Bad Credit Loans

Bad credit Personal Loans

A bad credit loan is possible. In fact, At Rapid Finance, we have helped thousands of Australians with a less than perfect credit history. If you have unpaid defaults, credit card debts, or little documentation and need money to buy a car, home or bike, get started today:

If you're looking for a bad credit personal loan allow Rapid Finance to do the work for you. A friendly bad credit specialist from oour team will identify your financial strengths and use them to negotiate with various lenders. Not sure if a personal loan is the right choice? View our full range of bad credit loans

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What are bad credit personal loans?

Bad credit personal loans are specifically designed to help applicants with a bad credit history or a low credit score.  For example, those who've experienced credit defaults, bankruptcy, or part IX debt agreements. Bad credit loans provide funds for a range of personal expenses, such as unexpected bills and temporary shortfalls in cash. These loans are available through lenders and brokers who understand that you may have difficulty getting approved for traditional loans due to your credit history and who are experienced assisting people with bad credit.

Advantages of Bad Credit Loans

There are several advantages to bad credit loans, as a borrower:

  • Access to funds: After being refused credit from traditional lenders and banks, a bad credit personal loan could give you the cash or funds you need - without waiting for your credit to improve.
  • Improve your credit score: By making timely payments on your bad credit personal loan, you could improve your credit score over time, which may increase your chances of getting approved for better loan terms in the future.
  • Debt consolidation: You could use a bad credit personal loan to consolidate high-interest debts, such as credit card balances, into a single loan with a lower interest rate. This could save you money on interest payments and simplify your debt repayment process.
  • Financial emergencies: Bad credit loans could provide quick access to funds in case of emergencies, like medical expenses or unexpected repairs.
  • Flexible terms: Bad credit personal loans often have flexible repayment terms, allowing you to choose a loan term that best suits your financial situation.
  • Unsecured loans: Bad credit personal loans are sometimes unsecured, which means you don't have to provide collateral to secure the loan. This can be advantageous if you don't have valuable assets to offer as collateral, such as a car or house.

Bad Credit Loans

Get your loan approved with Rapid Finance

Don't worry if you've had credit challenges in the past or have been rejected by the banks. Whether you need cash for emergency expenses, car repairs, a holiday or need a bad credit loan for some other reason, we're happy to help. Our expert finance consultants can help find the right solution for your circumstances:

Even with bad credit, we have access to a large panel of lenders, all with different rules on who they will lend to. We'll do our best to match you with the right lender - fast!

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Please note: This is an estimate provided for illustrative purposes only, and is based on the accuracy of information provided. It does not constitute a quote. Additional fees and charges may apply dependent on your individual circumstances. Fees such as early repayment costs and establishment fees are not accounted for in the examples of weekly repayments. Interest rates may be subject to change throughout the term of the loan.

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Rapid Resources

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Choosing between a personal loan and a car loan can be difficult and confusing. There are many things to consider and getting the right advice could save you a lot of money.

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How we find loans for people with bad credit

Turned down due to your credit history? Here's what you can do next to secure finance.

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Bad Credit Loans - Frequently Asked Questions

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