Happy young woman typing a message the phone after shopping

The Difference Between Risky & Smart Loans In Australia

November 26, 2018
, , Bad Credit Loans, Emergency Loans, Payday Loans

When you need a quick loan, it’s easy to jump online and find a sea of options to choose from. The thing is, there are loads of loan options out there are designed for specific circumstances. When you’re on the hunt for a smart loan in Australia, it helps to know a few of the most crucial financial ground rules that’ll let you separate the good from the bad.

In this article, we’re going over some of the most important things you need to look for when you’re searching for the perfect loan option. These are the key things you need to ask yourself:

 

Do you need the money right now or can you wait?

There are two forms of loan, short-term and long-term. Long-term loans are the conventional personal loan format that are commonly offered by banks and well known financial institutions.

They take a bit longer to apply for, usually span over years into the future, and the interest rate you receive is based on your credit history. If you need the cash right away to solve a really urgent issue,  a long-term loan isn’t the best option for you.

Short-term loans are much faster. They are designed to be paid back within weeks or months of you receiving the money. These short-term solutions are usually referred to as payday loans. The best advantage of a payday loan is speed.

At Cigno Loans, we offer to make payment within 24 hours of your application being approved. Need the funds today or tomorrow? Then this is the way to go.

 

What’s your credit score like?

If you have an amazing credit score, you’ll be able to access options like overdrafts and credit cards. It’s important to remember that credit cards, overdrafts, and payday loans usually have a similar cost range in terms of interest rates and fees, so it’s worth doing some looking around to find the best offers.

If you have a poor credit score, you won’t have easy access to a lot of financial products or credit purchases. Payday loans traditionally don’t include a credit check. So even if your credit history is really bad, you’ll have no problem getting a short-term loan as long as you can prove you earn a stable income from work.

The most important thing any payday loan provider is going to want to check is your monthly salary. At Cigno, we do this by asking to see your most recent bank statements. If it looks like you can afford the loan comfortably, we’ll be happy to help.

 

What do you need the loan for?    

Need the money for a really urgent situation? Then taking a payday loan is completely justified. Want the money to plan a big holiday? Then you shouldn’t really be using short-term financial products to fund it.

There are loads of ways to handle holidays that don’t cost too much, but the amount you spend isn’t the only problem – your ability to pay back within the next month is just as vital. The thing to remember with payday loans is that they’re designed to help you get through tough times, not pay for luxury pleasures.

When you take a conventional personal loan or credit card, once you’re approved for the money, you can do what you like with the funds provided. With short-term loans however, we like to be far more careful that you’re using the cash for something you absolutely need.

If you tell us that you’re looking to buy a new accessory for your car or a new bag, we’ll be forced to advise that you have a very careful rethink of your intentions and this will mean delays.

Some of the most common reasons we provide our loans include:

  • To repair damages to the house that compromise your safety and well being.
  • Repairs to cars that are vital for your travel to work.
  • Food and necessities for the rest of the month.

That’s it! These are the main things you should be asking yourself when you’re looking for a smart loan in Australia. When you’re low on cash, and need a quick injection of funds to make it to your next payday, a short-term loan is your best bet. Have more time and want a larger amount of money to do something more special? Then you have the freedom to look for long-term personal loans from established providers.  

The Difference Between Risky & Smart Loans In Australia

Click To Tweet

Read more about bad payday loans here, or in our previous blog post: Why No Fuss Payday loans Are Rising In Popularity

female manager using cell telephone in office interior

Vital Factors To Look For When Searching For Fast Loans

November 12, 2018
, , , Payday Loans

When you’re running low on cash, one of the most convenient things you can do is search for a fast loan that gives you the amount you need to get you to your next payday. In this article, we’re going over some of the most important things you need to keep in mind while you chase down your best loan options. Check out these pointers to keep your head above water and give yourself the best chance of landing a rapid loan from the right source.

 

Not all fast loans companies are the same

A lot of people might think short-term companies all do exactly the same thing, so once you’ve found one, you’re done. If this were the case, there would only be one company monopolising the whole market, as nobody would see the point in competing. In reality, all fast loans companies offer packages that slightly vary in a variety of ways.

One example of how loan providers can differ might be in their cash limits. At Cigno Loans, we offer loans up to $500. Some companies will offer more, some less. It’s important to remember that you should never aim to take as much as you can when it comes to short-term loans. Fast loans are designed to be paid back as soon as possible. So taking more than you need could prove more costly than necessary.

It’s always a very good idea to look around when hunting for a fast loan. Weigh up policies, limits, and whether or not you like the look of each companies testimonials and contact information. Don’t dive in! You might regret it later.  

 

The speed of payout

If you’re caught in a real pickle, you might not have time to wait for a credit card or long-term loan. Fast loans can usually be paid within a day, but you’ll need to keep any eye out for companies that claim they can do it much faster. If the offer is too good to be true, it usually is.

At Cigno, we promise to have the money paid to you within 24 hours. This is the fastest time you should realistically expect from any reputable short-term loans company. You might come across some websites that promise to have the money paid to you within minutes. Be very careful with these options, as they’re likely not handling things as thoroughly as they should be.

We bypass the credit check to make our payouts as swift as possible. The only reason our process takes hours is because we like to be very sure that you can afford to pay for the amount you’re applying to take. Without this process, we’d be handing out loans blindly and this wouldn’t do anyone any good. Want to play it safe? Pick wisely by sticking to market leaders that come highly recommended.

 

Don’t take limits that will tempt you to spend

One of the most powerful tactics that credit cards use to draw you in is to offer you huge limits that are totally unnecessary. If you find yourself constantly falling short on cash, the last thing you need is a piece of plastic in your pocket that’ll let you buy anything you want with a flick.

One of the most simple ways to save money is to remove yourself from temptation, avoid using large limit credit cards, and reign in your spending as much as possible. Anyone who’s ever worked hard to build their credit score back up will tell you – the first thing credit card companies do when they see that you’re managing your credit more sensibly, is to offer you a huge new card.

These are some of the most important things you need to keep in mind when looking for fast loans online. Sometimes, the safest bet is to go with an established company with a proven record in providing great quality service. Customer care is one aspect we take very seriously at Cigno, as we know people look for reliability and professionalism above all else when it really matters.

We hope this quick list of pointers has helped! Feel free to get on touch if you have any other questions regarding fast loans or fast finance!      

Vital Factors To Look For When Searching For Fast Loans

Click To Tweet

Read more about fast loans here, or in our previous blog post: 4 Things You’ve Heard About Fast Loans That Are Unfounded

short term loans cigno loans, Pay by credit card

Common Myths People Believe About Short-Term Loans

November 5, 2018
, , Emergency Loans, Payday Loans, Short Term Loans

Think you’ve heard everything you need to know about short-term loans? In this quick article, we’re busting down some of the most common misconceptions about these kinds of short-term cash solutions (also known as payday loans). Have a quick read through and see if any of these less-known truths tells you something you didn’t know. We’ll start with one of the most common myths out there:

 

Myth 1: Payday loans are designed to trap people into debt

Nothing could be further from the truth. It doesn’t do anyone any good when a loan is defaulted. If anyone ever tells you it’s possible to survive in finance by handing out money to people that can’t afford to pay it back, they haven’t really thought it through. At Cigno Loans, our main aim is to help people out when they need it most.

The first thing we look for is proof that the applicant earns more than enough to afford the loan they’re applying for. Any reputable payday loans company will do the same because they know the only way to succeed in this industry now is to provide a helpful service, look after the needs of loyal customers, and concentrate on ensuring every loan is completed without difficulty.

 

Myth 2: Short-term loans include loads of hidden fees

Ours certainly don’t! Again, if we bombarded you with piles of hidden fees on your first loan from us, would you come back to us the next time you needed help? Absolutely not! We like to make our fees and interest rate perfectly clear when we send you our loan offers. This ensures the customer knows all the important details upfront, can make a clear decision, and enjoys a surprise-free experience.

Imagine you owned a loans company. You know that the cost of living is already going up as it is, and people are needing reliable fast cash loans now more than ever. Think it would be a good idea to fill your policies with loads of hidden traps that hurt your customers? No, we don’t either. We absolutely believe in being as forthcoming with information as we can throughout the process. Tricky deals don’t cut it anymore. We hate them just as much as you do, so we avoid them as much as we can!

 

Myth 3: Payday loans are for gamblers and the unemployed

We actually always advise against the use of payday loans for anything that isn’t a necessary purchase. Gambling is certainly one of the most dangerous ways to use the money from a short-term loan. People on very low or no income don’t make it past our application process unless they are receiving a steady income from welfare services like Centrelink.     

If you tell us you need the loan to buy new personal items like necessary shopping sprees, holidays, or home improvements, we’ll always remind you that payday loans are only suitable for emergencies. Need to replace the boiler or don’t have enough to buy groceries for the next couple of weeks? These are the kinds of situations we’d be more than happy to help with.

Myth 4: Short-term loans companies jump at the chance to apply late fees

Some loans companies can be. Just like with all credit cards, payday loans are designed to be paid back as soon as possible, so if you miss your repayment dates, late fees are supposed to be applied. At Cigno, we like to take a far more progressive approach to late payments.

The main thing we want to do is help ensure your loan experience is a good one. Get in touch with us as soon as you think you might be late paying and we’ll do everything we can to help rearrange your repayment schedule to suit your needs.

The worst thing you can do is ignore your repayments and then ignore contact with your loan provider. This is a sure way to end up owing more than necessary. The very best thing you can do is communicate with us as early as possible so that we can work with you to find a resolution.

These are 4 of the biggest myths out there surrounding payday loans. We hope this quick list has helped reshape your thoughts on these short-term, fast payout cash solutions.

Common Myths People Believe About Short-term Loans

Click To Tweet

Read more about no credit check loans here, or in our previous blog post: 7 Common Reasons for Short Term Cash Advance Loans

Cutting a credit card suggesting bankruptcy problems

Common Barriers To Loans With No Credit Check

October 29, 2018
, Bad Credit Loans, Payday Loans 2

When you’re looking for a loan with bad credit, there are certain things you need to be aware of so that you don’t apply to the wrong places, waste your time, and damage your credit rating even further. In this post, we’re taking a look at some of the most common factors that prevent borrowers actually achieving a loan with no credit check. Read through these so that you have an understanding of the right loan products to chase and give yourself the best chance of being approved first time.

We’ll start with:

 

Unsteady income

At Cigno Loans, we specialise in short-term payday loans. These are loans with no credit check because they are designed to be paid to your account as quickly as possible. Credit checks take time, so when you need to act fast, you need a loan that doesn’t include this time sapping process.

Because we don’t run credit checks, we need to be sure that you can afford the loan we’re giving you. To do this, we check your current income. If your current income isn’t high or consistent enough, we’ll be forced to offer you a lower amount or refuse your application entirely. This dynamic will work exactly the same way with any payday loan provider.

You need to make sure you have recent bank statements that clearly show you’re earning a steady salary from work. Have this to hand when you apply along with your ID and you’ll have a great chance at being approved without delay.

 

Wanting the loan for the wrong reasons

Payday loans are for emergencies. They should never be used to buy things you don’t need or to have a good time. If you put down in your application that you want the money to get yourself a nice new wardrobe for the summer, your application will be delayed or refused.

When you find yourself constantly struggling to make ends meet, saving on variable costs like bills and weekly shopping is one of the best ways to improve your situation. When a cost comes up that can’t be ignored and you don’t have the cash to cover it, that’s when a payday loan can be very handy.

Need the money to buy a new TV or car? Then forget it. Tell us you need the funds to repair your boiler, buy food for the month or any other necessity and we’ll do our best to help. The fastest way to be refused a payday loan is to admit that you want the money for investments or gambling. You might have heard others brag about the money they’ve made using payday loans for seed money, but it’s just not what these loans are made for.   

If you need to make extra money on the side, you’re best bet is to find a part time job, sell things around the house that you no longer use or consider cutting back on luxury services that you no longer need.

 

Not having ID that’s up to date

When’s the last time you checked whether your passport or driving licence is expired. If it’s been a while, you should double check before you start your loan search. All payday loan providers will ask for official government identification that’s in date and clearly shows your current address. If yours is expired, you’ll need to get it renewed before you can apply.

At Cigno, we aim to process loans within 24 hours of your application. Many of our customers need instant cash paid out so that they can settle urgent costs as soon as possible. If there’s any reason your application cannot be completed, we’ll get back to you as soon as we can to let you know what’s holding us back.

There they are! These are the most common issues that people tend to come across when trying to apply for a loan with no credit check. Bad credit is certainly a limitation, but there are always ways to get your score back up to good levels. The absolute best way to recover your score is to make sure you pay all your credit debts as quickly as possible. We help you do this with handy notifications to your phone to remind you of your upcoming payment dates.

Common Barriers To Loans With No Credit Check

Click To Tweet

Read more about no credit check loans here, or in our previous blog post: Can I Get Fast Cash Loans With Bad Credit?

Online Loans Australia Cigno

3 Big Threats To Avoid When Looking For An Online Loan

October 26, 2018
, Bad Credit Loans, Payday Loans, Short Term Loans 1

 

The rise of the internet has made a lot of things easier. When you’re short on cash, one of the first things you’ll likely do is have a quick search for an online loan using your phone of any other device. The thing is, the internet is full of options, both good and bad. In this article, we’re highlighting 3 huge threats you need to look out for when you’re on the hunt for an online loan.

Here we go!

 

No physical address

Whenever you deal with anyone whether it’s online or not, you need to know where they’re based and that they are a real company. You’re bound to come across at least one or two online loan companies that claim to offer dependable services but don’t actually have a physical address. This should be one of the first things you look for when you enter any website.

At Cigno Loans, we know how important it is provide customers outstanding customer service, especially when they need it most. This is why we offer our contact details and actual address so clearly on our website. What do you think it actually means when an online business doesn’t show you any contact details or a real address? It means they don’t have a base, it probably isn’t a robust team of professionals, and they definitely won’t have a dedicated team that’s on hand to help as needed. Don’t take the risk! Avoid these types of companies completely.

 

Payment upfront

This is a really cheeky one! There’s such a thing as a secured credit card, which requires a deposit payment made upfront, but an upfront cost for a loan is something else entirely. Credit checks are an important part of modern living and it’s common for people now to buy too much and overspend especially using credit cards. Even if your credit score is really bad, you still should never need to pay upfront costs to receive a cash loan.

At Cigno, we definitely never ask customers to pay anything upfront and we don’t check credit history either. The most important thing we need to see is your most recent bank statements. If you do consider an online loan with some kind of deposit structure, make sure it’s from a market leading company that comes highly reviewed by a mix of the largest financial advice resources out there. Taking a deal like this from an unknown brand is far too risky to even consider.

 

Companies that guarantee approval

There’s no such thing as guaranteed approval for any financial product. Any credible company will have some form of assessment for you to complete. A finance product that guarantees approval is like a doctors that guarantees to fix any and all afflictions under the sun – it’s just not feasible.

Our criteria is very simple. We need to see that borrowers are able to make the repayments that’ll come with their loan amount, and the best way to do this is by checking your monthly income. It’s in our best interest to make sure you can afford the loan you’re applying for. If someone doesn’t need to see any proof of your ability to repay, it basically means they have no interest in making sure the loan is appropriate for you. There’s only really one phrase that accurately describes these kinds of offers – “click bait”.    

There you have it! These are the three biggest threats when looking for a loan online. Strapped for cash? It’s always a good idea to watch the pennies, but there are certain circumstances where buying cheap or going for the most attractive options isn’t necessarily the best answer. The online environment makes it super easy to apply for loans, but you still need to protect yourself from scams.

Our online application process is designed to be as easy to complete and forthcoming with information as possible. We don’t believe in hiding facts away and absolutely want you to be 100% confident that you understand all the agreement details before you decide to accept the loan.

We hope this quick list has helped! Think we’ve missed anything? Feel free to get in touch or leave your ideas in the comments!  

 

3 Big Threats To Avoid When Looking For An Online Loan

Click To Tweet

 

Read more about online loans with instant approval here, or in our recent blog post: Where To Get Online Loans With Instant Approval In Australia

financial plan and budget

Centrelink Loans – Where To Find Them And How To Apply

October 22, 2018
, Payday Loans 2

You don’t need to be earning a major salary to access loans anymore. Today, more and more people are turning to quick payday loans when they’re short on cash and need instant support. Even citizens receiving welfare are able to apply for fast Centrelink loans that can be paid to your account within 24 hours. Here, we’re going to explain how these loan work and where to find them. If you’re in dire need of some urgent cash, this option could be a great solution for you.

First, let’s start with:

 

What exactly is a payday loan?

Short-term payday loans are our prime finance product at Cigno Loans. These loans are not like standard personal loans. When you apply for a standard loan, the loan term will be for years, the process will take ages, and your credit score will be checked before anything else. Payday loans are designed specifically to help people who are in urgent need of cash without delay. For this reason they are paid out as soon as possible and need to be repaid within the coming weeks or months.

We all aspire to be more careful with our money, but every now and then, things can just go wrong unexpectedly. This is exactly when a payday loan can prove to be the most practical option available to you.

 

Who can take a payday loan?

As payday loans need to be such a fast response solution, they bypass the credit check. This saves huge amounts of processing time and allows the money to be paid out to you much faster. Instead of a credit check, payday loans companies will always need to see proof that you earn enough money to afford the loan. This usually means assessing your latest bank details.  

You need a consistent income to be approved for a fast short-term loan. That doesn’t mean you need to be earning a solid salary to be eligible. Most people on Centrelink will have the income necessary to apply for payday loan. At Cigno, we definitely have a open minded approach to our loan services and are prepared to consider anyone who finds themselves struggling to meet their immediate costs.

 

What are the advantages of a payday loan?    

If you’re in need of a Centrelink loan, the odds are, your credit score might not be in the best condition. Payday loans are not based on your credit rating, so they’re accessible to those with poor credit. A lot of people have had bad habits with cash at some point in their lives. It’s easier now more than ever to spend more than you earn. If you need money quickly and all other lines of credit are closed to you, a payday loan could still be your last remaining reliable source of financial support.  

Another advantage is the fact that these loans can be applied for online quickly and easily. No need for lengthy meetings and waiting around. You can jump onto Cigno’s website and get your application going any time of the day 24/7. We’ll always do our best to process your application as soon as we get back into the office. Almost all approved applications receive their money within hours.

Payday loans are paid straight to your bank account, which is safe and convenient. There’s no need to go anywhere to sign anything, you won’t be holding the cash in hand at any point, and the transfer takes seconds once it’s initiated.

 

What do you need to apply?

The most important documents you need to complete your application are your most recent bank statements and your ID. As long as you have these two key pieces of information we’ll be able to assess your situation and make you an offer. Your Centrelink loan will be clearly outlined in our offer so that you can look over the details before making the final decision to accept or not.

As soon as you sign the offer and send it back to us, the agreement will be binding. The most important thing to do with these loans is to ensure you make the repayments exactly as agreed using your next Centrelink payments. Fail to pay and your account may escalate with dishonour fees. If you fall into trouble, the best thing to do is contact us as soon as you can. We’ll do our best to help as much as we can and might be able to reschedule your repayment dates to suit your needs much better.

Centrelink Loans – Where To Find Them And How To Apply

Click To Tweet

Read more about Centrelink loans here, or in our previous blog post: Centrelink Loans – How To Get Cash Funding While On Benefits

Cash Loans With No Credit Check – How Do They Work?

October 8, 2018
, Bad Credit Loans, Payday Loans 1

Cash loans can be very helpful in situations where you’re running low on money and need funds fast. In this article, we’re going to explain some of the factors that make cash loans with no credit check so well suited to those in desperate financial circumstances. Heard about payday loans before and want to learn more? Have a look through this overview to see if this might be an appropriate solution for you. We’ll start with:

 

What is a payday loan?

Payday loans are the core solution we focus on at Cigno Loans. These loans are designed to bring customers fast payouts so that they can use the money to address their situations as soon as possible. The funds are paid straight to your account and you are expected to pay back what you owe using your next payment from work.

 

When do people tend to use payday loans?

Payday loans are intended to help you with urgent circumstances. You might have spent too much this month and run out of cash for essentials or an urgent cost might have come up in the form of a housing or vehicle repair. There are loans of reasons someone might consider a payday loan to be their best route. If you need the funds right away and don’t have access to a credit card or people that can loan you the cash you require, a payday loan could be the most practical option for you.    

 

Why don’t these loans require credit checks?

Normal loans require credit checks because the loan term is usually spread over years. Payday loans are meant to be paid back within weeks or months. Because they are short-term, a credit check is not as useful as checking your current income levels. As long as we can see that you are earning a consistent income, we’ll be confident in your ability to pay what you owe.

We never want to see anyone run into debts or money trouble, so we do all we can to ensure the process is handled as responsibly as possible. Once we have assessed your most recent bank statements, we’ll get back to you with an offer that we think fits your situation perfectly.

When your credit score is low, you might struggle to access typical lines of credit like credit cards and overdrafts. Thes types of product usually always involve a credit check. Sometimes applying can even damage your score further if you are refused. You won’t be refused for a payday loan as long as you are in gainful employment and can prove that your next payment from work will be enough to make repayments comfortably.   

 

How much can you get with a payday loan?

At Cigno, we offer loans up to $500 for first time borrowers. This is a sensible amount that should help you get through most cash shortage situations. The worst thing you can do with a payday loan is take more than you need or more than you know you’ll be able to pay back without any problems.

This amount can go up if we can see you have a history of borrowing from us without issues. Make sure everything goes well with your first loan and we’ll be happy to continue helping you when you need a fast injection of urgent cash in future.

Managing your money effectively is hugely important if you want to avoid constantly reaching the limits of your monthly budget. We never advise people to use cash loans with no credit check to buy things they don’t need. Missing payments can seriously impact your credit history as well as land you the kind of penalties most people would expect from all forms of unsecured credit, be it credit cards, overdrafts or payday loans. When you take these financial solutions, you must be sure you have a solid plan to pay back what you owe exactly as agreed in your terms.

That’s it! That is our basic break down of cash loans with no credit check and how they work. Need more advice? Feel free to get in touch with our team if you have any other questions about payday loans and we’ll do our best to provide as much information as we can.  

Cash Loans With No Credit Check – How Do They Work?

Click To Tweet

Read more about cash loans with no credit check, or check out our previous blog post: Why So Many People Prefer Loans With No Credit Check

financial management flat design illustration

4 Crucial Rules When Taking Quick Cash Loans

October 4, 2018
, Payday Loans 1

The popularity of quick cash loans, also known as payday loans, is rising. Why? Because when you’re low on cash, payday loans give you access to the amounts you need fast, hassle free, and straight to your bank account. In this post we want to highlight 4 very important rules all borrowers should follow when looking for one of these instant payout solutions. Let’s start with:

 

  1. Never take more than you need

One of the main problems that people tend to have when they borrow, is being tempted to take more than you actually need. This can lead to a growing circle of debt if you fail to manage your money correctly. At Cigno Loans, we always encourage our customers to borrow the minimum level of funding they require to cover only the most urgent costs. This helps ensure they protect themselves from being unable to make repayments comfortably.  

We offer up to $500 to new applicants. If you take the full $500 even though you only need $200 to get you through to your next payday, you’ll have the constant temptation to spend the extra $300 that you’ve borrowed. This is one of the most impactful ways that credit cards tend to pull people into trouble. If you’re walking around with a limit of $2000 in your pocket, it can be pretty hard to shop sensibly knowing the funds are right there and very easy to use.

When you apply for a quick cash loan, you can specify the exact amount you want to receive. This means you can avoid the issue of temptation by taking as little as possible.

 

  1. Borrow from trusted companies   

At Cigno, we’ve been offering payday loans successfully for years and have developed a reputation for great customer service and reliability. Many others in the quick cash loans market are less established and this means they can sometimes resort to making offers that are far too good to be true. If you’ve been using the web for some time, you probably already know the basics of identifying false claims when you see them.

Most people go with market leaders because they come with an element of safety. How can you tell if a loans company if going to be reliable? There are a few sensible indicators to rely on. Do they offer a great customer support service? Try contacting them. If they’re very responsive and helpful, it means they have a dedicated help team. You can also check testimonials and reviews online to see if others have had good experiences with them.

If a vendor is unresponsive and doesn’t have any sort of online presence in the form of reviews or customer references, they’re probably not worth going for, even if their offers are extremely attractive.  

 

  1. Make sure you intend to make repayments exactly as agreed

When you take a quick cash loan, you need to be sure you’re going to be in a great position financially to make the repayments on time. This is where budgeting and effective money management becomes crucial. The better you plan your expenses against your incomes, the better idea you’ll have of the level of funding you should be asking for.

There are a few ways people can make extra money on the side if you are frequently running short on cash month to month. Increasing your income even by a little is a great way to decrease your reliance on credit cards and borrowing.

 

  1. Use the money for urgent purchases only

Ask any of your friends and they’ll more than likely agree that it’s never a good idea to spend quick cash loans on expensive luxury items. It might be common for people to go on huge shopping sprees with credit cards and their overdrafts, but that doesn’t make it the right thing to do. Dodge leaving yourself in large piles of debt by only spending money that you’ve saved and can afford to expense.

There you go! Those are the 4 most important things you need to keep in mind while you’re looking for a quick cash loan. Avoid the threat of debt and poor service by making sure you have your budgets planned and you borrow from the most reliable sources. 

4 Crucial Rules When Taking Quick Cash Loans

Click To Tweet

Read more about quick cash loans here, or in our previous blog post: 4 Things You Should Never Do With A Cash Loan

financial plan and budget

Top Facts About Cash Loans For Bad Credit

October 2, 2018
, Bad Credit Loans, Payday Loans

You’ve run out cash and need a loan to make it to your next payday. Do you ask friends, apply for a new credit card or take a payday loan? If speed and avoiding a credit check are at the top of your priorities list, a payday loan could be your best move. In this post, we’re giving you our top facts about cash loans for bad credit ratings. Take a look at these vital points to make sure you pick the right course of action for your situation. We’ll begin with:

 

Cash loans are usually based on your income

Payday loan companies like Cigno Loans might not assess your credit score, but your income certainly plays a large role in the process. If your rating is low but you have a steady monthly income, you’ll certainly quality for a payday cash loan for bad credit. At Cigno, we try to have an open mind towards the needs of individual applicants rather than see everyone as a just a collection of digits.

We need to see that you can easily afford the loan you’re looking for. It would be terrible on our part if we gave out cash loans to people that are were not earning enough to pay for them. One of the fastest ways to land yourself in a deepening puddle of debt is to continue borrowing amounts that you cant afford. We do our best to avoid this by ensuring we remain very careful with who we accept.

As long as we can see in your most recent bank statements that you have a regular income, we’ll be able to make you a loan offer.   

 

Loans for bad credit pay much faster

We can all benefit from cutting down our spending and putting more effort into planning our days more carefully. Living a simpler life is not as tough as you’d think if you’re prepared to make a few sacrifices. The more we spend, the more risk we take in overstretching our incomes. When money is tight, speed becomes a pressing concern. This is why payday loans are designed to pay out very quickly.

Cash loans work for bad credit borrowers so well because they ditch the credit check. This is one of the main reasons they can be so fast. Credit checks take a lot of time to process properly. Our team doesn’t have to do them, so we can move on and get your application through the stages in double quick time. In most cases, we can ensure your loan is paid to your bank account within 24 hours of your application being approved.

As you can imagine, this kind of lightning speed is perfect for situations where you need the cash right away. If your car’s broken down or a pipe has burst in your house, you can’t exactly wait weeks to have it fixed. These are the exact circumstances where an immediate injection of the exact level of funding you need can be a real lifesaver.

 

Repaying what you owe is crucial in restoring your rating

However you choose to borrow, you should always aim to make repayments exactly as outlined in your agreement. Planning your day-to-day is a huge step towards taking control of your finances. Whether you chose to use a credit card or payday loan, making repayments on time is the best way to prove that you’re responsible with credit. This is the path to reducing your debt, increasing your credit score, and being able to access the best interest rates for large loans in future.

If you decide to take a payday loan, you have to make sure that you don’t miss repayments or fail to pay at all. This can have a very negative impact on your credit score. If your ambition is to raise your rating back up to stellar levels as soon as possible, the last thing you want to do is fail to successfully repay your loan on time.

Those are the top facts you should remember when looking for a cash loan with bad credit. Need more help? Feel free to leave a message in the comments or get in touch with our team for more advice.   

Top Facts About Cash Loans For Bad Credit

Click To Tweet

Read more about cash loans for bad credit here, or in our previous blog post: Centrelink Loans – How To Get Cash Funding While On Benefits

child with money

School Holiday Ideas That Won’t Cost The Earth

September 27, 2018
Budgeting, Payday Loans

Hooray! The kids are out of school and your days seem to be filled with more shouting, playing, and laughing than any other time of year. In this post, we’re letting you in on some our favourite holiday ideas that’ll keep the children busy and your wallet safe from destruction.

In recent years, our team at Cigno have seen a spike in the amount of school holiday loans we’ve had to help people with, so we know all about the financial pressure that a lot of parents will be feeling over the coming weeks. Have a look through these quick ideas to keep things under control. If you are experiencing financial need, feel free to apply for a school holiday loan.    

 

Community events

Check out your local community calendar (often put up by your local council) and take the gang to the nearest community days being held. These kinds of events can include sports days, festivals, and interesting one-offs, all of which should be free to join. When money is tight, the last thing you’re going to feel like doing is going out on a spending spree with your credit cards and cash in hand. Community days are vibrant, all-day events that usually contribute to some form of great cause.

 

Check out new podcasts for kids

Don’t fancy going out? Save money by staying in instead! Podcasts are great because there are loads of publishers releasing great child friendly entries that are free to listen to. They’ll be kept calm and peaceful for hours while safe and potentially learning from a wealth of valuable content.

Podcasts are usually always either filled with easily digestible lessons or are wildly entertaining. This one’s a life saver if you’ve had enough of hysteria and want a solid hour or two to unwind.   

One of the best ways to save on your monthly costs is to cut back on pricey groceries. Take the kids out and they’ll likely be harassing you every time you pass something sweet looking. Keep them in for some great listening and you’ll steer clear of tempting treats.

 

Bake something

Of all the constructive things you could do in the house, baking is perhaps one of the easiest to control in terms of spending limits. Bake bread and you’ll be pleasantly surprised with how affordable all the ingredients are. You could even save youself a pretty penny by baking a large batch and freezing the excess for future meals. Things might get messy, but that’s half the fun!

 

Make a homemade movie

If you’ve already got a camera or a smartphone, why not play hollywood and get the gang to create a fun stab at a homemade movie. It’s absorbing, free if you already have the camera, and can serve as a great creative project. You don’t have to take out a personal loan to fund a production value masterpiece. Get the kids to write a script, cut out any overly elaborate parts, and get filming. Before you know it, the day will be spent and you’ll have a piece of film to tuck away in your album collection.  

 

Museum trips!

Not only are museums great if you’re low on cash, they’re educational too! Most large museums are free to enter and include collections large enough to keep your little learners occupied for most of the day. Bring a packed lunch to land extra savings!

Most indoor activities will cost you a small fortune for the whole family, so a museums a great option if you think you might struggle to make it to your next payday.   

That’s it! These are the main ways you can avoid falling into mountains of debt while keeping the kids well and truly entertained during this school break. The most important thing is to pick activities that are both easy to economise and give the kids something to be excited about. Even if it’s free, simple games you can play in an open field will only last so long.

At this time of year, it can seem hard to keep on top of your finances. At Cigno, we do all we can to provide school holiday loans that fit your budget and individual circumstances. You can apply online, pick the exact school holiday loan amount amount you need, and have the funds paid to your account within hours of your approval. 

School Holiday Ideas That Won’t Cost The Earth

Click To Tweet

Read more about our school holiday loan products here, or in our previous blog post: Where To Get Online Loans With Instant Approval In Australia

1 2 3 4 5