Add a little magic to your finances. Quickly find lenders doing cash loans for bad credit!
Life is full of mistakes. Mistakes of all shapes and sizes. Sometimes they’re easily fixed and sometimes they leave a bit of mark to remind you of that one time you accidentally dropped the ball. In case you haven’t caught on, we’re referring to having bad credit. Bad credit is something that many Australians know all too well about. One little slip and we’re left with a black mark on our file for years to come. It may not seem fair sometimes but, unfortunately, it is just another fact of life. Luckily we have things like cash loans for bad credit to swoop in and save the day.
As your local Personal Loan Wizards, we will work our magic to find you lenders who may be able to help with cash loans for bad credit. Don’t stress yourself out in a seemingly hopeless search for cash loan lenders. We’re here to do all the hard work for you. We’ll try find you the lender who can help get you back on your feet.
What are cash loans for bad credit?
24/7 instant cash loans for bad credit are basically just personal loans that can help you repair your poor credit score. The lenders we work with specialise in providing cash loans for bad credit. These loans can be great for potentially helping you get back on track with your finances. And to make things even more magical, we can find you lenders that offer not one, but two different types of loans!
The first type that lenders typically offer, is what we call unsecured personal loans. These cash loans for bad credit range from $500 to $2,000 and can be repaid over a 12-month period. Unsecured means that you will not be required to attach an asset to the loan as security. This makes this type of cash loans for bad credit more appealing for some because, as the borrower, there is less risk. However, for the lender, there is more risk involved with unsecured loans. Therefore, if you do have bad credit, you may be more likely to get approved for the second type of loan that lenders offer.
These are secured personal loans and, unlike the unsecured personal loans, they do require an asset to be attached for security. Lenders offer secured loans from $2,001 to $5,000 and can be repaid over a 13 to 24-month period. So, because there is security attached to these loans, the lender is taking less of a risk when it comes to approving you for a loan. Many lenders may start turning their heads the other way when they see your credit score. However, with the lenders we work with that offer cash loans for bad credit, you could see that much-needed finance in your bank account in no time.
What do I need to start finding cash loans for bad credit lenders?
Our online form is super simple and quick to fill out. It won’t take you long to fill out your information, then we can get to trying to find you lenders offering cash loans for bad credit. However, if you want to speed up the process a little more (we bet you thought it wasn’t possible) you’ll just want to have a few things handy:
- The reason for your loan;
- 100-points of ID;
- Your internet banking details (you’ll need to have internet banking set up);
- Your MyGov account details (if applicable);
- Any relevant employment information.
However, if you are applying for a secured cash loan for bad credit, we’ll also ask you to provide some details of the asset you are attaching to your loan. This includes:
- Security model;
- Registration number;
- Security make;
- Security year;
- Fuel type;
The lenders we work with will only accept either a car, boat, caravan or motorbike to be attached to a loan. The way that these secured cash loans for bad credit work is that, if you ever default on your loan and fail to pay it back in full, the lender can then possess your asset and sell it to recover the funds that you owe them.
Therefore, there is far less risk involved for the lender when they know that, one way or another, it’s likely that they will still get their funds. This is why it’s generally a lot easier for people with bad credit to get approved for secured loans rather than unsecured ones.
How are you able to find lenders doing cash loans for bad credit?
We’re able to find lenders offering cash loans for bad credit because we’re wizards, of course! Basically, we use the latest in safe banking technology to gather information and put together your loan application in fair, thorough and accurate way. This information will be based on your current financial situation. Personal Loan Wizard accesses a read-only copy of the last 90-days of your bank statements, and passes it on to potential lenders. This is so lenders are able to verify your income, spending habits and overall relationship with money.
We understand that things happen, mistakes are made and, most of the time, we just want to move on from them. Well, with Personal Loan Wizard, you can! We do just like to note that the lender that we pair you with are likely to conduct a credit check. We only work with lenders who comply with responsible lending obligations. However, as long as lenders can see that you’ve been making an effort to get on top of your finances and you meet all their eligibility requirements, you could be approved by them in no time.
How do I know if I’m eligible for your lender-finding service?
While we are wizards, we always practice our magic responsibly. Therefore, there are some requirements potential clients must meet to be eligible for our cash loans for bad credit lender-finding service. Our clients must be:
- Over the age of 18;
- An Australian citizen or permanent resident;
- Receiving a consistent income for the last 90 days;
- Able to provide a valid Australian mobile number and email address.
So, as long as you can tick those four boxes, and you’ve been working on that credit score of yours, we can try find you a short-term lender who may be able to help.
What can I use my cash loans for bad credit for?
Well, the magic of personal loans is that you can use them for whatever you like. Personal Loan Wizard’s service is here for people who are looking to get a loan with the sole purpose of improving their credit score, or for people who have bad credit and need a loan for other reasons. Most of our clients use their loans for:
- Emergency expenses;
- White goods/ household furniture;
- Car repairs;
- Household repairs;
- Medical bills;
- travel/ holiday expenses;
- Moving/ rental bond;
- Veterinary costs;
- Improving credit score.
How can a lender who offers cash loans for bad credit improve my credit score?
Its easy for our clients to use cash loans for bad credit to improve their credit score. Once your lender has approved you for the loan, a note of this approval will go on your credit file. Things are starting to look up for you already. Then, when it comes time to repay your loan, you’ll want to make sure you make your payments on time, every time and even throw a few extra dollars on each payment if you can.
With the introduction of comprehensive credit reporting, lenders will soon be able to see more of the positive marks on your credit file. Therefore, if you have had bad credit in the past but are working to improve it, future lenders will be able to see a record of this on your credit file. So, if you are responsible with your loan repayments and don’t miss any or make any late, your credit score will, slowly but surely, begin to improve. Our clients will find it much easier in the future to get approved for finance with bad credit once their first loan has been approved.
Can you find lenders still offering cash loans for bad credit if I’m unemployed?
You’ve come to the right place. They don’t call us wizards for nothing! Hundreds of trusted cash loan lenders for bad credit are just waiting for us to send them our client’s applications!
We are able to help so many people who have bad credit or are unemployed find a lender and get cash loans. This is because Personal Loan Wizard uses cutting-edge technology to gather information for our client’s applications. You may remember us mentioning earlier that we access a read-only copy of the last 90-days of your bank statements? Well, this is how the magic happens!
Personal Loan Wizard accesses a read-only summary of our client’s current financial situation, and provides it to potential lenders. Lenders are then able see past your bad credit and past mistakes and look at your relationship with money as it is currently. So, even if you are not currently employed and you’re receiving Centrelink, lenders may still be able to help. Lenders are able to class your Centrelink payments as regular income, by being provided a summary of your bank statements. Therefore, as long as they are consistent from week to week, and you’ve been receiving them for the last 3 months at least, we may be able to find a lender who can help!
Why should I trust Personal Loan Wizard to try find me a lender?
There are so many reasons for clients to use our service! Here are just a few:
Our network of lenders offer instant cash loans for bad credit. Clients could quickly be on their way to a brighter financial future, with fast outcome times! If we are able to pass your application on to an available lender, they’ll be in contact with you in no time!
Personal Loan Wizard’s initial form is super quick and easy to complete. It’s all done completely online so no need to print off forms or hightail it to the post office. Just the click of a few buttons and you might be able to wave your bad credit goodbye.
With us, what you see if what you get. We’ll never waste your time by promising to help you when we know we can’t. We’ll also only ever try find you lenders who are trusted, legitimate and responsible. That is something you can absolutely count on! When it comes to costs, you’ll never be found a lender hiding extra fees at the bottom of their loan contract. However, as we are just the loan finder, we’re not able to give you an exact estimate of how much your loan will cost. This will vary from lender to lender.
We believe in giving everyone a fair go. Whether you have bad credit, are receiving Centrelink or have a couple of debts hanging over your head, we’ll always do our best to find a lender that’s right for you. Just because you’ve had a few hiccups in the past doesn’t mean that you shouldn’t have access to the finance you need when you need it.
We’re not a big money lender just looking to make a quick buck. In fact, we’re not even a lender. Our sole purpose is to help you get access to the finance you need, that’s all! We have access to hundreds of trusted lenders and do not associate ourselves with the dodgy ones. We can understand what it’s like to constantly have your finances get the better of you. Well if you’re looking to finally get out on top, we have the magic that can help get you there.
Ready to cast your bad credit away?
You just need to head to the top of this page and use the loan calculator the get started with the process! If you have any questions then just check out our FAQs page all the answers you need. However, if you’re wanting to talk to a wizard, shoot us a message here or via our Facebook page.