Bad Credit Loans

Yes, it’s possible to get a loan even with bad credit, though it may be more difficult than if you have good credit.

If you have bad credit, many mainstream lenders may refuse to take a ‘risk’ by giving money to you. But we don’t think that’s fair; a credit issue yesterday doesn't necessarily determine your ability to pay back today.

If you live on a non-traditional income stream (like self-employment or a part-time job), you may also find your credit score to be lacking. The good news is that there are options like those offered by us at Fundo that specialise in bad credit loans, and we can offer you better terms than a mainstream lender would.

We’re on a mission to simplify the way people get access to finance. No borrower likes red tape, and neither do we. That's why our bad credit loans replace standard credit checks with much simpler assessments.

People looking up bad credit loans may have many reasons for doing so, such as needing medical expenses, home improvements, debt consolidation, or even for wedding loans or travel loans. They are available to people with low or no credit scores.

If you have poor credit and need a small loan, Fundo may have the lending solution for you. We even provide an easier alternative for people struggling to get payday loans from traditional lenders, even if they have encountered some financial difficulties in the past.

Having a bad credit history can make it more difficult to get approved for a loan, and when you are approved, the interest rates are typically higher in order to offset the uncertainty of lending to someone with a poor credit rating.

If you have a bad credit history, lenders may view you as a higher-risk borrower, meaning that they are less likely to get their money back if you default on the loan. To compensate for this risk, lenders may charge a higher interest rate on bad credit loans that they approve.

In general, having a bad credit history can make it harder and more expensive to get a loan. However, it is still possible to find products with reasonable interest rates and additional features that can benefit you.

Our teeny tiny loans are a great way to meet unexpected funding needs like car repairs, home improvements or medical expenses. If you’re looking for a loan that can help you with unexpected bills and expenses, we can help. Fundo’s short term loans are available to anyone over the age of 18 who has a steady income of at least $500 a week.

Improving your credit score is a long-term process, but there are several steps you can take right away to start increasing it.

The first step is to review your credit report. Request a copy of your credit report from each of the appropriate bureaus and look for any errors or discrepancies that could be affecting your score. If you find any, contact the bureau immediately and ask them to correct it.

Next, pay down your debt. A key factor in your credit score is your debt-to-income ratio – or how much debt you owe compared to how much money you earn. Paying down your debt, even in small amounts, can help lower this ratio and improve your score.

If you don’t have a credit history, consider getting a credit card. As long as you use it responsibly, having a credit card and making regular payments can help your credit score. Just make sure to keep your balance low and pay off the balance in full each month if possible.

Finally, make sure to pay all of your bills on time. This includes not only credit cards but also utilities, rent, and other loan payments. Payment history is one of the most important factors in your credit score, so it’s essential to make all of your payments on time.

By taking these steps, you can begin to see an improvement in your credit score over time.

At Fundo, we're committed to supporting our borrowers in managing their finances. That’s why we provide advice and tips in the self-service and interactive dashboard on how to increase both their credit scores and their Fundo Score.

The goal of the Fundo Score is to encourage healthy borrowing practices. Fundo users can level up their scores by making timely or early repayments, or even by reducing the amount of loans you have from other lenders.

In the past, you might have found yourself rejected because of a poor credit score or because the lender didn't have enough information about your financial situation. But here’s the good news: banks and other mainstream lenders are no longer the only solutions.

Whether you’re in need of education loans or a home renovation loans , with Fundo, scores are no longer the single, deciding factor in getting approval. With minimal borrowing criteria, we’ll consider your unique situation and credit history for a better picture. It only takes three minutes to send your necessary details.

For those looking up bad credit loans, Fundo may have the solution for you. Apply today for our teeny tiny loans!