Bad Credit Loans

‘Bad credit loans’ may sound like bad things, but they’re simply cash loans for people who have bad credit. And because we only lend responsibly, our bad credit loans are one of the best ways to get the quick cash loan you need, as well as your credit rating back on track.

There are all sorts of reasons why you might have a bad credit score and be looking for loans for bad credit, but we’re not here to judge. We’re here to help you get the finance you need, with responsible cash loans that minimise your borrowing costs and help you build your credit score.

If you’re struggling to borrow money – say, a personal loan from a bank or credit union – that’s probably the most obvious sign that you have a bad credit score or a less than ideal credit history.

But that’s where our quick cash loans, designed specifically for people with bad credit, come in. We’ll look at your credit history and work with you to try and find a cash loan that works for you – a loan that you can realistically pay off, which is the first step to fixing your bad credit score.

Find out for sure if and why there’s an issue with your credit history. Get a free copy of your credit report from Equifax. You’ll need to answer some questions and it’ll take around 10 days to receive your free report, but understanding the problem makes it easier to rectify your bad credit score.

Sometimes a bad credit score can be the result of a simple mistake, and we all make mistakes. Sometimes it can be down to a situation that was beyond your control. At Fair Go, we don’t judge. And we don’t focus solely on your credit history. We’re here to help you secure your financial future.

Here are just some of the reasons why our customers ended up with a bad credit history:

• They missed some bill payments.
• They defaulted on a loan (cash loan, personal loan etc).
• They forgot to make credit card repayments.
• They filed for bankruptcy.

If you request a free copy of your credit report from Equifax you’ll see exactly what has affected your credit history. And once you know, it will be easier for us to advise you, not only if a Fair Go bad credit loan is for you, but how to improve your credit score.

Yes, every time you apply for a loan from a lender, it adds an enquiry to your credit file. This can make it harder to get a loan, which is why we recommend talking to our bad credit experts before you start applying for loans.

Check out our video about how to find out your credit score and deciding what type of loan would be best for you. Better still, call us on 1300 324 746 or contact us via live chat. We understand the ins and outs of bad credit, so we can help you make the right choice and avoid unnecessary and potentially damaging loan applications. No pressure. No obligation.

Given that you can further damage your credit rating if you apply for a bad credit loan but aren’t successful, it’s important to make sure a loan is the right option for you and your circumstances.

You need to be honest with yourself and answer some important questions:

• Are you eligible? There’s no point applying for bad credit loans if you aren’t.
• Do you really need a cash loan? Could you save up, instead of getting a loan?
• Is a quick cash loan the best form of credit for you? Is there a better alternative?
• What are the terms of your cash loan? Do they suit you and your current budget?
• Have you done your research? Are you sure you have the best loan and rate?
• And the big one: Are you 100% sure you can afford the repayments? Be realistic.

If you’re not sure, call our bad credit loan specialists on 1300 324 746 or contact us via live chat and we’ll help you decide if a bad credit loan is the best option.

We’re on a mission to give everyone a fair go, whatever their credit score. But while we specialise in cash loans for people with bad credit, we can’t guarantee to give you a bad credit loan.

It all depends on your situation and circumstances. The last thing we want to do is arrange a quick cash loan that has bad long-term consequences – you risk making your bad credit score worse if you struggle to make the repayments.

But rest assured, whether we can arrange a bad credit loan for you or not, we’re here to help you understand and get on top of your financial situation. Call our bad credit loan experts on 1300 324 746 or contact us via live chat and find out how we can help.

Yes, we always conduct credit checks on loan applications, and bad credit loans are no different. But don’t let a bad credit rating stop you from applying. That’s why we’re here – to help you get the cash loan you need and work towards a healthier credit history.

It’s important to know that your credit score isn’t the only thing we look at when we assess your application. We’ll look at your current income, your current circumstances, your spending habits and a number of other factors before we make a decision on your bad credit loan.

If your application for a bad credit loan is successful, you can use your cash loan for pretty much anything you like. For instance:

• Buying furniture or electrical goods
• Paying outstanding fines or defaults on your credit report
• Car repairs and motor vehicle expenses
• Clearing other debts, like your credit card or store card balance

Fixing a bad credit rating can take time. You need to demonstrate you’re able to borrow money and then repay it, which can be difficult if you can’t borrow money because of your credit score.

That’s where we come in. We’re here to help you break that vicious circle. Our bad credit cash loans are personalised and structured responsibly, so you know you can manage the repayments, settle your loan and improve your credit score.

Start your journey to a healthy credit score by requesting a free copy of your credit report from Equifax and find out how a bad credit loan can help you improve your credit history.

1. Apply online in less than 6 minutes. Our clever online application form is quick and easy to complete – apply from anywhere in Australia, anytime day or night.
2. A little human touch may come into play. If your application isn’t given an immediate outcome, a friendly credit consultant will be in touch to confirm what they need clarified, or if there’s a different amount or product they can offer you.
3. Get approved: If you’re offered a loan and you’d like to proceed, simply accept by electronically signing in the contract using an SMS code sent to your mobile phone.
4. Receive your funds within minutes: We use Real-Time Funding to instantly transfer the funds to your account.

Start your online application and see for yourself. And remember, if you run into any problems with our online application or have any questions about the approval process for our personal loans, we’re here to help. Call our team on 1300 324 746 or contact us online via live chat.

How much you are eligible to apply for will depend on your current financial circumstances and requirements. As a Responsible Lender we want to make sure your loan is affordable for you, so we will always need to complete your assessment first before we can provide you with the loan amount you’re eligible for.

Our loans are based on your individual and current financial circumstances. Until we receive your application and your bank statement information, it is not possible for us to guarantee you will be approved. You may wish to read our blog which provides some helpful tips on improving your chance to get a loan.

Our loan repayments vary depending on the loan amount, the loan term and the interest rate. You can use our loan calculator as a guide, however because we tailor our rates to your unique credit profile, we will not be able to confirm any repayments until your assessment is complete.

The interest rates for our loans are calculated using risk-based pricing, which simply means the better your credit rating, the better the interest rate you can be eligible for. We won’t be able to confirm what interest rate you may be eligible for until your assessment is complete, however you can see the range of our interest rates for our personal loans here.

The usual waiting time to receive your loan application outcome is between 24-48 working hours.