Bad Credit Loan Options

Bad Credit Loans for Cars, Homes and More

With over 20 years experience, we are experts in assisting people find finance with poor credit. Even if you've been turned away by the banks, or have had problems with defaults in the past, we could still help. With decades of industry experience, our experts will work with you, to find you the right loans with bad credit.

Loan TypeLoan TermWho is this Product for?Loan PurposeMin Loan AmountMax Loan Amount 
Car Loans with Poor Credit 1-7 Years People who have a poor credit history including: ex bankrupt, Part XI, credit defaults, poor credit rating or have been previously declined Purchase of a vehicle, such as a car, bike, boat or caravan $2,000 $100,000 Bad Credit Car Loans
Home Loans with Pad Credit 1-30 Years People wanting to refinance who may have credit defaults, ex bankrupt, Part XI, poor credit rating or have been previously declined Purchase of property, such as a home $200,000 $5,000,000+ Bad Credit Home Loans
Personal Loans with Credit Problems 1-7 Years People who have bad credit, needing a loan or finance, who have recently been rejected for a loan, due to their poor credit rating To fund home renovations, car repairs, medical expenses, travel, weddings or other need $8,000 $60,000 Bad Credit Personal Loans
Debt Consolidation 1-30 Years homeowner/Buyers. Looking to utilise equity to consolidate loans and debts into one manageable payment Debt consolidation/mortgage refinance $200,000 $5,000,000+ Debt Consolidation Loans
Poor Credit Bike Loans 1-7 Years People who have a low credit history including: ex bankrupt, Part XI, credit defaults, poor credit rating or have been previously declined Purchase of a motorbike $2,000 $100,000 Bad Credit Bike Loans
Poor Credit Boat Loans
1-7 Years People who have a low credit history including: ex bankrupt, Part XI, credit defaults, poor credit rating or have been previously declined Purchase of a boat or water sports equipment $2,000 $100,000 Bad Credit Boat Loans

Poor Credit History Options

Bad Credit Loans that Work for You

With access to an extensive range of financial products, Rapid Finance could help you - in spite of bad credit. Click below to read more about the types of loans that may be available to you.

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Rapid Finance Rating

Rapid Finance is rated 4.8 with over 600 5-star Customer Reviews

Top 10 Tips to Improve Your Credit

Improving your credit score when you have bad credit can be challenging, but it's definitely achievable with the right approach and habits. Here are the top 10 tips for people with bad credit to help improve their credit:

  1. Review Your Credit Report: Obtain a free copy of your credit report from major credit bureaus and check for errors. Dispute any inaccuracies, such as incorrect late payments, and get them corrected.

  2. Make Payments on Time: Late payments can significantly harm your credit score. Set reminders or automate payments to ensure you pay all your bills on time.

  3. Reduce Credit Card Balances: High credit card balances can negatively impact your credit utilization ratio, which is a key factor in your credit score. Aim to keep your credit card balances below 30% of your credit limits.

  4. Avoid New Loans: Each time you apply for credit, a hard inquiry is made, which can lower your score. Only apply for new credit when absolutely necessary.

  5. Pay Off Existing Debt: Work on reducing your overall debt. Consider strategies like the debt snowball or avalanche methods to efficiently pay off debts.

  6. Keep Old Credit Accounts Open: The length of your credit history contributes to your credit score. Keep older accounts open, even if you don’t use them frequently, to maintain a longer credit history.

  7. Mix Types of Credit: Having a mix of different types of credit (like a credit card, auto loan, and mortgage) can positively affect your score, as long as you manage them responsibly.

  8. Set a Budget and Stick to It: A budget helps you control your spending and ensures you have enough money to pay your bills on time. This can prevent falling further into debt.

  9. Seek Professional Help If Needed: If you’re overwhelmed, consider consulting a credit counsellor. They can provide personalised advice and help you develop a plan to improve your credit.

  10. Monitor Your Credit Regularly: Regularly check your credit score and report to track your progress and understand the impact of your financial actions. There are many free services available for monitoring credit.

Remember, improving credit takes time and consistency. Be patient and persistent in following these practices, and your credit score should gradually improve.

Bonus Tip: Saving money and putting aside whatever you can, no matter how little, shows lenders you're financially responsible.

Ready to take the next step?

Get Started Now

or call 1300 467 274

Rapid Finance Rating

Rapid Finance is rated 4.8 with over 600 5-star Customer Reviews

Loan Calculators

How much would a bad credit loan cost you per month? Use our finance calculators and see whether the amount you want to borrow is affordable. Adjust the loan options to find out what terms could be right for you.

Give it a shot!

Ready to take the next step?

Get Started Now

or call 1300 467 274

Rapid Finance Rating

Rapid Finance is rated 4.8 with over 600 5-star Customer Reviews

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What are Bad Credit Loans?

Bad credit loans are a type of loan tailored towards people who have poor credit scores, who may be overlooked and rejected by mainstream lenders and banks, due to their credit score.

Credit scores are an estimation of an individual's credit worthiness. This helps lenders make a quick decision on whether to lend to them, based on the credit score.

Credit can be negatively impacted by missing payments, defaults, bankruptcy, part IX debt agreements or many other situations, including excessive gambling. Credit can be improved by making regular payments on loans or services over time.

Assistance is available for many purposes including car loans with bad credit, personal loans with bad credit, home loans with bad credit and more.

At Rapid, we offer a Free Credit Check option, with no impact on your credit score!

Loans with a Poor Credit History FAQs