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Small Cash Loans from $200 to $2,000 paid within 60 minutes
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Small Cash Loans from $200 to $2,000 paid within 60 minutes
Your personal credit report holds important information about your borrowing history that banks and lenders use to determine whether they can lend to you. Put simply, a bad credit history can limit your borrowing options throughout your life, meaning you won’t get the loan you need when you need it, and ultimately pay more interest than you need to. Remember, it’s your money. At Cash Direct we know what lenders look for and can help you understand and possibly improve your bad credit over time to give you more borrowing options in the future. Ultimately that will mean getting the best loan when you need it and paying lower interest and repayments in comparison to a higher interest rate loan with a bad credit history. We all know that applying for loans can be time consuming and a stress in life, so why not start that process in the best shape you can put yourself in. You should also know that the more times you apply for loans, the worse your credit history will look to a potential lender. At Cash Direct, once we understand your personal credit history, borrowing needs and circumstances – as a responsible lender we can then help you consider the best options to borrow money that suits your needs and budget. You should also know that improving your bad credit is often very straight forward and can save you a lot of money over time.
The credit score represents a sort of score of your credit history and is what lenders will use to assess the risk of lending to you. If you default on a loan, or even utility bill like phone, gas, electricity, it can all have a major negative impact on your credit score and impact your ability to borrow in the future. You should always avoid this, but when it happens, ask for some time and enter a repayment plan to make good on that debt. That will improve your long-term credit score as lenders will see that you have a paid status on a recorded default.
Yes. We are always happy to discuss the situation that led to a bad credit situation. If we can be comfortable with that situation, and you can demonstrate an ability to make your repayments on a loan now, we can explore helping you with a bad credit loan to get you back on your feet.
Need a loan and concerned, take a few minutes to apply online now and find out if we can help.
For our Small Loans of $2,000 or less, an APR (Annual Percentage Rate) doesn’t apply. These are fee-based only, and so they don’t have an APR. The establishment fee is 20% of the amount borrowed and the monthly fee is 4% of the amount borrowed.
For example, a loan of $1,000 repaid over 4 months equates to a total payable of $1,360. This is comprised of $1,000
principal (the amount borrowed), $200 establishment fee, and a total of $160 in monthly fees.
For our Medium Loans between $2,001 and $5,000. The base interest rate may vary depending on the loan product. The maximum rate we use is 48% and an Establishment Fee of $400.
Terms for our Small Loans are up to 3-12 months, and for our Medium loans, it is 3-24 months. With each, you can
repay your loan any time without being charged additional fees, and it will reduce your interest and fee cost overall.
Cash Direct Pty Ltd (ACN: 129 259 605; Australian Credit Licence 393862) is a specialist in providing cash loans to its customers when they need it
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