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

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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

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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

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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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How To Tell If A Quick Cash Loan Offer Is Too Good To Be True

September 20, 2018
Emergency Loans, Payday Loans

On the hunt for the perfect quick cash loan for your situation? In this article, we’re pointing out some of the most common ways you can identify a loan offer that’s too good to be true. Have a read through these pointers to make sure you don’t go with a provider that could prove troublesome to deal with. We’ll get started with:

They offer payout in minutes

This only means bad things. Either the loan company is not being completely honest about the time it takes them to process applications, or they are being completely irresponsible with how they make their lending decisions.

At Cigno Loans, we ask for your ID and access to your most recent bank statements in your application. We need this information so that we can assess your current financial situation and determine if you’re actually able to pay back the amount you’re trying to borrow. We want to make sure all borrowers can comfortably afford their loans so that they don’t run into difficulty.

Imagine a company that is giving out loans without taking these precautions and you’ll very quickly realise how destructive this can be. The only way to offer loans with payouts this quick is to bypass any sort of assessment process and throw loans out unethically. It’s not sensible, it’s hardly feasible, and you should avoid companies that make these claims no matter how good their offers seem.

They don’t offer dedicated customer services

Anyone that offers quick cash loans and doesn’t want to be contacted is not quite doing things properly. Payday loans are meant to be solutions that help people through tough times. This means you’ll more than likely need a team that’s highly prepared to provide assistance for a wide range of circumstances.

We make sure our team is prepared to help borrowers understand their terms, complete applications, and provide any other assistance necessary to ensure the process runs as smoothly as possible. None of this is possible if you don’t offer any sort of contact information.       

Scams and threats can be pretty easy to spot if you look for the right signs. Someone working alone that just wants to take what they need before ticking you off their list is the kind of setup that would fail to run a responsive customer service channel. Can’t find a way to get in touch easily? Then it’s probably best not to get involved with them at all.   

Their rates are tiny compared to everyone else’s

The best thing to do when comparing rates is to pick a company that you believe leads the market, get a good understanding of their rates and charges, then compare other options. At Cigno, we do all we can to be upfront and open about our costs. If a company is offering rates way higher than the leading average, it’s not a good deal. If they’re offering total costs that are way below the leading average, then there’s definitely something up. A lot of payday loan companies try to hide some of their fees behind various stages in their process. If an offer is really low, then it’s more than likely they’re hiding something.  

It’s important to be careful with money and how you use it, but nobody wants to be taken for a ride because they think they’ve landed the greatest deal. In the vast majority of cases, the safest thing to do is to go with the providers you think offer decent rates, are most upfront with their charges so you know where you stand, and have a good reputation for doing things the right way. Even if they aren’t necessarily the cheapest way to go, you’ll have peace of mind in knowing they won’t slam you with any surprise issues down the road.

How To Tell If A Quick Cash Loan Offer Is Too Good To Be True

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There you have it! These are the best things to look out for when you’re scouring the net for the best quick cash loans out there. The easiest way to fall prey to unethical loan companies is to always go for the most extreme options out there. Thorough research is vital and picking providers who’s rates and policies are roughly in line with the markets largest leading companies is one of the safest approaches you can take.     

Read more about quick cash loans here, or in our previous blog post: The Best Advantages Of Fast Cash Advances And How To Use Them

Why So Many People Prefer Loans With No Credit Check

September 17, 2018
Bad Credit Loans 5

Thinking about taking a loan anytime soon? Most loans will feature a credit check near the start of the application process. There’s a growing amount of people now that look for loan options that bypass the dreaded credit test. Here, we’re going to cover some of the most important reasons that loans with no credit check are becoming increasingly attractive to so many borrowers.

Let’s get going!

Credit checks are bad news if you have a poor credit score

One of the main reasons for people to dodge the credit check is because they have a bad credit rating. Your rating lets banks and other loan providers know that your past experiences with borrowing haven’t gone so well. They see this as really strong evidence of your lack of ability to pay back what you owe, so they’ll more than likely refuse anyone that has a score below a certain point.

At Cigno Loans, we don’t assess people based on their credit history when they apply for our short-term loans. Your credit score only says so much and we believe even those with bad credit should be allowed a chance to prove themselves able to borrow successfully. The most important thing we look for is your main source of consistent income. As long as we can see that you can afford to pay what you owe us when your next payday comes in, we’ll be happy to make you a loan offer.

Having no credit checks saves time

Loans with no credit check are a whole heap faster than loans with full checks. That’s why applying for a personal loan from a bank takes so much time. They have so many more processes to deal with than we do. We can provide instant payout loans within 24 hours of your application being approved. In some cases, we’ve even had the money paid out within a few hours.

This kind of same-day speed is impossible if you insist on running credit checks. When money is an issue, time can be everything. We understand that when you have an urgent cost to settle right away, you can’t sit around waiting for the money to be paid to you a few weeks or days down the line. You need it as soon as possible. This is the main reason we’ve structured our process to enable lightning fast payouts direct to your bank account.

Saving is hard when you live on a limited budget. Ideally, everyone would have a safety fund to fall back on when things are tight. If you’re still working on building yours, and a huge emergency cost has turned up out of the blue, your options can be quite limited. Our fast short-term loans are designed to be there for you when you need just enough to get you to your next payment from work. We offer up to $500 for first time borrowers and our website allows you to apply for any amount you need below this level.

Refusal based on credit can sometimes hurt your score further

Have you ever tried to apply for a credit card and been rejected only to find that the failed application has actually driven your score down even lower? This is one of the most frustrating things about the credit check system. Not only can it be really hard to access the credit you need if your score is less than perfect, but being rejected can damage your rating even further.

You might have a stellar record in your bank account history, but still be struggling to access credit due to a low score. This is another reason why more and more people are dodging credit checks altogether. Sometimes it’s best to go for loans with no credit check than taking the risk of applying for one that’ll set your rating back even more if you’re not accepted.

There they are! These are the main advantages of seeking a loan that is based on your current income rather than your credit score. We hope you’ve found this review helpful and will be happy to help if you have any further questions about our loan application process. Feel free to get in touch or leave a comment below for more information.

Why So Many People Prefer Loans With No Credit Check

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Read more about no credit check loans here, or in our previous blog post: Why No Credit Check Loans are Your Solution to Unexpected Expenses

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Top Reasons To Use The Same Payday Loan Provider For Future Loans

September 13, 2018
Payday Loans 1

When you apply for a payday loan for the first time with a new provider, you’ll need your most recent bank statements and your ID to prove you can afford the loan. If everything goes well and you make your repayments exactly as planned, you could develop a beneficial relationship with that vendor that can prove very helpful in future. In this article, we’ll be taking a look at the best advantages to staying with the same loan provider whenever you need a fast cash loan to get you through the month. Let’s start with:

Faster approval

At Cigno Loans, payday loans are our main focus. Our aim is to help you find the perfect short-term loan for your situation. If you’ve borrowed from us before successfully, we’ll be far more confident in helping you secure a loan in future. Come back to us for a second loan and the process will be even faster than it was for your first. We understand that speed is a crucial factor when cash is tight, so we fully appreciate how much difference it can make to offer a payout that’s as fast as possible.   

Familiar notification service

When you’re busy and flustered, it can be hard to remember little details and specific dates. Which is why we offer a range of handy notifications to remind you of the most vital stages of your loan. Different loan companies will have different approaches. At Cigno, we like to keep you well informed with texts to your phone. Most people love this idea as it gives them a little extra reminder to help ensure they don’t miss any payments.

If you get another loan from a different company, you might find they don’t keep you up to date as regularly, or they don’t contact you at all. These little features might seem trivial, but a lot of people look for consistency and like to stick with processes that are familiar.      

All of your history is kept on record in one account

It can be a great help to keep all of your loan information safely stored within one account. Whenever you want to look at past loans or check any account details, it’s all in one place. If you have multiple accounts with a range of websites, looking through your history becomes a bit more of a challenge.  

The main reason to take a payday loan is if you’re running low on cash and need a quick injection of money to get through to your next payment from work. If you’re out of work, we may be able to offer you loan that fits in line with your welfare payments. A short-term loan is a means to solve a money issue as well as prove you can borrow money responsibly. If you ever need to study or display your loan record for any reason, it’ll be much easier to do so if your entire loan history is accessible in one place.  

Potential access to larger amounts

We offer loans up to $1000 dollars to first time applicants. The only way we can offer more is if we’ve worked with you before and have seen that you’re perfectly capable of paying us back. There’s no better way to prove your capability with credit than by borrowing and making repayments exactly as agreed. This also plays a big part in restoring your credit rating to greater levels.  

Those that have dealt with us on numerous occasions successfully in the past are welcome to contact us about higher amounts. You never know when you might need access to larger sums of money for future emergencies, so building an account that allows you higher loan amounts can prove highly beneficial.

Those are the top reasons to use the same payday loan company for your future short-term loans. If you prioritise saving a few cents, looking around for other options may be suitable for you. But if you think consistency, greater convenience and building a strong account is more important, it’s worth doing your research to pick the right company from the start and sticking with them.

Top Reasons To Use The Same Payday Loan Provider For Future Loans

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

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Centrelink Loans – How To Get Cash Funding While On Benefits

September 11, 2018
, , Bad Credit Loans, Payday Loans 7

The government’s Centrelink program is there to help those who need it most, but what happens when the funding you receive isn’t quite enough? In this article we’re going to be looking at the best ways you can access a Centrelink Loan that fits your circumstances. Have a read through these pointers to see if a short-term solution might be the ideal option for your urgent financial situation.

Payday loans with instant payouts

Cigno Loans offers payday loans and microloans to people who need cash as soon as possible. As well as those in full-time employment, we also like to provide help to people outside of work that are living on welfare and need a Centrelink Loan to get them through the month. Sometimes, the money you receive from benefit payments just isn’t enough. When you find yourself short on money and unable to pay for necessities, the most ideal solution would be a fast injection of emergency cash from a reliable source. This is exactly what we aim to bring you.

Handling your income and finances isn’t always easy. New costs can come up and people run out of cash from time to time. When you find yourself in this situation, your options can be quite limited. You can take a loan from a friend or try and pull off some extra work on the side, but how quickly will these ideas payout and give you the funds you need right away? With our payday loans, we usually try to have the money reach you within 24 hours of accepting your application.

You can apply for a payday loan with bad credit

Your credit score isn’t all that important when it comes to short-term Centrelink Loans. All we need to see is your latest bank statements to ensure you have the steady income needed to pay us back within the coming months. If your credit score is really low, you may have tried applying for credit elsewhere and found nothing but rejection. We like to be far more open minded and understanding of different peoples needs, so we’ll still consider your application even if your credit rating is really low.

You can apply for the exact amount you need online or over the phone

Modern living is filled with money challenges, and when you’re living on a limited income, things can pop up that you didn’t expect. We always advise that borrowers only take exactly what they need to cover their most urgent costs. Take too much and your final bill will be higher. It’s never a good idea to spend your loan on things you don’t need. Our short-terms solutions are designed to help you with emergencies, not entertainment or luxury purchases.

The most convenient way to apply is online. Using the Cigno loans website you can complete your application anytime of the day or night. Prefer speaking to someone? Our friendly team is available during daytime office hours to help you through the application process if this is your preference. Once we have your application, we’ll do everything we can to send you an offer within hours!  

Repay successfully and we’ll be happy to lend to you in future

Find yourself struggling on a regular basis? If you take your first loan with us and repay without issue, we’ll be more than happy to continue lending to you with even faster processing times in future. If you can prove to us that you are a responsible borrower by paying back what you owe exactly as agreed in your loan terms, you’ll have faster access to our services should you need more help at some point down the line. Our basic loan limit is $500, but we may be able to offer higher amounts to people that have borrowed from us on numerous occasions before without issue.

There you have it! A payday loan could be one of your best options when seeking instant funding. Whether you’ve just started receiving Centrelink benefits or have been for a while now, as soon as you need cash fast, Cigno can offer you a short-term loan that’s paid out within hours. Remember, you’ll need your bank statements and at least one form of official government ID to complete your application.      

Centrelink Loans – How To Get Cash Funding While On Benefits

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You can also read more about our Centrelink loan products here, and in our previous blog post: The Advantages Of Cash Loans For Centrelink Customers With Bad Credit

 

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4 Things You Should Never Do With A Cash Loan

September 5, 2018
Emergency Loans, Payday Loans 4

More and more of us are spending too much and saving too little. There are now loads of ways for people to run short on money month-to-month. Whether you have a family household to look after or you live in your own place, when money is tight, a fast cash loan could be your best bet to get you to your next payday.

There are loads of ways you can access money instantly. You can take out a short-term loan from Cigno, borrow some money from a friend, or even ask for a cash advance from work. However you get the money, there are certain things you should never do with a cash loan, and we’re going to point them out nice and clearly in this article. Here we go:  

Gambling with borrowed cash

Dodge this at all costs. It doesn’t matter where you get the money, gambling with borrowed funds is always a bad move. There are loads of sources out there shouting out about all kinds of get rich quick concepts that revolve around gambling. You should only ever gamble with your own money and amounts that you can afford to lose. Losing with someone else’s money just makes the loss even greater.

If you want to proactively make yourself a larger income, there are loads of more sensible ways that people should aim to make extra money on the side that come with far less risk.

Buying luxury consumables with borrowed cash

Whether it’s a wild shopping spree for items you don’t need or getting this years holiday booked in, borrowing cash to make luxury purchases that don’t hold value isn’t a good idea at all. Saving on groceries is one of the best ways most households can cut large amounts from their monthly expenditure. You should only really be spending disposable income on pleasure purchases. Use credit cards, payday loans or cash loans from friends to pay for expensive luxury buys and you risk throwing yourself into more debt than you can afford to handle.

Travel with the entire amount in hand

This is a huge security issue. At Cigno Loans, we pay our payday loans straight to your account. This allows you to draw out only what you need or pay for purchases with your debit card. Travelling with large sums of cash is always a dangerous thing to do especially if you plan on making your way through a series of public places. Do yourself a huge favour and make sure you borrow cash via electronic channels.

Even if you are taking your cash loan from a relative or associate, it’s always best to have them transfer the money to your account online. As soon as the cash is in your hands, it’s your responsibility. A theft of your online bank account can be traced and documented. A theft of cash from your hands is much harder to prove.   

Invest in ventures or schemes

Doing business with short-term finance is far from clever. Whenever you take a cash loan you should always be upfront and honest regarding your intentions with the money. At Cigno, we always advise borrowers to take as little as they can. With our loans, you can specify the exact amount you need so that you only take what you absolutely require to cover your urgent costs.

Take too much, and you risk landing higher repayment charges than you can realistically afford to pay back without any issues. Investments of any kind are not all that different to gambling. They don’t always go according to plan and could end up costing you instead of making you money.

The only real reason to borrow a cash advance is to cover costs that are essential. Repairs to your plumbing, fridge or car, food for the month, and travel expense are all examples of acceptable emergency expenses.    

Those are the main things you shouldn’t be doing with a cash loan. If any of these pursuits is in line with what you have in mind, it would be best to save rather than compile the risk by using a short-term cash loan to fund them.  

4 Things You Should Never Do With A Cash Loan

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Read more about cash loans here, or in our previous blog post: How To Get Cash Loans Fast Without A Bank

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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

fast cash advance

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

August 31, 2018
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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 $1000. 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.

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

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

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