If your score does not seem well, you may want to consider no credit check loans.
Lenders who base their decisions on your income, employment and bank statements rather than your low credit score.
However, you have to be aware of tricky terms and deceptive loan lenders.
How To Apply No Credit Check Loan Australia
If you find a lender who is willing to provide bad credit loan, you should fill out an application. And give the lender proof of income and wait for your money to come.
The lender will check the last three months of your banking history. Your income/expenses to see if you will be able to repay your loan.
For online loan application, there are some documents you will need to upload. Such as your personal info, 100 points of identification, internet banking details, employment details and employer contact info, proof that you are an Australian citizen or permanent resident, etc.
Also, your lender may need to know the reason you are applying for a loan. You can use your loan for almost anything including holiday expenses, cosmetic surgery expenses or dental expenses.
Bad Credit Unsecured Personal Loans
If you do not want to take the risk of losing your asset or do not have an asset to show as security and you are looking for a lender who can lend you the amount you need despite your bad credit score; you may consider applying for unsecured no credit check loans in Australia.
Even if the lender you choose may want to check your credit score, the main focus will be on the whole picture including your income, employment status and bank statements. You must have an active mobile number and e-mail address, you must be 18 or older, a regular income must have been deposited into your personal bank account fort he last 3 months, you must have internet banking set up and you must be an Australian citizen or permanent resident.
Instant Cash Loans No Credit Check
If you need a quick loan but you have a damaged borrowing history, you may consider instant cash loans no credit check. You can also apply for fast cash loans and borrow from $300 to $10,000. These loans can be either secured or unsecured and repayments usually take 12 to 24 months depending on the term.