Short Term Loans for People with Bad Credit

 

Do you have a bad credit history that’s limiting your ability to be approved for a loan? Are you looking for Short Term Loans for people with Bad Credit? Maybe you are looking for a bad credit payday loan to solve a particular financial problem like an unexpectedly high energy bill after Christmas, or for something fun like a last minute school holiday getaway. Whatever the case, everyone needs a little help sometimes!

 

What is a short term loan?

A short term loan in Australia is defined as having a term between 16 days and 1 year, for an amount up to $2000. 

Short term loans can be challenging to secure when you have bad credit, but not all lenders are the same! FUNDO are able to approve short term fast cash loans , with no-credit checks, all on the same-day. The days of dealing with complex applications are gone. So if you need cash today, and meet the eligibility criteria, FUNDO offers you an easy, fast, and smart way to secure small short term loans.

 

What type of loan does not require a credit check?

A Fundo No-Check Loan of course! To be eligible to apply for a FUNDO No-Check Loan you need to meet the minimum requirements.

• You must be at least 18 years old.
• You must provide proof or regular income of at least $300 per week.
• Your regular income must come from a part time or full time job. Government benefits such as Centrelink are cool too.
• Your income cannot be from Centrelink or pension only.
• Current payment history with SACC lenders.

Now, if you don’t meet the minimum requirements to be eligible for a no-check loan but you are concerned about a poor credit history, FUNDO understands. We’ve all fallen under harsh circumstances at some point! If you’re in a financial pickle and feel like no one’s willing to give you a chance, we’re here!

Apply with us online, and we’ll look at your credit history. We will place everything under consideration and hope to still be able to help you.

Fundo has been able to approve many Australian’s that thought they had a questionable credit history. So, while we still carry out credit checks, we consider much more than your score, before approving or declining your application. 

 

Is no credit better than bad credit?

Having no credit history is not necessarily bad. How important your credit history is will vary by lender and by loan product. Each lender will have their own credit criteria, sometimes applied to all of their products, or to just specific credit types.

If you are just starting out with managing your finances, having a low credit score can affect you if you are looking to take out a big loan, such as for a house or car. The reason for this may vary, but usually it is because there isn’t enough financial history to support your application for credit. The good news is that you can increase, and also improve your credit score, by simply keeping on top of your bills.

 

 

What are bad credit short term loans?

Bad credit short term loans are generally given to individuals with poor credit scores and do not come with guaranteed approval. They are usually offered by non-bank lenders, like FUNDO! While bad credit personal loans are still subject to approval, when applying with a lender like FUNDO, we assess more than just your credit score when reviewing your application. 

 

How Fast Can You Receive a Bad Credit short term loan?

The application process with Fundo is all online and incredibly quick! Returning customers can reapply in just 3 clicks, and if you are a new customer, our easy fill application process takes care of all the hassle for you. If approved, most customers will receive their cash within minutes! The process is much easier in the present times than it was in the past. Gone are the days of printing your bank statement at home, or waiting in line at the bank. All you need is to do is head to https://fundo.com.au to submit your application and supporting documents. 

 

Conclusion

When you have bad credit, looking for a short term personal loan doesn’t need to be difficult. There are many advantages to working with a reputable loan provider in Australia such as FUNDO! We offer fast funding, and flexible repayment terms. So whether you need an easy cash loan, same-day Loan, or a bad credit personal loan, we got you covered.

 

The opinions expressed in the Blog are for general informational and entertainment purposes only and are not intended to provide specific advice or recommendations for any individual or on any specific investment product. It is only intended to provide education about the financial industry.  The views reflected in the commentary are subject to change at any time without notice.

 

FAQ – to apply for Short Term Loans for people with Bad Credit

Is it okay for people with bad credit to take a short term loan out?

Yes. If you can demonstrate that you are meeting your current obligations, and can afford to meet the repayments without any undue hardship in doing so, FUNDO can consider your application!

If you’re looking for a bad credit loan, you’ve come to the right place! FUNDO can approves loans up to $2000, even on the weekends, even if you have bad credit.

How long will it take to repay a short term bad credit loan?

A short term loan with Fundo is flexible and typically repaid between 5 and 20 weeks! The repayments are set up automatically, but if you want to take control of your repayments, you can access your personalised Fundo Dashboard where you can manage your repayments, check your Fundo Score, refer a friend and more!

How can I get a short term bad credit loan?

Look no further than FUNDO for your short term loan. To apply for a loan, simply complete our easy online application — our friendly staff will assess your application quickly. If approved, we’ll deposit the cash straight to your bank!

Why should I choose FUNDO for a short term bad credit loan?

At FUNDO, we truly are your teeny tiny online loan specialists. Whether you’re after a fast loan for a holiday, or something else entirely, we’re here to help. Our range of services includes fast cash loans, same-day loans, small short-term loans and no credit check loans — all designed to get you out of a quick pickle with minimum fuss. Importantly, we understand that no two situations are alike. If you’d like to discuss the most suitable loan option for your needs or your eligibility, simply get in touch with our friendly team today!

How can I get the best short term bad credit loan?

For Short Term Loans for people with Bad Credit, go straight to FUNDO! So long as you meet our minimum requirements for a small loan, you can apply. If approved, you’ll enjoy the flexibility and benefits that come with a FUNDO loan, all from your dashboard which you can access with your mobile phone!