We understand that you are looking for a short term/pay day loan because your credit rating might not be 100%. We can loan to you even if you have:
- A low credit rating;
- Outstanding defaults;
- Multiple defaults
We can even advise you on steps you can take to help improve your bad credit rating. Although, we look into your credit rating, there are other factors we will take into account such as:
- Your income; and
- Your expenditure; and
- Your bank statements for the past 90 days; and
- How large the defaults are on your credit file.
We will make an assessment on a case by case basis on whether or not you can afford the repayment and may not necessarily take your credit history into account. So, if you are worried about bad credit and need car loans or personal loans, talk to us to find out how we can help.
Once we have all the necessary information, we aim to approve loans within the hour and cash can be sent same day to you. We have managed to help customers in Melbourne and across Australia get the loans they need.
There are several things that impact your credit rating when applying for a loan, you are probably aware of some of them but there are others you might not know about.
For example, if you have defaults or adverse events on your file, those events significantly impact your credit score. However, just making an inquiry, even if you don’t take out a loan, can impact your credit file, especially if that loan inquiry is to an alternative lender. If you are making a lot of inquiries with lenders your score will likely be affected as a lot of lenders automatically perform a credit check.
At Spotter Loans, we tend to request your credit file as one of the later steps in the process only once you have been assessed as a good prospect for a loan. We also take the view that some things that effect your credit file might not reflect your likelihood of paying back a loan. We look at credit files on a case by case basis and don’t just look at the overall score. This means even if typically, it might seem like you have bad credit ratings for car loans or personal loans, we won’t let that be the main factor in approving a loan for you.
In the majority of cases you will not be required to fill in any paperwork or print or scan/fax back any documents to us, the whole process can be done electronically via online systems. Even your bank statements can be sent to us in minutes using a third-party processor.
For those in Melbourne or anywhere else in Australia that require car loans or personal loans, don’t hesitate to contact us today! Click on the apply now button to kickstart your online application.