. This is because you are considered to be more of a risk. Credit reports are easily damaged, simply by missing credit card and loan payments you can damage your score. With this said if you do have a poor credit rating and need a loan what are your options? Nowadays, there are bad credit loans.

What is a Bad Credit Loan?

A bad credit loan is especially designed for people with a bad credit history, problematic financial pasts and those who have been refused for a loan elsewhere. You will find that you can missing credit card and loan payments you can damage your score take out more money for more time with a bad credit loan. Bad credit loans can be particularly useful for rebuilding or building your credit score. As long as you are responsible and make payments on time your credit rating will improve which will result in better loan conditions in time. With a better credit rating you will be able to borrow more money and be offered lower interest rates in the future.

If you need a Bad Credit Loan make sure you know the risks

The interest rates on bad credit loans can be considerably higher when compared to other types of loans because the lender sees you as more of a risk due to your credit history. If you miss payments you risk falling into debt as a result of having to deal with late charges and interest fees that can easily accumulate. Furthermore, with a bad credit loan, you risk damaging your credit rating even further which will only be used against you when apply for future loans. If you decide to take out a secured bad credit loan, where you have to put up an asset that is used as collateral against the loan, you can see lower interest rates. However, this does mean that should you default on your repayments you risk having this asset, which is usually your home or car, seized.

Where to find Bad Credit Loans

Because there is a high demand for bad credit loans you will find there are a lot of lenders for you to choose from. It is really important that you take the time to find the right lender and the right loan. When deciding on which loan to go for you need to make sure you read the terms and conditions of the loan thoroughly so as to make sure there are no surprises. Always be aware of what the consequences are of missing payments because in most cases this can be costly. Use the table above to compare different types of bad credit loans to help you find the one most suited to you.

Bad Credit Loans - Latest News News and Charts

Have You Ever Considered Getting A Bad Credit Loan

03 October 2012 16:00
Which Way to Pay

Have you got bad credit but want to borrow money? Well if you are being continuously defaulted by the banks, do not despair there is an alternative. Unsecured bad credit loan providers are prepared to lend people with bad credit ratings money.

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Do You Need A Loan But Have A Bad Credit Rating?

08 May 2012 17:00
Crage Campbell

There are thousands of people across Australia who have a bad credit rating.Bad credit loans are loans designed for those who have been turned away by conventional lenders because of their credit history.

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Got Bad Credit? You Can Still Get The Loan You Need

01 March 2012
Which Way to Pay

A bad credit loan is a loan especially designed for people with a poor credit rating and those who have been turned down for a loan elsewhere.

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Need Some Money but Have Bad Credit?

23 November 2011
Which Way to Pay

Having a bad credit rating can really get in the way of doing what you want in life. There are bad credit loans out there however that are designed to let those who cannot get the loan they need through the normal channels because of bad credit.

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Got Bad Credit but Need a Loan?

01 November 2011
Which Way to Pay

If you have a bad credit rating, then you know how difficult it can be to get approval for a range of financial products, from loans to cell phone contracts. If you need a loan and canít get approval, itís hard to know where to turn.

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