Bad Credit Personal Loans
Are you concerned about the likelihood of getting a personal loan with bad credit?
Worry no more – Finance Monster has everything needed to find bad credit personal loans. We specialise in all types of personal loan, bad credit or good! Finance Monster can not guarantee that we 100% can get you a personal loan for all credit affected customers. But we can try, and also help you restore your credit history.
Help! I have bad credit and need a personal loan
Here at Finance Monster we get lots of Australians coming to us and saying, “I need a personal loan with bad credit!” and we are happy to help! We find it very satisfactory to help out those who have not succeeded in getting personal loans with bad credit, because we know just how much bad credit can affect your life.
What is bad credit?
If you have bad credit history, it means you have had defaults in the past. If you need a need a personal loan with bad credit, it can sometimes be difficult to find a lender. Bad credit usually refers to outstanding bills that have been unpaid for over 60 days.
Bad credit history may include:
- Paid Defaults
- Unpaid Defaults
- Part IX Debt Agreement
- Current Bankruptcy or Ex-Bankruptcy
Unfortunately you may end up with a bad credit history simply because too many enquiries have been made on your credit profile, even if you have never had a default.
Don’t let bad credit ruin your dreams
You may be worried about your credit rating, bad credit, unsecured personal loans not being available to you and never being able to realise your dreams because of your past situation. Sometimes it can feel as though you’re banging your head against a brick wall. This can be extremely frustrating, especially if you are in a stronger position financially than you were when the bad credit record was formed.
Our Best Personal Loan Rate
AVAILABLE FOR VERY LIMITED TIME
*The comparison rate is based on a loan of $25,000 for a term of 5 years. WARNING. This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
Should I get a payday loan if I have bad credit?
Payday loans can be tempting for those with a bad credit rating, because they offer quick solution to needing money. However, Finance Monster would recommend bad credit personal loans, not payday loans, because payday loans usually have much higher interest rates and worse conditions, and can end up being an expensive nightmare!
An unsecured personal loan for bad credit is possible!
It might seem as though you’ll never find a bad credit unsecured personal loan – but you have not tried Finance Monster yet! We have already helped heaps of Australians like you find the loan of their dreams, and there is no reason we cannot help you too. Second chance personal loans with bad credit do exist out there – it is just a matter of finding them.
Advantages and disadvantages of personal loans – bad credit
OK, there are many things to consider when signing up for a loan. Any loan will have terms and conditions attached, but these may be more limiting with bad credit loans because from the bank’s point of view, lending money to you is more of a risk.
OK, these are the things you need to think about:
- These personal loans are an option for people who may not have access to traditional personal loans
- Less documentation is usually needed to apply for these loans, which means the application process is more straightforward
- These loans tend to have higher rates and fees than loans offered for people with a good credit rating
- These loans usually offer less features and less flexibility than other types of loans, for example you may not be able to make one-off extra payments without paying a fee.
How can Finance Monster get me a personal loan for bad credit?
Here at Finance Monster we believe everyone deserves a second chance. We don’t believe it fair to punish Aussies who may have accumulated bad credit, which is why we want to help you find personal loans for bad credit. We have access to hundreds of different rates and loans of every type, including home loans, car loans, variable and fixed rate personal loans and unsecured personal loans (bad credit/good credit).
Should I get a bad credit personal loan?
Unsecured loans for bad credit are a great way of rebuilding your credit history because they allow you to start afresh and re-establish credit patterns. As long as you make repayments on time, you can rewrite your credit history with personal bad credit loans.
Bad credit unsecured personal loans
An unsecured loan is a loan that does not use one of your assets as security. Other than that, an unsecured personal loan works just like any other loan in that you borrow funds from a financial provider. Unsecured bad credit loans can be difficult to find, which is why it makes sense for Finance Monster to find unsecured bad credit personal loans for you. Unsecured personal loan bad credit or good credit – we can do it all. If you go it alone you could keep hitting your credit report and lenders don’t like unsuccessful attempts. This is a common problem for bad credit customers.
Finance Monster and unsecured loans
Finance Monster specialises in matching potential borrowers unsecured personal loans for bad credit ratings. If you want an unsecured personal loan for bad credit reasons, then try our 100% free service. You may be pleasantly surprised with what we dig out for you!
Need more help or information?
For further information about unsecured personal loans, people bad credit ratings, unsecured personal loans bad credit history, secured personal loans, home loans, personal loans bad credit monthly payments, motor loans and much more, simply give us a call and we’ll do everything within our power to assist.