What can be listed on your credit report?
Do you have any of the following listed on your credit report? We may be able to help, subject to our policies and guidelines.
- Paid defaults
- Unpaid defaults
- Bankruptcy or Part IX
- Debt Agreement (You must have entered bankruptcy over 12 months ago.)
Have you been applying to a number of different lenders? Each time you do this, it can add an enquiry on your credit file which makes it harder to get a loan approved. We’re happy to talk to you about your credit file before you apply so you know where you stand. Our goal is to help you go forward!
How can I fix my bad credit rating?
It can take some time and effort to repair your credit file but we assure you it is worthwhile. In order to repair your credit history, you'll need to demonstrate that you're able to borrow and repay responsibly.
The first step would be to get a copy of your credit report - this can be done through Equifax (formerly Veda Advantage).
For more tips on improving your credit file, check out our blog on the subject!
Moving? Protect your credit report with these tips!
Keeping small loans clear and simple!
Am I eligible?
To apply you need to be: 18 years of age or older, a permanent Australian resident and in regular paid employment.
How much can I borrow for a cash loan?
From $500 up to $5000
How long can the loan term be?
3 – 24 months
Is it a fixed or variable rate loan?
Who will be the lender?
Fair Go Finance
Ready to move forward with a bad credit loan? click here.
Need help first? Give us a call on 1300 324 746 or instant message us.
(Are you reading this outside our business hours? You can still call and leave a message or e-mail us with any queries, and we’ll reply as soon as we’re back at work!)
How much does a Bad Credit Loan Cost?
||Typical Establishment Fee
||Interest Rate per Annum
|Small Amount Loan
||$500 - $2,000
||4% of Principal
|Medium Amount Loans
||$2,250 - $5,000
||$460 - $695
||Repayments per week*
||Interest Rate per Annum
||3 - 5 months
||$33 up to $155
||4 - 12 months
||$62 up to $169
||38.1% - 44.6%
|*Repayments per week depend on affordability
Mates Rates Discounts
At Fair Go Finance we reward you with a discount on your second loan, given you will have demonstrated a positive repayment history on your first loan. You will be rewarded with an express service and, depending on the loan amount, a reduction on your establishment fee / interest rate. For more information on our loyalty discounts, check out our Mates Rates page.
Warning: The comparison rates provided are true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Maximum fees, charges and or interest equal to a maximum all inclusive equivalent cost rate of 48% APR (Annual Percentage Rate). Minimum loan term 3 months. Maximum loan term 12 months. For our loans of $500 to $2,000 an APR (Annual Percentage Rate) does not apply.