Need a cash loan but have a bad credit rating?

Need a cash loan but have a bad credit rating?

Obtaining a small cash loan when you have some bad credit is possible, even if you’ve been knocked back by the banks or other lenders. At Safe Financial we try to help everyone. We have clients with good and not so good credit scores. We assess every application on an individual basis, not just on your credit score. Unfortunately, we’re unable to say if an application will be approved until it has been submitted and thoroughly assessed. It costs nothing to apply, so feel free to place your application online now!

  • Travel, holidays and accommodation
  • Car expenses – including repairs, rego, tyres or insurance
  • Moving costs – including rental bond, body corporate fees, transport
  • New furniture or household appliances
  • Family emergencies or funeral costs
  • Home renovations
  • Education costs – including school fees, uniforms, stationery or tech items
  • Medical expenses
  • Vet bills

Bad credit is a term used to describe a person’s credit history when they have had trouble paying loans or other bills on time. This history is summarised with a score that indicates the borrower’s credit risk. A low credit score signals bad credit, while a high credit score is an indicator of good credit. If there are defaults, missed payments or other negative items on your credit report, these will make your score go down, resulting in either loan denials from lenders, or an approval with a higher interest rate. The lower the credit score the more you are perceived a higher risk for borrowing.

It’s easy to apply for a bad credit loan – so jump online, complete your application and hit submit!

Other common phrases used for bad credit loans include loans with bad credit rating, bad credit history loans, loans for bad credit score, loans with poor credit, unsecured loans with bad credit, personal loan with bad credit, bad credit car loans, online bad credit loans Australia etc. But we do not offer a ‘no credit check loan’. All our loans require a credit check.

Credit reporting agencies such as Equifax (formerly Veda) and Experian calculate a score based on your credit history collected from credit providers payday loans in Junction City OH, courts and other organisations. This score is ranked on a number scale of between 0-1,200 by Equifax and 0-1,000 by Experian. The Equifax score bands are:

As long as you’re a Permanent Australian Resident, 18 years of age or older, have a bank account and phone in your name, and a driver’s license or 100 points of ID, you’re welcome to apply.

For new clients (never had a loan with us before), you need to be working. You can also be receiving Centrelink benefits, but your take-home wage needs to be at least $500/week. We are unable to accept an application if you only receive Centrelink benefits.

We offer loans for people with bad credit right across Australia – including Brisbane, Sydney, Melbourne, Adelaide, Perth, Gold Coast, Cairns, Darwin, Wollongong, Newcastle, Hobart, Canberra and anywhere in between!

To find out how to turn a poor credit rating around, read: How to improve your credit score

You can apply for a small personal cash loan from $500 – $5,000. We’ll assess your application and try our best to meet your requested loan amount. However, in some circumstances where we deem the credit risk higher, we ount, subject to that meeting your needs. Then, once a good repayment history has been established (this helps improve your credit rating with us), higher amounts may be considered for future loans .

You are welcome to apply if you have some bad credit – in many cases we are able to approve applications for people that have had past credit problems. However, we would discourage you from applying if you have multiple unpaid loan defaults on your credit report or if you are currently in a Part 9 Debt Agreement.

Our simple loan calculator gives you a choice of terms for repayments including all fees, charges and interest. Plus, there are no penalties for early payouts!

Yes, we offer bad credit car loans up to $7,000 with fast in-house approval and a choice of loan terms. These loans are secured with the car used as security. So before you hit the market for your next set of wheels, check out our car loan calculator and apply online to get pre-approval.