Getting a personal loan can be a difficult process. Whether it’s because of credit issues or the fact that most banks look solely at your credit history, this can leave a lot of people with few options, especially when they need the money fast. It’s no surprise that online searches for ‘quick cash loans no credit check’ have increased. But, it doesn’t have to be the case.

We understand that everyone has a unique and sometimes complex financial situation. At Fundo, we look at more than just your credit history when reviewing your loan applications. We help you find short-term personal loans that suit your financial needs without bias from far-from-ideal credit scores. 

Learn more about alternatives to ‘quick cash loans no credit check’ options with Fundo today.

Do lending apps also do credit checks?

Most traditional lenders and alternative lenders (like lending apps) are required to do credit checks as responsible lenders. While some lenders may advertise ‘quick cash loans no credit check’ and other 

‘payday loans online’ options, these may not have your financial wellness in mind. 

At Fundo, we take other factors into consideration that could explain your not-so-stellar credit score and determine if you are capable of making repayments now. We typically require that you meet our general criteria before applying for a Fundo loan. To qualify, you must:

• be at least 18 years old;
• be a citizen or tax-paying resident of Australia;
• show proof of regular income of at least $300/week, excluding government benefits;
• ensure repayment deadlines are met; and
• ensure you will not place undue pressure on yourself by borrowing from Fundo.

Fundo’s policy is to carefully look at every loan request and never turn one down without a good reason. Feel free to contact us if you have a complex financial situation so we can discuss it and determine what options are available to you. 

Instead of searching for ‘quick cash loans no credit check’ or a ‘short term cash advance’ online, let us help you find the short-term Fundo loan that fits your financial situation today!  

Can credit checks impact my credit score?

No, checking your credit will not impact your credit score. However, it is generally a good idea to regularly check your credit score to ensure that the information is accurate. While it may be a hassle to do so, at Fundo, we offer an engaging alternative to your credit score for all our loans. 

Our Fundo Credit Score is our unique credit scoring system that influences the likelihood of your next Fundo loan getting approved. We implement a fun, game-like experience with our Fundo Credit Score, independent of your real credit score, to help you develop sound financial habits while getting you the loans you need. 

Your Fundo Credit Score is straightforward. Your financial decisions influence your Fundo Credit Score while you have an ongoing Fundo loan. Your score will improve if you make your repayments on time or ahead of schedule. Even recommending Fundo to friends and family or leaving a review positively impacts your Fundo Credit Score.  

In contrast, your Fundo Credit Score will decrease if you have to reschedule a repayment or miss a repayment schedule. This system will help you develop financial literacy without much risk. So you don’t have to search for ‘quick cash loans no credit check’ and other fast cash alternatives at Fundo. 

Moreover, you can quickly check your Fundo Credit Score from our interactive self-service dashboard! From here, you may also check on the status of your Fundo loans (like the details of your loan and your outstanding loan balance). And, of course, checking your Fundo Credit Score will not impact your score either!

Whether you’re looking for ‘quick cash loans no credit check’ or ‘small loans today’ online, make sure that you’re making financially sound decisions! Fundo’s self-service dashboard also sends you daily tips and financial wellness advice.

What is the difference between a soft and hard credit check?

A hard credit check is when a lender checks your credit as part of the loan application process. Usually, these types of credit checks determine the likelihood of your loan being approved and the details of your loan (like the interest rate and repayment schedule). You typically have to give your permission for lenders to run a hard credit check.

A soft credit check, on the other hand, is whenever you check your credit score on your own or a credit card company wants to see if you’re a good fit for their offers. These usually don’t require permission, but you will see them when you check your credit report.

At Fundo, we are obligated to do credit checks as responsible lenders, but they are only a minor factor in considering your Fundo loan application. We look into other factors that could explain your not-so-great credit score and determine if you are capable of comfortably making repayments. 

Don’t settle for ‘quick cash loans no credit check’, ‘loans easy approval’, or ‘instant cash’ options. Choose the short-term personal loan option that cares about your financial wellness besides getting you the money you need. Choose Fundo today. 

Apply for teeny, tiny Fundo loans today online!

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