How to Get Fast Bad Credit Loans

By Angela Monroe - October 24, 2018

Getting a loan approved quickly isn’t easy, especially if you have bad credit

If you have bad credit, you may find it frustrating trying to get loans approved by banks and lenders. It seems even more difficult when you need to get a loan with fast approval. Don’t panic – we work with specialist lenders who understand the need for fast bad credit loans and can help you where others can’t.

Here are a few things you can do to speed up your application:

  • Make sure you have proof of employment
  • Get your recent payslips organised
  • Organise your other supporting documents
  • Demonstrate you can repay the loan by making a budget

Getting a fast bad credit loan is certainly possible. Whether you’re looking for fast approval on a car loan, personal loan, or any other type of credit loan, speak to us today to find out how we can help you.

What is a fast bad credit loan?

Bad credit loans often help to fund personal expenses – such as unexpected medical bills, house repairs or temporary issues with cash flow. If you’re applying for a loan with bad credit, you often need to get the cash as soon as possible. This means that fast approval is really helpful in getting you back on track and ensuring that your bad credit loan is approved as quickly as possible.

Finding the right lender for your fast bad credit loan is essential. Needing fast approval shows a lender that you need to get the loan sorted as soon as possible – unfortunately, this means that there are many lenders out there who will offer you a loan, but with very high interest rates and fees. You need to find the right lender who will be fair and helpful.

How can you get a fast bad credit loan?

The first thing you need to do is figure out exactly how much you need to borrow. Even if you’re in a rush to get a loan approval as quickly as possible, this isn’t something you want to rush. Carefully work out exactly how much you need and calculate whether you will realistically be able to pay this back in monthly instalments.

If you are confident that you can repay a fast bad credit loan, we can help you start the process. We’ll be able to save you time by quickly directing you to our wide range of lenders who all work with people who have bad credit. This could save you multiple rejections, which are not only frustrating but will also be recorded on your credit history, possibly damaging it further.

To help you get a fast bad credit loan, make sure you have all your documents ready to go, including:

  • Proof of income
  • Proof of address
  • Driver’s license
  • Comprehensive car insurance

Once the fast bad credit loan is approved, the funds will be transferred to your bank account and you’ll be able to use it for whatever you need.

Traps to avoid with fast bad credit loans

Unfortunately, there are a lot of lenders out there who will take advantage of your situation – they know that you have bad credit and may have been rejected by other lenders, and they also see that you need fast approval. Don’t be tempted to go for lenders offering no credit check loans or deals such as zero per cent finance.

You also need to be aware of interest rates and fees. These can often be incredibly high with fast bad credit loans. With bad credit, you’re often seen as higher risk to the lender, so you’ll be offered loans that have a high rate of interest and high fees compared to other borrowers. Interest rates and fees can really add up over the course of a loan so always make sure you’re getting the best deal in the long-term.

It’s essential that you ask for expert help to find the fast right bad credit loan for you. We can help you to save you time and money while giving you the peace of mind that you’ve made the right choice.

How to get the best interest rate for your fast bad credit loan

Ask the experts. It’s often tempting to research online but you’ll simply end up scrolling through endless comparison websites and you’ll be overwhelmed with information.

If you’re trying to get a bad credit loan with fast approval, time is important. Saving time means you can get your loan quicker and the way to do this is to ask for expert help. We’ve got years of experience working with thousands of people with bad credit. We understand the industry and our access to over 30 lenders means that we’ll be able to help you get the best rate for your loan.

How fast is a fast loan?

The approval time for your bad credit loan will vary due to a variety of factors including your individual situation, the loan amount, the lender and often factors such as the time of year or day of the week you make the application on.

Generally, you’ll have contact from us within 24 hours of making an enquiry and we’ll aim to get everything moving as soon as possible. Sometimes loans can take up to seven days but generally, you can expect smaller loan amounts to be in your bank account within 2-3 days.

Find out how we can help you with fast bad credit loans.

Angela Monroe
Angela Monroe is the Community Manager at The Positive Group, specialising in giving people the information that they need when they need it, and putting you on the path to a fair financial future. She has 8 years of experience in helping Australians find the right finance solutions, and regularly contributes articles to empower Australians with the knowledge they need to become financially healthy.

Comments

Karen Williams

October 26, 2018

I’m.really desperate for a loan and no one will.help me. I.have a friend in trouble and really need to help her out

Angela Monroe

October 29, 2018

Hi Karen,

We’d really like to help you out but we’ll need more information from your about your finances. Since this is sensitive information, if you fill out the form at https://loansforpeoplewithbadcredit.com.au/bad-credit-personal-loans/ instead I can have someone from our team call you up today to have a confidential, no obligation chat about your loan requirements.

Leave a comment.