28 February 2013
Nobody likes to be tagged with bad credit, but it happens sometime due to conditions beyond your control. Once you are rated bad credit, big lending institutions refuse dealing with you.
If you can’t repay one loan, how can you repay another, they feel. Big lenders are professional ones. They don’t change their rules a bit.
In no case, they will lend money to anybody if they sense risk. If you can fulfill their criteria completely, you can get a loan, otherwise not. But, you shouldn’t despair. This is not the end of road for you.
Loan market has grown up now. If you research a little, you can find many lenders offering various kinds of loan. You can select a no credit check loans. Lenders don’t check the credit history of the applicant for this loan. You can find two types of no credit check loans.
Secured loan is offered after pledging a property or other valuable asset. You can get it on lower interest. It is granted without pledging a valuable asset, but it charges a little higher interest. You can go for any of them depending upon your conditions.
For secure loans, you won’t face any problem since lenders get security. For unsecured loans, you have to provide your employment details. If the lender is convinced that you can repay the loan, he will grant you the loan.
Most of such companies are online companies. You will be required to go to their web site and fill in online application form with a few of your personal details.
The lender will verify your credentials, and if he is convinced of your repaying capability, he will credit your account directly. You won’t be required to undergo any documentation either.
You will find many online companies offering such loans on different terms and conditions. You can compare their offer to find the best one for you. You should also apply for an amount which you need immediately. Selecting correct amount and correct repayment period is good for you as it will restrict the cost of loan.
No credit check loans are offered without checking credit history of borrower. You can avail by just providing a few of your personal information.
The operator of this website is not a lender and does not make credit decisions. The information you provide will be used in securing you a payday loan with one of our carefully selected panel of leading Payday Loan Lenders in Australia. The personal, financial and employment information that we collect is stored electronically during the duration of the application and is removed from our system upon acceptance from the lender.
Please note that payday loans are meant to be used for short term financial emergencies and are not designed to provide long term solutions
We expect you to repay your loan on the date agreed, so if you do not think you are in a position to make your repayment, please do not apply with us in the first place. It is not worth risking your credit rating for such a small amount.