Bad Credit Loans
Bad credit is a reality among thousands and thousands of Australians. What’s even unfortunate is the fact that their blotched credit history may usually not be because of their own doing. This is the reason that at Acata, we offer bad credit personal loans guaranteed approval no credit check Australia. The unfortunate financial situation you have found yourself in at the moment can be hard to fix overnight, depending on how bad your credit rating is. Through our streamlined online loan application, along with quick approval, you can take out a loan despite your bad credit score in just hours!
Don’t let poor credit prevent you from accessing a loan
One of the consequences of a bad credit score is that it will be a little more challenging for you to access credit. Lenders, at least the traditional ones, will generally have second thoughts over borrowing you money because they will look at your bad credit score as a reminder that you can be a risky borrower— that is they risk not getting paid back if they will decide to lend you money.
Instead of getting hung up on your credit history, our lender partners at Acata will instead focus their attention on your present financial standing. They will look into your current relationship with money to assess whether you will have the means to pay back a loan if you are granted one. This different approach to loan approval means you will be given a fair chance as you will have a much higher chance of getting a thumbs up when in need of a quick loan when your credit score is rather a bit low.
This is done by examining your bank statements to check that you are indeed receiving a regular income and whether or not this will be enough to cover not only your expenses but also your loan repayments. With this, even those borrowers suffering from botched credit histories due to unfortunate financial decisions and circumstances in the past can still get access to a bad credit personal loan fast when they need it.
Guaranteed approval bad credit loans
Anybody would have experienced a situation where they need access to loans fast due to some unexpected expenses popping up. At Acata , we have simplified and streamlined the process to make it less of a hassle for you. Life is always going to throw you a curveball when you least expect it. It could be an emergency home repair or a surprise medical bill— something that will require you to get your hands on extra funds fast. Unfortunately, it will make it doubly stressful when your credit is bad and traditional lenders will not even consider giving you a second glance when you attempt to apply for a payday loan on their platforms.
This is the reason that Acata offers bad credit loans via our partner lenders. We’re here to make it easier for you to get access to quick loans despite your credit score even when big banks, credit unions and traditional lenders will likely just turn you down. Our lender partners offer guaranteed approval on bad credit loan applications for borrowers that need quick access to extra funds.
If you’re planning on taking out loans Australia, it helps to know what steps you can take to improve your chances of getting a lender’s approval. Your credit score holds a lot of weight in a lender’s decision. Having a good idea where things stand as far as your credit standing will help you better assess your chances at loan approval and for how much you’ll likely get approved for. Also, this will give you an idea of whether there is a need for you to build your credit first before sending in a loan application. It also prevents you from sending out applications for loans you are not qualified for which are only going to damage your credit further due to how lenders will carry out a credit check each time. By checking your credit score, you can also keep your borrowing to figures that you know you won’t have a hard time repaying
Bad credit explained
A bad credit score can be due to past inability to cover your financial commitments. This can involve missed payments, late payments, and loan defaults among others. In some cases, the failure to meet the condition of your past debt agreement may be due to situations that are out of your control. Regardless, they will still be reflected on your credit history and will usually stay there for several years. It can have a lasting effect on your credit history and can significantly pull your score down. When checked by potential lenders as part of their assessment process when evaluating a loan application, they can be viewed negatively which places you in a position as an unreliable borrower which could lead to rejection of your bad debt loan application. If you’re one of those whose credit score is bad due to circumstances that are not of your own doing, this makes the whole situation feel even more unfair.
When determining your credit score, there will be values assigned to your credit score to determine whether it is excellent, good, fair or bad. Scores could range from 0-1200 and a good credit is anything above 620. Ideally, you want your credit score to be higher than that to avoid unnecessary hassles when taking out a loan. The lower your number, the harder it will be for you to take out a loan.
What can Acata do for bad credit borrowers?
The loans available via the Acata platform will be offered based on what your current financial circumstances are instead of on your credit score. This means that the lenders that we have partnered with will be more concerned over your present relationship with money instead of being hung up on what your credit says. This is the reason that they have no issues offering personal loans to bad credit borrowers.
We can potentially offer no credit check loans for bad credit borrowers provided that they are in a position to afford the repayments involved in $2000-$5000 loans. The advanced online application system we have put in place will allow you to complete the whole process within a few minutes. Approval of the loan should soon after. If guaranteed approval loans for bad credit borrowers are what you’re looking for, then there is no better place to get one.
If your credit history is less than perfect, consider taking out a loan via the Acata platform today. We have friendly advisers that will be more than happy to assist you through the whole process and will ensure that you are paired with the right lenders that will offer you the specific type of loan to meet your present financial needs.
How do I apply?
If you’re interested in signing up for a bad credit loan, make sure to meet the following qualifications:
- You’re over 18 years old
- You’re a valid visa holder or permanent resident of Australia
- You are regularly employed and have been receiving your income into your bank account for the past 90 days
- You are the registered owner of a vehicle
The application process at Acata should only take you a few minutes to complete. We have a team of specialists that are tasked with getting your loan assessed quickly to ensure that we can provide you with an outcome fast. In addition, our system is encrypted and secure so you can be assured that the personal and financial details you share with us will be equally safe as well.
What sets Acata apart?
There are a number of ways that sets us apart from the rest of the lender locators out there:
- Compared to banks and other traditional lenders, we will not require a ton of paperwork from our borrowers.
- We have a fairly simple and streamlined 100% online application process.
- You will only need to provide us a few details during the application process to make it less cumbersome, including your banking statements for the past 3 months of your bank statements
- Approval is fast and will usually be handed within 60 minutes from the time you have submitted the application, provided that you have provided us with all the information needed to assess and verify your loan application.
Understanding the bad credit loan process
At Acata, we take pride in simplifying things and making it more convenient for our consumers. With our system, applying for a bad credit loan online is going to be a breeze.
Below are the steps you need to go through when taking out a loan via our 100% online platform:
- Complete the online application process by filling out the form. This can be done on your tablet or your computer. It shouldn’t take you more than a few minutes to complete the application.
- Loan approval should only take about 1 hour. As long as you have made sure that you provided us with accurate and complete information when submitting the form, then you should expect a decision to arrive fast.
- Once your loan gets the thumbs up from our partner lender, the loan contract will be emailed to you. Make sure to review the contract and understand the terms involved. Once you’re happy with all the details involved, just affix your digital signature and send it back, the lender will then start the process of transferring the funds to your bank account.
Responsible lending practices
Acata works with responsible lenders. You can be assured that the lenders within our network are only those who have been known to follow proper lending practices. These credit providers will see to it that your loan application is carefully reviewed to ensure that they will only offer you an amount that you can afford to pay back comfortably we will cash loans without credit checks
All the information you need to know about the loan you are taking out will be on the loan offer. Our lenders are always upfront about these charges so there won’t be any hidden or surprise charges involved.
To aid the digital loan assessment system we use, we also have a team of human loan specialists to double and triple check your application and the details you have shared with us before forwarding them to our lender partners.
- Help your finances get back on the right track
- Make online loan application easy, accessible and hassle-free
- Help you get access to cash, especially during those emergency moments
- Approve and fund the loan within 1 business day as much as possible
- Arrange reliable and on-time repayments
- Ensure that your details are safe and encrypted via our secure online platform