Rapid Finance on 13 April 2022

However much we try to plan ahead for the future, sometimes we need a loan urgently. But what if you have bad credit? Whether you need a loan to cover emergency medical costs, to purchase a new car or for something else, Rapid Finance could help you find a loan option to suit your unique financial situation.

We’ve all made mistakes in life and, when it comes to poor financial decision-making or just an unfortunate series of events out of your control, we don’t judge people on their financial past. We know that most people don’t fit into the perfect box that will, on paper, satisfy the strict requirements of lenders like banks. We listen to your unique story and try to help you find an urgent loan that’s suitable for your budget.

Whereas some financial institutions call it ‘bad credit’, we call it our speciality. Have you been turned away by banks? Had problems with defaults in the past? Don’t give up. Rapid Finance has been helping customers secure urgent loans for over 20 years, so we generally know exactly how to help you - generally whatever your situation! Rapid Finance should be able to help get your bad credit loan approved.

What does it mean to have bad credit?

Sometimes, people aren’t aware of their credit score until they need it - and often that’s in an emergency situation. Whether you’re looking to make a big purchase like a car or a home, or just need a personal loan to cover unexpected immediate expenses, chances are you’ll need a loan to make it a reality. 

When you apply for a loan, lenders look at your credit history, as one of the tests, to determine whether you’re in a position to pay back the money you’re hoping to borrow. A credit score pools together your financial history from things like your past credit card payments and defaults, the number of loans you’ve had, and even your buy now pay later history. The number can be between 0 and 1200 (depending on the credit reporting body) - generally, the lower the number, the poorer your credit score.

How to find out your credit score

Need an urgent loan but not sure whether you have bad credit or not? 

If you’re unfamiliar with the process why not use our Free Credit Check? Simply populate the form with your personal information and a Rapid Finance expert will contact you directly to guide you through the process. Then, we can help you make an educated decision about your next steps.

As long as you give us all the correct information, determining your credit score takes just minutes.


How Rapid Finance could help you

With access to an extensive range of financial products, Rapid Finance could help you secure an urgent loan - generally, in spite of your bad credit. We offer bad credit motorbike loans, bad credit truck loans, bad credit car loans - and more. We ensure fast application and approval times and are experts in finding solutions tailored to your situation.  Through our comprehensive assessment process, we’ll endeavor to find the finance solution that best matches your goals with your circumstances fast – even if your credit history isn’t perfect.


On a side note, don’t forget about our wholesale cars - We offer the one-stop shop where we can help you source a vehicle through our extensive wholesale network - Through our network, we will do some extra checks on your behalf as well as inspecting the vehicle to ensure it's a great vehicle - We will also check :

  • There is no money owing on the vehicle

  • The vehicle has not been a repairable write-off

  • The vehicle has not been in any serious accidents 

  • We will check everything works on the vehicle 

  • We will get the roadworthy for the vehicle

  • We will do a detailed inspection on the vehicle

To find out more info about our wholesale Network vehicle, click here


Give us a call on 1300 467 274 or apply online today.