Need a bad credit loan?
Are you looking for a bad credit loan? If you’ve been searching the web for a compatible lender why not cut the searching all together. At Safrock, we do the hard work for you. Our team will submit your application to a variety of different lenders and let you make the decision. We could even find you a lender who might be able to offer bad credit loans. Why waste time comparing lenders? Let Safrock do the leg work.
What is a bad credit loan?
So, what is a bad credit loan? Essentially, a bad credit loan is just a personal loan for an individual with a poor credit score. What is a personal loan? A personal loan is basically just an amount of cash borrowed from a bank, credit union or online lender and then repaid over an agreed upon period of time. In most cases, personal loans attract interest that is payable on top of the loan amount. Each lender is different, however, and it is important to assess your own financial situation before making a commitment.
How do you get a bad credit history?
Now you know a little more about bad credit, are you wondering how you get a bad credit report in the first place? A bad credit report can creep up quicker and much easier than you might think. Things like missed payments on water and electricity bills could be affecting your credit score right now. To put it simply, a bad credit report is the result of poor financial management. If you are regularly missing repayments on a loan or on your bills then chances are your credit report is taking a hit.
How can I repair my credit score?
Good question. The only thing that will really repair a bad credit report is making positive financial decisions. Paying your bills and loan repayments on time is a great place to start. The more regular payments you make, the better your credit score will be.
What about credit repair companies?
If you’ve been googling ‘how do I repair my credit score’ then you’ve probably already seen the multitude of credit repair companies out there. The question is, do they really work? In most cases, a credit repair company is used to contest incorrect listings on your credit report that are affecting your credit score. In most cases, credit repair companies can not magically turn a poor credit report into a good one. If you’re seriously looking to repair your credit score, it’s a good idea to take a hard look at your finances and work out the best way to ensure all future payments are made on time.
What is a lender finder?
At Safrock, we are a lender finder. What does that mean? Essentially, our team does the searching for you. We show your application to a variety of different lenders and do our best to find you the perfect match. Keep in mind that Safrock is not a lender, we’re a lender finder. That means we can not speak on behalf of a potential lender and, therefore, can not guarantee approval for any applicant. We can, however, guarantee we will do our best to find you a compatible lender.
Safrock: who are we?
At Safrock, we’re the lender finder that more Aussies trust when they need a fast bad credit loan. If traditional lenders have said ‘no’ in the past then why not let Safrock find you a lender who could say ‘yes’. The best part is we’re 100% online. What does that mean? Basically, it means that you won’t even need to leave your living room to apply for a bad credit loan. Our entire application process can be done from any device that has an internet connection. At Safrock, we’re committed to making it easier than ever for Aussies to get the cash they need without the hassle associated with traditional lenders.
Wondering if you’ll have to visit a branch when you apply with Safrock? The answer is no. Even better, we won’t ask you to fill out any paper forms. At Safrock, our team doesn’t believe in long winded questionnaires and complicated application forms. We keep it simple and straight to the point. Any required documentation can be submitted 100% online.
Who can apply with Safrock?
So, now you know a little more about who we are, are you wondering who is eligible to apply? At Safrock, we like to keep our application criteria as simple and straight-forward as possible. You will, however, need to meet a few basic application criteria:
- All applicants must be over the age of 18;
- You must have received some type of regular income for the last 90-days into a bank account that is your own;
- All applicants must have an active mobile phone number and email address;
- You must have internet banking set up and ready to be used.
What documents will I need to submit?
As we’ve already mentioned, when you apply with Safrock, our team won’t ask you to submit any paper forms. All of the documents we need to pass on to a potential lender can be submitted 100% online. If you’re ready to start your speedy application form then we recommend you have the following handy:
- Personal details like your online banking & employment info;
- An active email address and mobile number;
- The reason you are applying for the loan;
- Your MyGov details (if you are receiving Centrelink payments);
- Employer contact details.
Why might a lender need my online banking details?
There’s no cause for concern, a potential lender won’t ask for your online banking details so they can look through your actual bank account. A lender might ask for your online banking details so they can access read-only copies of your bank statements. A potential lender might look at your bank statement to get a better idea of your current financial situation. Some lenders could approve bad credit loans and, therefore, use this insight to determine whether you have made a considerable effort to reconcile your credit score. Factors like spending habits, income and regular transactions could be taken into consideration when a potential lender is assessing your bad credit loan eligibility.
Most Australian lenders use the latest in safe banking technology to ensure your information is always encrypted. That means no one will ever be able to see your personal details or passwords. If you’d like to know more about online banking we recommend you get in touch with your individual lender.
Will my lender do a credit score check?
At Safrock we are a lender finding service. Unfortunately, that means we can not speak on behalf of other lenders. It is important to keep in mind, however, that most lenders do conduct credit score checks during their loan assessment process. Credit score checks are an important part of the Australian Code of Responsible Lending. Aussies lenders are required, by law, to ensure you have the means to repay your loan before you are approved. That being said, there are many lenders out there who take a more realistic approach to bad credit. Some lenders prefer to look at where you’re currently at with your finances, rather than focussing on the past.
Will a potential lender call my boss?
Employment checks are often a routine part of the loan assessment process. In most cases a potential lender will get in touch with your employer to verify a few important details. There is nothing to be concerned about though, a reputable lender will never disclose any of your personal or private details – this includes the reason why you are applying for a loan. If you’d like to know more about your lenders employment check process, the Safrock team encourage you to get in touch with them.
What can I bad credit loan for?
At Safrock, we’ve matched Aussies with personal loans to cover a wide variety of different expenses. Here are just a few examples:
Cosmetic surgery loans
Have you been thinking about cosmetic surgery? Don’t have the cash to make it happen right now? Why wait when you could apply with Safrock in just a few short minutes. Our team has already matched lots of happy customers with the perfect lender. We’ll show your application to a wide variety of different lenders so you get the best chance possible at approval on a cosmetic surgery loan. So, what are you waiting for?
Don’t put off the vacation of your dreams. With Safrock, you could have the cash you’re looking for even sooner than you think. You could apply for a holiday loan between $2,500 and $25,000 right now. Whether you’re thinking about taking the family away for the school holidays or planning an around the world trip, the Safrock team has your back. Why not scroll up and apply for the little extra boost you need right now?
Sick or injured? Money is the last thing you want to be worried about. At Safrock, we’ll look for a lender that can deliver fast cash to cover a medical bill. The best part is you can submit an application 100% online without the hassle of a traditional lender. Safrock is making it easier than ever for Aussies to access the fast medical loans they need today. All you need to do is scroll up and start an application – simple as that!
How much does an application cost?
You’ll be pleased to know that an application with Safrock is completely cost free. If our team is unable to find you a compatible bad credit loan we won’t ask you to pay a cent. You will only be asked to make payment after you have signed an agreement with a potential lender.
How do I apply for a bad credit loan?
Starting an application couldn’t be simpler. Ready to find the perfect bad credit loan? Here’s how it works:
Head to the top of the page and use the loan calculator to enter your desired loan amount and repayment period. You will then be directed to Safrock’s 100% online application form. This could only take a few minutes to complete.
We look for a lender
Once the Safrock team receives your bad credit loan application form we’ll show it to a wide variety of lenders. If we’ve been able to find a match, we’ll let you know. It’s completely your choice as to whether or not you choose to accept.
Sign your agreement
If Safrock has been able to match you with a compatible lender, we’ll put you in touch. Your lender will most likely send over an agreement for you to review and sign. Remember, it is important to make sure you read through your agreement carefully before signing. If you’ve got questions, ask your lender for clarification.
Get your cash
In most cases, when your new lender receives a copy of your signed agreement they will transfer the cash straight to your nominated bank account. Instant banking is now making it easier for Aussies to get the cash they need very quickly. If your bank is Osko or NPP enabled you could have the money in your account and ready to use in just 60 seconds!