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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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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 a Cash Advance Can Help You After a Disaster

April 10, 2018
, Short Term Loans 1

In 2017, the Australian Bureau of Statistics released a statement claiming that that nearly 1 out of every 3 Australian households was over-indebted.

That number that has grown by 8% from 2003 – 2016.

Being in debt is difficult on its own, but imagine being in debt when a natural disaster strikes.

Earthquakes, floods, destructive winds, road closures, and sickness are all things that can damage lives, cripple businesses and create an incredible financial need.

An advance can be a helpful solution when disasters strike and during other times of uncertainty.

Cash advances provide immediate financial relief to people looking to get past difficult times. At Cigno Loans, we’re proud to offer fast personal loan and cash advance services to Australians when they’re faced with disaster.

You can’t control Mother Nature. When disaster strikes, a cash advance can put you on your feet again. Here’s why.

How Can A Cash Advance Help You After a Disaster?

Medical Expenses

Natural disasters can embody a wide array of hardships including increased occurrences of sickness like the flu.

Even if the natural disaster you’re facing is not related to sickness, things like floods and earthquakes can cause injury and illness. This can mean paying for medication, treatment, and may even result in needing time off work.

When an unexpected disaster puts the burden of medical-related expenses on you or a family member, a cash advance can help.

Cash advances give you the financial support you need to give your body the resources and time it needs to make a full recovery.

Home Repairs

Home repairs are the most common hardship associated with natural disasters and for good reason.

Harsh winds, rains, floods, and earthquakes can cause severe damage to the place you live. This can exacerbate the already unpredictable costs of home ownership.

Pipes can sustain damage and roofing might tear. Trees on your property may even present an environmental hazard which means you need to pay to get them cut. These are just a few examples of what you might encounter.

Some disaster expenses are non-urgent but problems caused to your home may need immediate attention. Living in a damaged environment can at best, be uncomfortable for you and your family, or at worst, present danger.

A cash advance can help bridge your income. This will ensure that the quality and comfort of where you live does not need to be on hold until you receive your next paycheck.

Car Repairs

Australian research firm IBIS World estimates the car repair industry’s revenue at 16 billion dollars a year as of 2018.

That’s good news for them but that revenue comes at the expense of car owners who are generally caught off guard by vehicle damage and breakdowns.

Natural disasters only increase the risk of unexpected car repairs.

Flooding can ruin engines and severely damage car interiors. Accidents caused during earthquakes, high-winds or severe rains can lead to tremendous body repair costs. They may even mean needing to replace your vehicle altogether.

If you use your vehicle to get to work or drop off family members at school, getting your vehicle repaired in a timely manner may be of even greater importance.

If you find yourself in need of financial help to make emergency car repairs when a disaster strikes, a cash advance can be the solution you are looking for.

Cash advances can provide you with the financial lifeline you need to ensure your car is in working condition and safe so an unplanned disaster doesn’t put you out of service.

Work Gaps

City workers, electricians, and disaster relief personnel are just some examples of people who probably won’t need to worry about having work when natural disasters strike.

But what about a supplier whose restaurant closes during disaster-related repairs?

Or how about an online freelancer whose internet is down? It could take weeks for his or her internet provider to repair their connection and get them back to work.

Natural disasters can lead to uncertainty in regards to when you’ll see your next paycheck and unfortunately when work pauses your bills don’t.

A cash advance can help get you past a lull in your work routine so you don’t have to worry about how you’ll get yourself through the rest of the month.

Dips in Business

Small business owners, particularly those who run brick-and-mortar establishments, may get hit the hardest when disaster strikes.

Disasters can result in road closures which can make it impossible for customers to access your goods and services. Your business may have been damaged and you might have to close your doors until it meets safety standards again.

And even if the damage is not an issue for your establishment, customers are less likely to go out and spend their disposable income after a disaster due to fear and uncertainty.

No matter how it happens, when natural disasters hurt you and your business’ bottom line, you may find yourself worried about mounting expenses and your lack of income.

A cash advance can help.

When your business is built for the long-term success, a cash advance can make sure you are not hurt by short-term financial hardships.

In Summary

Natural disasters are unpredictable and can cause financial hardship to hard-working everyday people.

When repairs need to be made, medical expenses need to be paid, and income needs to be bridged to get through difficult times, getting a cash advance can be the solution you need to ensure that your life is disrupted as little as possible.

How a Cash Advance Can Help You After a Disaster

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How We Can Help

At Cigno Loans, we are proud to offer cash advances up to $1000 to Australians who need assistance getting through hard times in their life.

We believe in giving everyone fair consideration when applying for our loans. We offer a quick, non-invasive application process that aims to get you the money you need.

We also believe in responsible lending and borrowing. That means we will help you get a loan amount that best fits your financial situation and sets you up for success.

If you’re interested in a cash advance, apply for a loan today. For more information about the types of loans we offer or other financial advice, read more on our blog.

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Why No Credit Check Loans are Your Solution to Unexpected Expenses

April 1, 2018
, , Bad Credit Loans 11

Nearly 1 out of every 5 Australians would struggle to come up with $500-$1000 to cover an emergency expense.

That means when a tyre pops, an injury occurs, or a roof needs repair, almost 20% of the country is left scratching their head, wondering what to do.

For many people, the solution to this problem is obtaining a loan. Loans can be an easy way to get past an emergency financial stumble between paychecks and are relatively easy to get at any financial institution… for people with good credit.

Life throws curveballs at you, and you’re not always able to afford them. Fortunately, no credit check loans can help you during these times. Here’s why.

But How Can You Get the Help You Need If Your Credit Is Average or Poor?

If you’re one of the millions of people around the world struggling with credit issues and need access to temporary financial support to get through a difficult time, no credit check loans could be the solution you’re looking for.

What Are No Credit Check Loans?

No credit check loans, as their name suggests, is money you can borrow from a loan provider without the need to have your credit checked. Loan amounts vary from provider to provider but on average can range from $50.00 to over $1000.00.

Approval is based mostly on verifiable income, the application process is non-invasive and you can have the money you need fast.

If any of the following apply to you, you may want to consider getting a loan that does not require a credit check:

  • You have a poor credit history
  • You have no established credit history
  • You need quick access to fund an emergency expense (car repairs, home repairs, health expenses, etc.)
  • You want to apply for a loan that specialises in helping applicants with below excellent credit

Why Choose a No Credit Check Loan over a Traditional Loan?

While loans without credit checks are generally associated with customers that have below average credit, know that even people with excellent credit may opt for this type of loan for a variety of reasons.

Traditional loans tend to require large amounts of paperwork and paperwork means progressing time. No credit check loans generally process faster since less information needs to be verified to get your loan funded.

Also, getting your credit checked may hurt your credit score.

There is a lot of varying information on this topic, but the key to understanding which kinds of checks harm and don’t harm your credit score depends on the type of credit check being conducted.

There are two types of credit check inquiries, hard and soft.

An example of a soft credit check is when you use an online service to look at your own credit score. This type of check should not affect your credit.

Hard credit inquiries (or hard pulls) are the type of credit checks that are generally required by lending institutions. With a hard check, lenders request a more in-depth look at your credit history to determine whether or not you are eligible for the loan they are offering

Hard inquiries can damage your credit score between 5 and 10 points which can be a big difference to borrowers.

For that reason, many people, regardless of the type of credit they have, may opt for no credit check loans.

Why Do Lenders Offer Loans Without Credit Checks?

Large amounts of prospective customers looking for loan products, through no fault of their own, have poor or no established credit. The reasons why people have poor or no credit vary and taking the time to understand those various reasons is why no credit check loan options are a safe bet for lenders.

For example, not having credit history can be a result of your age. Somebody who is going to college for the first time and needs extra cash to pay for moving expenses should have options to attain the money they need to get to where they need to go.

The same goes for people with poor credit. Many people have temporary lapses in employment which results in unpaid bills that can damage their credit. This temporary hardship is not an indicator of their willingness to pay back their loans in the future and therefore, they don’t represent a significant risk to lenders.

Considering those two things:

  1. The number of prospective customers with less than excellent credit
  2. The low pay-back risk many of them pose since their credit issues were out of their control

is why lenders have developed loan options that are mutually beneficial to both them and borrowers in the form of no credit check loans.

What You Need to Get a No Credit Check Loan

Requirements vary from lender to lender but generally, all you’ll need to qualify are:

  • Verifiable income
  • An active bank account
  • And be of legal age to take out a loan

To Sum It Up

If you’re in need of fast cash for life’s unexpected occurrences but are worried that your credit history will stop you from getting the help you need, no credit check loans can help.

Loans that do not require credit checks are a safe means of getting the money you need and rely almost solely on your verifiable income for qualification. Credit is not a factor and will not be checked during the application process.

Why You Should Apply for No Credit Check Loans

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How We Can Help

At Cigno Loans, we offer no credit check loans that are tailor-made for your particular financial needs. We believe in responsible borrowing and lending and to that end, one of our loan advisors can guide you through taking out a loan that fits your lifestyle and gives the help you’re looking for.

We help people through tough financial situations every day. We fully understand the pressure they’re under, and after we’ve given them the help they need, they come to find that our team is more understanding than other lending institutions.

Remember, we’re here for you every step of the way. If you ever need help with any of your lending-related questions, let us know!

If you’re interested in a loan that won’t check your credit and offers competitive rates, you can apply today!

Read more about loan advice, money saving tips, and finance on our blog!

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Common Requirements for Fast Cash Loans

March 21, 2018
, Short Term Loans 2

With more Australians than ever currently in debt, chances are that there have been a few times in your life when you just wish you could get your paycheck early.

Maybe you need to make an important purchase. Perhaps you’ve been faced with unexpected medical challenges, are currently unable to work, or just need a little help getting your finances back on their feet.

Do you need fast cash loans? Learn the common requirements before applying.

Whatever the reason, you’ve likely already thought about applying for cash loans.

But what will those giving you the loan require of you? Are you eligible for these types of loans? If so, what sort of information will you need to provide?

We understand that you have lots of questions.

In this post, we’ll tell you the most common requirements when it comes to cash loans.

Understanding Cash Loans

Before we get into the requirements associated with these loans, let’s first make sure you understand exactly what they are.

In a nutshell, these types of loans are meant to be a short-term financial solution. They are typically given in smaller amounts, and often carry a higher rate of interest than other types of loans.

The amount that you’ll be eligible for when it comes to these loans depends on how much you make, as well as the specifications of the institution giving you the loan.

Many people apply for cash loans when they need to cover their bills and don’t currently have enough cash in their bank accounts to do so. They may also be used to pay off your credit card debt, pay for a car, or so that you don’t have to ask your friends or family for money.

The good news?

These types of loans are incredibly accessible, and they don’t usually have lots of the requirements associated with other loans.

Now, let’s take a look at those requirements.

Common Requirements For These Loans

As we mentioned earlier in this post, cash loans are one of the easiest loans to both apply and get approved for.

In general, the requirements are fairly minimal.

First of all, you must be a minimum of 18 years of age. You also need to prove that you have a checking account, which you can prove by bringing in a copy of your bank statement to your appointment.

You’ll also need to show a proof of income. This can be a letter from your employer or a pay slip. You’ll also need to give some form of government-issued identification to your lender, as well as your social security number.

More good news?

The process of applying and getting approved for a cash loan usually happens fast. In some cases, you can even be approved in as little as about half an hour.

You should be sure, however, to ask about the lending fee associated with your loan. If it’s too high to make it worth it, then you may want to consider working with another lender.

Keep in mind that the complete list of requirements will likely vary based on the specific lender that you’re working with. In some cases, you may even be able to apply for your loan online.

In addition to asking questions about interests rates, loan terms, and possible amounts, always take the time to ensure that you do actually meet the requirements of the loan.

More Information On Cash Loans

With Australian households officially carrying the most debt in the world, we want to ensure that you can make a clear decision about whether or not cash loans truly are the right option for you.

Especially because of the high interest rate, make sure that there’s nothing else you can do before applying for this type of loan. Contact your landlord and any heating and water providers to see if you can create a better payment schedule.

If you apply online, you may need to wait for a few days before you receive your money. So, if you’re truly in a bind, it may be best to go to a bank directly or meet with a more local lender.

When you decide on the amount of money you borrow, make sure that you have a plan in mind for how you’re going to pay the loan back. Talk to your lender about how much you can afford to borrow, and discuss all possible repayment plans.

Make sure that you also ask about the possibility of any late fees or penalties associated with a lack of ability to pay the loan back in time.

Common Requirements for Fast Cash Loans

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In Need Of Cash Loans Fast?

We hope that this post has helped you to better understand the requirements you’ll need in order to be approved for cash loans.

Keep in mind that, above all else, the lender that you work with will have the biggest influence on the requirements, terms, and amount of your loan.

So, when you’re considering applying for these loans, make sure that you do your research and ensure you’re working with the lender that’s right for you.

That’s where we come in.

We invite you to spend some time on our website to learn more about the way our loan structure works. You can even apply online for your loan, which will help you to save even more time and make the process especially convenient.

No matter the reason why you need money now, we want to help you to get it. Get in touch with us today to get started.

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How to Get More Value From Your Paycheck Advance

This just in: Australian household debt is at a record high.

The report also mentioned that 30% of Australian households are in some sort of financial stress and that the country is going to go through a debt hangover according to the Financial Counselling Australia.

To say that it’s not looking good for a lot of Australians when it comes to managing finances is an understatement. But it’s not so hopeless that people can’t do anything about it.

If you’re facing certain financial challenges, a paycheck advance may be the solution you’re looking for. It can tide you over until your next payday and help you in case of an emergency or in the event of an unexpected expenditure.

Of course, like any other loan, a paycheck advance needs to be repaid, which is why you should know how to make full use of it. To maximize your payday loan, here are some tips on how to use it responsibly:

Use your paycheck advance as intended.

You’re borrowing money for a reason.

Whether it’s for an emergency medical situation or your child needs funds for tuition or you need to pay a utility company, use your paycheck advance for its intended purpose.

Pay whatever or whomever you need to pay as soon as you receive the money. There’s always temptation to give in to an impulse purchase since payday is just a few days or weeks away. And if you happen to borrow from an unscrupulous lender, you would have to repay that short-term loan with substantial interest.

Remember, too that a paycheck advance may not be the best option for settling living expenses or monthly bills. There’s a higher risk of defaulting since payday loans are supposed to work as short-term solutions to a sudden financial difficulty. It’s also advisable that you do not take out further loans until you’ve paid the first one so you don’t get sucked into a vicious debt cycle.

Make sure you have enough funds.

To repay your loan, that is.

If your main source of income doesn’t provide you with enough funds to pay back your cash advance, as well as cover the costs of your usual expenses, consider getting another job or finding other sources of income. It might be difficult but it’s better than not being able to pay your debt on time.

Plus, you’ll be comforted by the thought that you’re on the way to having a better credit history and inching closer to financial freedom.

Do your research.

Not all payday lenders operate because they seriously want to help people in dire financial straits.

It’s a good thing then that the government is cracking down on unscrupulous payday lenders.

Of course, even with new laws to protect borrowers, you still need to be vigilant. Before you take out a loan – any loan – always do your research. See if the company you have chosen has a good reputation.

Check customer reviews and complaints. A quick online search should let you know if a payday lender is worth borrowing from.

Only borrow what you need.

Sometimes, payday loan companies will offer you a higher loan amount than what you’re initially going for.

This usually happens when your monthly salary is more than the required threshold set by payday lenders.

It’s an attractive offer but you would do well to stick to your original plan. You don’t want to put yourself in more debt than you need to be. Borrowing the exact amount you need puts you in a better position to repay the loan on time and helps you not incur additional fees and interest.

Be sure you know what you’re getting into.

Read the loan agreement thoroughly. If there are things you’re not so sure about, ask, don’t guess.

Because payday loans are typically done online or over the phone, you might miss important details such as the amount you have to repay. Come next payday, you might get the surprise of your life when you see a huge debit from your account.

Always review the loan agreement and make sure the repayment amount is included in your monthly budget.

Don’t panic if you can’t repay your paycheck advance.

If for any reason, you can’t pay back your paycheck advance, don’t panic and shut yourself off from the world.

Let your payday lender know as soon as possible. Here at Cigno, for example, we encourage our borrowers to contact us if there’s a chance they will fail to make payment.

We know that sometimes unexpected things happen and we’d rather hear from you directly then refer your case to an external debt collector.

Bonus: Tips to get out of debt

In an ideal world, no one will have debts and everyone will have enough money for their wants and needs.

But it’s not a perfect world. And some of us just can’t seem to get out of debt. If this sounds like you, here are some tips to start you on the debt-free path:

  • Track your spending. Knowing where every cent is going will help you identify where you can cut expenses. If you find you’re spending too much on eating out, start packing lunches. Use coupon codes for online purchases and stop paying for things you’re not using (like that gym membership for example).
  • Get the support of family and friends. Tell them you have a debt repayment plan and you’re sticking to it. This way, they’ll know why certain activities might be difficult on your budget. And they’ll be more inclined to suggest potlucks and other events that don’t cost a lot.
  • Prepare to sacrifice. Whether it’s taking a second job or letting go of personal treats such as spa days or shopping sprees, you have to be prepared to make sacrifices if you want to be debt-free. It’s going to be hard but never getting out of debt is harder.

Need help?

Our cash loan products can help you if you’re in need of a short-term financial boost.

If you need more info on our quick, easy, and non-invasive application process, give us a call at 1300 88 23 24 or email us at info@cignoloans.com.au.