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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

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

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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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The Advantages Of Cash Loans For Centrelink Customers With Bad Credit

August 24, 2018
, Bad Credit Loans 7

If you’re a Centrelink customer, you’ll be well aware of how difficult it can be to make ends meet on a low budget. In this post, we’re gonna go over the key advantages of cash loans for Centrelink customers with bad credit. Think you might be a bit stuck for cash this month and have important things to pay for? Read through these pointers to see if a quick payout cash loan is the way to go. Let’s make a start with:

Short-term cash loans pay out fast

Short-term cash loans are also known as payday loans. Unlike regular loans that can take weeks to finally reach you, payday loans are designed to be paid to your account as soon as possible. The term for a payday loan isn’t very long and you’ll be expected to pay back what you owe using the money from your next work or welfare payment.

Some payday loans companies only deal with borrowers that are in full-time employment. At Cigno Loans, we offer short-term loans to Centrelink customers as well as those in work. Whether or not you have a good credit score is not important as we don’t conduct credit checks in our assessment. As long as we can see that you have a steady income, we’ll be able to help you with instant cash solutions that meet your needs. In the vast majority of cases, our fast loans can be paid out on the same day that you apply.    

Get the amount you need with a hassle free application process

Another huge advantage of our payday loans is how easy it is to apply. We’ve designed an internet based application process that makes our service far more practical and convenient than ever before. You can apply online through our website at any time and we do everything we can to ensure the money reaches the account of your choosing within hours.    

It can be tough living on a restricted income outside of work. We understand that making things balance can be tricky at the best of times, especially as all it takes to put you in a real pinch is for an unforeseeable cost to turn up suddenly. All you need to apply for one of our loans online is your most recent bank statement showing your income from Centrelink or your place of work and a government issued ID.    

Not only is our application process very simple, we also allow you to pick the exact amount you want to borrow. We offer loans up to $1000 and will provide you an offer of the amount we think is most suitable for your circumstances after we have processed your application. Taking the minimum you need to cover your most urgent costs is highly advisable and will help ensure you’re able to pay what you owe comfortably.  

Clear offers and helpful repayment notifications

The best way to attack your money worries is to practice being as sensible with money as possible. We believe in providing short-term loans the right way, which is why we make all of the charges and rates in our loan terms as clear as possible in our offers. This helps you make a perfectly informed decision and be sure of all conditions before you agree to anything.

We also understand how easy it can be to forget certain dates down the line, which is why we’ve built helpful notifications into our process that keep you up to date on your upcoming repayment days. When you’re having to manage a tight monthly budget, it’s never a bad idea to try and cut down on unnecessary spending as much as you can. Check out this helpful post to find a bunch of ways you can save on day-to-day expenses.

Those are the core benefits of cash loans for Centrelink customers with bad credit. We hope this quick list has helped! If you receive Centrelink payments and have a bad credit score, you can still access quick funds in emergency situations. Don’t like the idea of applying online? We have a friendly customer service team that will be happy to help you complete your application over the phone.    

The Advantages Of Cash Loans For Centrelink Customers With Bad Credit

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Read more about bad credit loans here, or in our previous blog post: Can I Get Fast Cash Loans With Bad Credit?

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Is Bad Credit A Factor In Getting Fast Cash Loans?

April 24, 2018
, Bad Credit Loans 1

Bad credit is a phrase that gets tossed around, no matter what industry you work or are involved in. Have you heard it? Particularly when it comes to buying the big-ticket items, such as cars and houses, bad credit is not something you want next to your name.

In this blog post, we will take a detailed look at the ins and outs of having bad credit—what it means, and what it means to you—as well as assessing whether bad credit is a factor in getting a fast cash loan.

Continue reading to learn more.

If you are struggling financially, remember, Cigno may be able to help. Visit our website to see how our loan application process works.

Do bad credit loans exist?

In short, yes, they do. When people talk about bad credit loans, it may conjure feelings of anxiety. You may think you will never be able to borrow money from anyone and achieve those homebuyer dreams. Don’t fret. Bad credit loans do exist, and at Cigno, they exist for everyone because we believe in second chances.

Learn other ways to improve your credit rating here.

How do you get bad credit?

Firstly, let’s look at how you receive bad credit or a low credit score. The problem is, we receive bad credit for things we perhaps don’t believe can be too affecting at the time. For example, a missed credit card payment or any late utilities or phone bills.

These things are very easy to forget about. “Oh, I’ll pay it later.” Sound familiar? It is important to try and pay these bills on time to avoid a big X against your name when it comes to borrowing. Sometimes it can be difficult to do this with our busy schedules. If there is one takeaway from this blog post, it is that any missed actions on your credit file can remain on there for up to 5 years. That’s a long time!

How can bad credit affect me?

In many ways, bad credit can be the difference between getting things including a mortgage, a new car or phone plan. These are all necessities today. Well, the mortgage is optional. But most of the population would drive a car to work and more than most, you would assume, have some kind of smartphone technology. They don’t hand out brand new iPhones without prior and appropriate credit checks first.

How can I improve my credit history?

First thing’s first. If approved for finance, ensure that you make the repayments on time. This goes a long way in improving credit history. One such method for improving bad credit is, believe it or not, small loans. Cigno helps Australians far and wide by providing financial assistance.

Yes you pay interest on the quick cash loan, but your credit card repayments will be made on time. When you are in need of a payday loan to tide you over until your wages come through, get in contact with Cigno. Let us help you out of your financial predicament, while continuing to build your credit rating. What will the end result be, you ask? Your ability to borrow in the future will increase significantly.

Cigno is committed to helping you achieve financial freedom. As far as we are concerned, your personal details are personal and your credit history is history.

Is Bad Credit A Factor In Getting Fast Cash Loans?

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Learn more: Five Ways to Improve Your Credit Rating

Responsible borrowing

Although Cigno is providing a lending service, we encourage to only borrow when you really need them. If you are in a financial bind, please get in contact with us. The other thing to remember is that you should only apply for a bad credit loan when you are 100% confident you will be approved.

Always give the terms and conditions a thorough look, as you should be aware of the commitment you are making and the associated repayments.

Even though responsible borrowing is a short-term solution, you should work towards minimising your debt and your need to seek financial assistance. Create a budget and set obtainable financial goals.

Conclusion

Read more about bad credit loans on our website. Or if you would prefer to speak with one of our friendly staff members, please don’t hesitate to contact us.

You can learn more about bad credit loans in our previous blog post: Bad Credit Loans: It’s Still Possible to Get a Loan Even if You Have Bad Credit

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