paying off loans faster

How to Pay Off Loans Faster

October 8, 2021
, , Budgeting, Quick Loans, Short Term Loans

Is one of your financial goals for this year to pay off your loans faster? Here are some ways to do it effectively.

Getting rid of your debt sooner is vital because the longer you put off repayments, the more you’ll end up paying as interest continues to accrue on your outstanding loan balance. Also, if you get rid of your debt faster, there’s a chance to improve your credit score.

 

Tips to Paying Off Loans Quickly

When it comes to loan repayments, there are a few easy ways you may be able to deal with it sooner. In turn, it can reduce the overall amount you’ll have to pay.

Tackle how to pay off your loans quickly and start to live a debt-free life by trying these best practices.

 

Making Additional Payments

First, ask your lender about their repayment flexibility to avoid winding up being penalised for making additional payments. Check with your lender if they allow increased repayment at all and if it’s applicable to your loan type.

Usually, with variable-rate loans, you’ll be allowed to do so. Upping the amount you repay with a variable interest rate can lessen the interest you’ll be charged, which saves you money.

While most fixed-rate loans don’t allow making additional payments, there may be some that do. However, the amount that can be repaid early may be limited. Early repayment fees and early exit fees may also be included.

 

Changing Payment Frequency

For a bigger impact on your loan, increase the frequency of your payments. Generally, the more often you repay, the less interest you’ll have to pay off as interest is calculated daily.

Instead of monthly, you can switch to making fortnightly repayments, which make you pay your loan off quickly. In a year, there are 26 fortnights. You may pay off an extra two weeks without noticing a huge difference compared to monthly repayments.

 

Refinancing Current Loans

It’s good to always look out for better loan interest rates. With refinancing to a lower interest rate, you’ll have less monthly repayments. This can save you money over the course of the loan term.

Given you are in a healthy financial standing, you may be able to negotiate a better interest rate on your loan. In this event, keep doing the same repayments you were required so you can pay off your loan faster.

 

Paying Off Loans Faster Can Improve Credit Score

It’s good to improve your credit score. A trick to do this is to avoid late repayments at all costs. Or better yet, pay off your loans faster.

We know that payment history has a huge effect on anyone’s credit score. It’s better to have paid-off debts like old student loans on your record. This shows you were responsible in handling your debts.

This may take several weeks or months for the impact to show on your score. The sooner you start working on improving your credit, the sooner you’ll see results.

Talk to your lender to know your options. But, make sure it won’t increase your loan term and cost you extra fees.

For more general financial advice, visit the Cigno Loans blog, or contact us today about an easy and fuss-free loan.

A Beginner’s Guide to Applying for a Loan

June 30, 2020
Budgeting, Payday Loans, Short Term Loans, Small Loans

Applying for a loan is something most of us will do in our lives, but the first time applying for a loan can feel daunting.

What paperwork do you need for a loan? Are there requirements? Do you need someone else to co-sign a loan? These are all normal questions we all think of when first wondering how to apply for a loan.

That’s why we put together this handy guide to loans to make it all a little simpler.

 

Why You Might Apply for a Loan

The most common reason to apply for a loan is so you can make an investment now that will help you in the long run, but you don’t have the cash in hand. This could be anything from vehicle repairs, to home renovation, to covering education expenses.

You might also consider applying for a loan if you find yourself in a tricky position and you need some extra cash to keep afloat. For example, our Centrelink Loans and Loans for Unemployment are an option for anyone who has recently lost their job.

There are lots of different types of loans, so be sure you’re choosing the right one for your situation and your needs.

 

What You Need When Applying for a Loan

The first time applying for a loan can be confusing, especially if you can’t lean on someone else who has received a loan and can help you through it. Fortunately, all you need to get started with a Cigno Loan is:

  • Your name
  • Contact details
  • How much you want to borrow
  • What you’ll use the funds for
  • A recent bank statement.

If you ever need more help, just reach out to our Customer Service team.

Bigger loans with bigger banks will require a lot more from you when you apply with them and will likely require in-person meetings before you’re approved for a loan. In those cases, you’ll want to be prepared. Be ready to print off proof of your income (statements from your employer), bank statements, personal identification to prove you are who you claim to be (a driver’s licence, passport etc.), credit card statements, tax returns (if self-employed), current rent or mortgage statements, and an estimation of your current expenses. If you’re prepared with all that before you start applying, the application and approval process should go a lot faster.

It’s possible that the lender you speak to won’t need all this information, but being ready with it just in case will show your commitment and responsibility.

 

Paying Back a Loan

Most loans will let you pay back the lent amount with automatic payments. Some people may not like this, as they may forget the repayments are occurring and be surprised when the amount in their bank account is lower than expected.

However, automatic repayments are a good idea, because a lot of lenders will charge extra fees if you miss a repayment, so forgetfulness can be a big problem. Cigno will notify and remind you of your scheduled repayments, so you’ll never be caught off guard. Do your best to stay aware of your finances as you repay your loan. Make a budget and include the repayments in your budget to stay on top of your finances going forward.

Credit card in hand

Crucial Reasons To Get Your Cash Advance Online

December 10, 2018
, , Emergency Loans, Payday Loans, Short Term Loans 1

There are plenty of ways you can get a cash advance these days. In this article, we’re going to explain the top reasons why we think it’s best to get yours online. Whether you need the money to buy groceries or pay for crucial repairs around the the house, online loans promise speed and convenience above all else. Take a look through these definitive facts to see if getting your advance online seems like the right way to go. Let’s start with:

 

Online advances can be paid in hours

One of the most popular types of cash advance is a payday loan. This is the kind of short-term finance we offer at Cigno Loans. When you apply for one of these loans online, you can expect delivery of the money right into your account within 24 hours of your application being approved. In most cases, we can pay out the same day! This kind of speed can be essential when you’re in a tough situation, and being able to apply through our website makes the process so much easier.

 

Doing it online means no meetings or waiting lines

One of the worst things about going to the bank or a pawn shop, is having to wait in a line. When you apply online, there’s no such hassle. You can select the exact amount of money you need and get in touch with our dedicated customer service team if you have any questions at all. Instead of being an all day process, your application for an online cash advance can be addressed within minutes. In some cases, we can have the money reach you within hours.

When you try and get a loan or overdraft from the bank, you’ll no doubt have to set a meeting with whoever handles assessments and this can be a real time sapper. Payday loans are designed to be as fast and convenient as possible saving you from all the conventional horrors of getting a cash advance from a physical establishment.

Shopping for a good credit deal is never easy. Most banks and loan providers will almost certainly run you through a credit check as part of their application process. We don’t like the hassle of credit checks and we understand that a lot of people feel the same way, so we never use them as a form of assessment in our short-term loan process. We look at your current income instead as we know this is a much better way to check if you can definitely afford the amount you’re looking to borrow.  

 

Apply at night if needed

Most of us still work a 9-5 routine. That means showing up for meetings or taking lengthy calls during the day to get your loan can be a pain. With our online applications, you can get started on your loan application at any time. Whether you want to get on with it just before hitting the sack or really early in the morning, the option is there for you. Our team does work typical office hours, but we promise to jump on all applications as soon as we get in the next day!  

 

You can compare options easier online

One of the most crucial but also the most tedious facts about borrowing is having to weigh up options. When you get your cash advance online, you can weigh up your options with just a few clicks and page swaps. We’ve been in this business for quite some time now, so we know what separates the best providers from those that don’t survive. The best thing to look for is a solid company profile including a real business address, great customer reputation, and a very dedicated customer service team. Without these necessities, an unknown short-term loan provider could prove very risky to work with down the line.

 

Cut costs by doing it online

You’re probably in need of a cash advance because you’re already facing costs you can’t manage. Paying bills is often more expensive and harder now than it ever has been before. If you’re in a jam with money, the last thing you want is to have to spend more getting yourself from A to B. When you get your cash advance online, there’s no need to spend money on tickets, gas or parking, because you’re doing it all from the safety of your couch. The exact amount of money you need, paid to your account while you’re relaxing wherever you want to be – that’s exactly how it should be!

Crucial Reasons To Get Your Cash Advance Online

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

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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

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

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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

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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

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4 Things You’ve Heard About Fast Loans That Are Unfounded

September 25, 2018
, , Payday Loans, Short Term Loans 4

When you’re finding your usual monthly budget isn’t quite going as far as it needs to, a fast payday loan could be the best way to get you to your next payment from work. You’ve probably heard a whole bunch of things about these kinds of fast payout loans from friends or family and wondered what’s true and what’s not. In this post, Cigno are letting you in on 4 top rumours that are simply not true. We’ll start with:

  1. Short-term loans end up costing more than you borrow

You might have heard this one from a guy at the pub that’s had one too many. This isn’t how it works at all. At Cigno, we charge a fixed interest rate and show you all the charges that will apply to your account before you accept the loan. It’s true that the worst financial products out there try to hide fees as much as they can but that’s not how we like to do things.

For us, being upfront with our prices is the best way to do business. Spotting a scam in today’s online environment can be tricky, which is why we put so much effort into making everything as clear as day when it comes to our loan terms.

The only way you can ever be charged more than the amount you borrow for a loan is if you ignore your account way past your payment deadlines and refuse to respond to contact. Anyone claiming payday loans are a rip-off have probably experienced the consequences of failing to make payments on time.    

  1. Payday loans aren’t regulated

Every financial solution you ever take needs to be from a credible provider regulated by the Australian Securities and Investments Commission. Fast loans like payday solutions are no different. There might be swarms of dodgy vendors out there trying to offer you deals that are too good to be true, but it’s best to stick to the most reliable sources.  

  1. Payday loan companies try to make you pay late

It doesn’t benefit anyone when borrowers pay late. The most important thing to us is that we only lend to people that we can clearly see are able to afford the repayments. Payday loans companies only succeed when their customers borrow what they need and pay back right on time. In it’s our best interest for the loan to go as smoothly as possible, which is why we do all we can to help borrowers make repayments as planned by issuing notifications to remind them of upcoming deadlines.

Even if you have issues paying, we’ll work with you to make new arrangements so that you can settle your account without having major penalties applied to the amount you owe. We’d rather build great relationships with responsible borrowers, than spend all of our time chasing people that have no intentions of paying back.

  1. Payday loans are designed to rip people off

Nope. Actually our fast loans are designed to help people out when they need it most. Wealth isn’t always everyone’s path to happy living, but security and having a safety cushion can certainly make all the difference. If you don’t have a safety cushion fund and your budget is pushed to its limits, you might need a few dollars to get you through to your next payday.

That’s what a payday loan is really for. We’re not keen on helping people buy new watches, cars, or 50 inch TVs. We’re far more interested in providing people a means to access the emergency funds they need to cover urgent costs.

If you plan on spoiling youself with new stuff, it’s best to save up for it. If your survival and well-being is at steak, we’re here to help. Short-term loans are only suitable for those that really need the speed and practicality that come from having such a fast loan option.

Those are out 4 picks for now! There’s bound to more out there but these are some of the most common myths surrounding payday loans. If you need to apply for urgent funding, it’s important to only go ahead if you’re sure you really need the money as soon as possible. Think we’ve missed any? Feel free to let us know in the comments or get in touch.  

4 Things You’ve Heard About Fast Loans That Are Unfounded

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Read more about fast loans here, or in our previous blog post: 4 Ways To Get A Fast Cash Advance

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Where To Get Online Loans With Instant Approval In Australia

September 3, 2018
, , Payday Loans, Short Term Loans 6

When you’re looking for a loan that’s paid out as quickly as possible, you’re options can be pretty limited. In this piece, we’re pointing out the most ideal places to try and get an online loan with instant approval in Australia. Have a read through and see if any of these options sounds right for your situation.

A payday loan from Cigno

Short-term loans are our speciality at Cigno Loans. We understand that when you’re having a tough month, a quick payout loan could make all the difference. This is exactly why we’ve designed a system that allows you to apply online from wherever you want, get approved within hours, and have the funds in your account the same day.

We offer payday loans up to $500, which in most cases, is more than enough to get you to your next payday. These loans are very different to typical personal loans in a variety of ways. We don’t look at your credit score when deciding how much to offer you, so if yours is not in very good shape, you can still borrow from us.

All you need to apply for a payday loan online is your government issued ID and your most recent bank statements. With these, we will be able to assess your current level of income and offer you an amount that is perfectly appropriate for your circumstances. Even if you’re self employed, and used to being turned down by conventional loan providers, as long as we can see that you can afford to pay back the amount you’re borrowing, we’ll be happy to help you out.

Need more than $500? Then you need to contact us directly to explain your situation in more detail. We usually only offer larger amounts to customers who have borrowed from us without any issues in the past.       

Emergency overdrafts

Most bank accounts will come with these solutions already active, but the amount they allow can depend greatly on your current credit score, how you’ve handled your account in the past, and the type of current account you currently use. In some cases, it’s possible to contact your bank or apply for a quick overdraft limit online. Some providers will be able to extend your limit within days, but rarely will any bank be able to process your application within hours.

Remember that if your account allows you to be overdrawn, but you don’t have an overdraft limit currently arranged, the fees for such credit can be higher than you’d expect. In most cases, the charges are applied on a daily basis. If an overdraft is your prefered route, make sure you try to have one officially arranged before using the funds, otherwise you’ll incur these far more expensive “unarranged overdraft” fees without question.

Fast delivery credit cards

These are never going to arrive the same day you apply for them, but some credit cards may arrive within days if you get them from the most efficient providers. Just like all other forms of credit, you’ll need to have a seriously good credit score to achieve cards with much larger limits. You can have starter cards or those designed to build your credit history, but these will always come with the highest interest rates in the market. You can also consider secured credit cards, but then come with an upfront security deposit cost that might not be able to cover.

You have to do your shopping around to find the best deals. Such a competitive market means there are loads of options to choose from. Getting approved for a credit card might take longer than the other options described above, but once you have one, you’ll be able to use it over and over as long as you keep up with the repayments.

Those are our picks! We hope this quick list of ideas helps you. When you need an online loan with instant approval in Australia, the fastest way to get an fast injection of funds is with a payday loan. You can try other credit options if you have more time, but if you need the funds right away, a short-term loan could be the only way to access the money within hours.    

Where To Get Online Loans With Instant Approval In Australia

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Read more about online loans with instant approval here, or in our recent blog post: Common Requirements for Fast Cash Loans

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The Most Important Things To Avoid When Getting A Small Loan

August 14, 2018
Short Term Loans 1

When you only need a little bit of extra cash to make it through the month, a small loan can often become one of your most attractive options. In this article we’ll look at some of the things you need to look out for when weighing up your loan options. Have read through these pointers and give yourself the best chance of finding the perfect solution for your needs.

Don’t take more than you need

Taking more than you need is a good way to land yourself a higher cost that can easily be avoided. At Cigno Loans, the last thing we want is for our customers to get themselves into financial difficulty. Which is why we ask to see your latest bank statements when you apply for one of our short-term payday loans.

We always advise that borrowers take only what they absolutely need to cover their emergency costs. If you take $2000 when you only really need $200 to make it to your next payday, you’re asking for trouble. Things can always go wrong and the more you borrow, the more risk you’re under of failing to pay it back on time.

Check all terms carefully before signing the agreement

When you’re in a bit of a jam in terms of time and money, many people tend to act too quickly and jump at their first options. It’s always very important to look over the terms of your loan carefully, especially when taking a small short-term loan. These loans are designed to be paid back as soon a possible, so you need to be very sure you’ll have enough money when you next get paid by your employer to settle what you owe. Unlike a long-term larger personal loan, smaller and fast payout loans are based more your current income than on your previous history with credit.

This applies to all types of small loan, whether its a payday loan from Cigno, an emergency loan from a bank or a loan from a pawnbroker, you need to be sure you know exactly what charges are going to be applied in all circumstances. At Cigno, we know how important speed is when you need funds quickly, which is exactly why we do all we can to ensure our charges and interest rate is very clearly outlined for you throughout the process.

We know that this level of convenience makes all the difference to those who need finance as quickly and smoothly as possible, and we also appreciate how much it helps to prevent problems with prepayments down the line. The better your understanding of the terms and repayment structure, the more confident you’ll be in taking the amount that suits you best.

Don’t forget how important your current income is

The more careful we all are with money, the higher our disposable incomes are likely to be. With conventional loans, how much you earn and spend are seen by many loan providers as less important than your credit score. If your credit score is not that great, you might find it hard getting a loan from banks or other typical financial institutions. With small payday loans however, you’re level of income plays a much larger role.

It’s very important that when you search for a short-term loan, you have a very clear record of your most recent income levels. As long as we can see that you are in steady employment, we’ll be able to make you an offer for a very fast loan based on your affordability. Not so happy about letting others see your most recent bank statements? Then you’ll struggle to find a short-term loan company that will accept your application.

Do yourself a huge favour and have this information to hand before you start looking, this will ensure your search goes as smoothly as possible. You’ll also need your official photo ID. Even if you don’t think your latest statements show your level of disposable income to be that impressive, the most important thing for us is to be able to assess the level of finance we can provide. This process is impossible without these documents.

You can read more about small loans in our previous blog post: The Best Advantages Of Fast Cash Advances And How To Use Them

 

fast cash advances

The Best Advantages Of Fast Cash Advances And How To Use Them

August 6, 2018
Short Term Loans 8

Quick cash loans are a growing market in Australia. In this post, we want to highlight some of the key advantages of these short-term cash loans, especially for those in desperate need of finance immediately. Have a look through this list to see if a fast payout cash advance is an ideal solution for your situation.

Rapid same-day payouts

One of the key reasons everyone is jumping on these loans is because they’re so quick. Modern technology is put to very good use to ensure the application process can be completed easily online and if accepted, your funds could be available in your bank account within 24 hours.

This kind of speed makes these payday cash advance loans perfectly suited to those in very urgent financial difficulty. Has something gone wrong in the house or have you run out of money for the month? There’s no delay in delivery with a payday loan, so it’s a supremely effective quick fix to your problem. You get the money you need right now and you’ll pay it back as soon as you get your next payment from work.

You can have any amount you need

At Cigno Loans, we offer any amount up to $500. This flexibility means you can apply to borrow exactly what you need, and don’t have to worry about fitting into any precise brackets. Get the amount you need, as soon as you need it, that’s what we aim to deliver to each and every applicant that is accepted.  

We remind you when it’s time for a repayment

When your next repayment is coming up, we like to remind our customers via text. It’s little helpful additions like this that help to ensure the service runs smoothly and so that you can keep a very good handle on what’s going in and out of your account. One of the best ways to achieve a simpler form of living with better control over your monthly costs is to remain as organised as possible. We encourage this openly and want to help in any way we can.

You can get a payday loan with a bad credit score

Have a poor credit history? It’s not the end of the road! We care more about your current employment and level of income than we do about credit reports. We use a service called Credit Sense that gives us access to your account details with your permission. With this system, we can make a decision on how much we are able to lend you within minutes. Typically, a loan involves waiting days or weeks for a response. We don’t want you to wait that long and understand that every day is precious when you’re in a pinch.

Apply online 24/7

You can apply for a cash advance from Cigno Loans online 24/7. Whether you’re at work, or away from home for a trip, as long as you have access to our website, you can have a loan sent straight to your account within a day. Most conventional loan providers often need you to show up to a meeting to submit your application. Fast short-terms loans are far more convenient and accessible than they have ever been before.

Your loan limit can increase over time

This may not be the case with everyone in the market, but at Cigno, we like to reward responsible borrowers. If everything goes well with your first loan and you make all payments on time just as agreed, this can go a long way in ensuring you can borrow from us in future. We might also be able to offer you higher than our standard $500 loans if you ever need a larger amount.

There are always going to be a huge list of benefits to taking up effective money management techniques. One of the best ways to stop increasing the amount you owe is to stop spending on things you don’t need, so that you can effectively make repayments. We work closely with customers that are experiencing difficulty and do what we can to find helpful resolutions to different circumstances. The best thing to do when you think you might miss payments is to get in touch with us as soon as you can. The sooner you let us know your situation, the more we’ll be able to help.

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How To Get Cash Loans Fast Without A Bank

July 24, 2018
, Emergency Loans, Payday Loans, Short Term Loans 4

Need cash right away but don’t want to deal with a bank? We don’t blame you! At Cigno Loans, we know just how frustrating it can be when you’re trying to get a standard loan or overdraft in a hurry. In this article, we’re highlighting the best reasons to consider a payday loan when you’re in a tight spot and need a little help securing a fast cash loan without a bank. Have read through and find out why these loans are becoming so popular. Let’s start with:

Payday loans don’t require a good credit history

If you’ve had bad luck with other loans, credit cards, or late payments in the past, it won’t hurt your chances of getting a payday loan. We care more about your ability to pay back comfortably than your credit score. This is why we pay more attention to your current level of income than we do to any credit reports. Show us that you’re in gainful employment with a good record for earning regular income, and we’ll be happy to consider you further for a very fast loan.

The banks will only lend to those that have a stellar track record with credit, which is why they have such strict and prolonged processes to ensure they only offer finance products to prime applicants. We have a far more open and understanding approach, which allows us to help more people that really need it.

If you’re looking to improve your credit history, a good way to do it would be to successfully take a payday loan and ensure you pay it back in full well within the arranged deadline. Not only is this a positive move in terms of your credit score, it’s also a great way to make us very confident of accepting you for future loans.

Speed is a top priority

More people are living in the city and enjoying faster paced lives than ever before. We understand that when you’re facing a tough financial situation, timing is everything. Short term loans are designed to be paid out as quickly as possible, the application can be completed online, and the money is paid directly to your bank account the same day. Everything about a payday loan is intended to make it a fast and reliable solution to fit around your busy schedule.

If something in your house has shut down or any other financial emergency has sprung up, the last thing you want is to have to go marching around to local bank branches looking for options. In the vast majority of cases, applicants can complete their payday loan forms online. If you prefer to call and speak to someone, that’s fine too. You’ll be able to arrange your short term-loan in the morning before work and have the money arrive in your account during the day so that it’s ready for you when you come home.

Better customer service

One of the most concerning things about taking credit from banks, is their strict agreement policies. Whether you’re taking a credit card, overdraft or standard loan, as soon as you miss one payment, their charges can go through the roof. We like to be far more open minded with a more personal approach.

If you think you’ll have trouble making a scheduled payment, you can contact us right away and we’ll do all we can to make amendments to the agreement. It’s in our best interest to make the process run as smoothly as possible, so we’re more on your side than the banks ever could be.

If you’ve been pretty good at saving money in the past, you might already have a relationship with a bank that you trust. The thing is, they’ll never do anything quickly because they’ll always have to follow a strict set of protocols to check your current status and the condition of any accounts you hold with them.

All you need to get a loan from us is an official ID and a bank statement showing your current level of income. We welcome any applicants in need of a fast loan for any specific cash amount. We hope this explanation of has helped! If you need a fast cash loan without the bank, we’re here to ensure you get the funds needed until your next round of pay has arrived.  

How To Get Cash Loans Fast Without A Bank

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For more information about how to get cash loans without a bank, please don’t hesitate to contact the Cigno team.

You can also read more about our cash loan products in our previous blog post: 3 Best Ways To Get A Fast Cash Online

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